Commerce Bank Takes $44.18 Million Position in Altria Group, Inc. $MO

Commerce Bank purchased a new stake in Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 614,088 shares of the company’s stock, valued at approximately $44,184,000.

Other large investors have also added to or reduced their stakes in the company. GQG Partners LLC bought a new position in Altria Group during the 2nd quarter worth $1,806,782,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Altria Group during the 2nd quarter valued at $19,169,000. CFO4Life Group LLC bought a new stake in shares of Altria Group during the 2nd quarter valued at $710,000. Quantbot Technologies LP bought a new stake in shares of Altria Group during the 2nd quarter valued at $659,000. Finally, Fortress Financial Group LLC acquired a new stake in shares of Altria Group during the 2nd quarter worth $202,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE MO opened at $68.46 on Tuesday. The business has a fifty day moving average price of $70.18 and a two-hundred day moving average price of $68.89. The stock has a market capitalization of $114.32 billion, a PE ratio of 14.44, a PEG ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a fifty-two week low of $54.70 and a fifty-two week high of $77.06.

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

Analyst Ratings Changes

MO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. UBS Group upped their price objective 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. Stifel Nicolaus increased their price objective on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $77.00 target price on shares of Altria Group in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.11.

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.