Perennial Investment Advisors LLC Makes New $616,000 Investment in Altria Group, Inc. $MO

Perennial Investment Advisors LLC bought a new position in Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,562 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Altria Group in the second quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in shares of Altria Group during the 2nd quarter worth approximately $27,000. Navalign LLC purchased a new position in shares of Altria Group during the 4th quarter worth approximately $28,000. Hughes Financial Services LLC lifted its holdings in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after buying an additional 197 shares during the period. Finally, Miller Capital Partners Inc. acquired a new stake in shares of Altria Group in the 4th quarter valued at approximately $29,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. BTIG Research assumed coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating for the company. Citigroup boosted their price objective on shares of Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. UBS Group upped their target price on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $77.00 target price on shares of Altria Group in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average target price of $70.11.

Altria Group Stock Performance

Shares of NYSE:MO opened at $69.13 on Thursday. The business’s fifty day moving average price is $70.14 and its two-hundred day moving average price is $68.93. The stock has a market cap of $115.43 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. Altria Group, Inc. has a one year low of $54.70 and a one year high of $77.06.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.