Altria Group (NYSE:MO) Price Target Raised to $79.00 at UBS Group

Altria Group (NYSE:MO) had its price target increased by research analysts at UBS Group from $76.00 to $79.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 8.48% from the stock’s previous close.

MO has been the subject of several other reports. Citigroup increased their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Bank of America lifted their price objective on Altria Group from $72.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Barclays increased their target price on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group raised their target price on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.78.

Altria Group Stock Up 1.3%

Shares of NYSE MO opened at $72.82 on Tuesday. Altria Group has a twelve month low of $54.70 and a twelve month high of $74.56. The stock has a market cap of $121.61 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.72 and a beta of 0.45. The company’s fifty day moving average is $71.08 and its 200-day moving average is $66.33.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, research analysts anticipate that Altria Group will post 5.68 EPS for the current fiscal year.

Insider Transactions at Altria Group

In related news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Institutional Trading of Altria Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new stake in Altria Group in the 2nd quarter valued at $27,000. Navalign LLC acquired a new position in shares of Altria Group during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in shares of Altria Group in the 4th quarter valued at about $29,000. Hughes Financial Services LLC increased its position in shares of Altria Group by 62.9% in the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after acquiring an additional 197 shares during the last quarter. Finally, Miller Capital Partners Inc. bought a new stake in Altria Group during the fourth quarter worth about $29,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

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.