Altria Group, Inc. $MO Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 31.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,389 shares of the company’s stock after acquiring an additional 23,331 shares during the period. Fisher Asset Management LLC’s holdings in Altria Group were worth $5,710,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of Altria Group by 4.5% in the 2nd quarter. Westside Investment Management Inc. now owns 3,816 shares of the company’s stock worth $224,000 after buying an additional 166 shares in the last quarter. Jacobi Capital Management LLC raised its position in Altria Group by 0.6% during the first quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock worth $1,581,000 after acquiring an additional 168 shares during the last quarter. Bar Harbor Wealth Management raised its position in Altria Group by 3.1% during the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock worth $332,000 after acquiring an additional 169 shares during the last quarter. Parcion Private Wealth LLC lifted its holdings in shares of Altria Group by 1.6% in the second quarter. Parcion Private Wealth LLC now owns 11,172 shares of the company’s stock valued at $655,000 after purchasing an additional 172 shares in the last quarter. Finally, Advisory Alpha LLC grew its position in shares of Altria Group by 1.6% in the first quarter. Advisory Alpha LLC now owns 11,381 shares of the company’s stock valued at $683,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MO shares. The Goldman Sachs Group lifted their price objective on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. UBS Group dropped their price target on Altria Group from $68.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research report on Wednesday, October 8th. Stifel Nicolaus set a $72.00 price objective on Altria Group in a research note on Thursday, August 21st. Finally, Bank of America boosted their target price on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.33.

Altria Group Price Performance

Shares of MO stock opened at $58.30 on Friday. The firm’s 50-day simple moving average is $61.37 and its 200-day simple moving average is $61.78. Altria Group, Inc. has a 1-year low of $50.08 and a 1-year high of $68.60. The firm has a market cap of $97.87 billion, a P/E ratio of 11.13, a PEG ratio of 3.32 and a beta of 0.48.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.31 billion. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 EPS. Altria Group has set its FY 2025 guidance at 5.370-5.45 EPS. Analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group announced that its board has initiated a share repurchase plan on Thursday, October 30th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.