Altria GroupMO
Market Cap: $91.6B
About: Altria comprises Philip Morris USA, us Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the us with 42% annual share in 2023. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev, a 42% stake in cannabis manufacturer Cronos, acquired Njoy Holdings in 2023, and operates a joint venture with Japan Tobacco in the heated tobacco category. It also recently disposed of its investment in Juul Labs.
Employees: 6,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
33% more call options, than puts
Call options by funds: $773M | Put options by funds: $581M
13% more funds holding in top 10
Funds holding in top 10: 15 [Q1] → 17 (+2) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 751 | Existing positions reduced: 701
2% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 142
0% more funds holding
Funds holding: 1,858 [Q1] → 1,861 (+3) [Q2]
4% less capital invested
Capital invested by funds: $47.9B [Q1] → $46.1B (-$1.83B) [Q2]
3.38% less ownership
Funds ownership: 62.17% [Q1] → 58.79% (-3.38%) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
B of A Securities Lisa Lewandowski 75% 1-year accuracy 3 / 4 met price target | 6%upside $57 | Neutral Maintained | 4 Sept 2024 |
Barclays Gaurav Jain 67% 1-year accuracy 2 / 3 met price target | 20%downside $43 | Underweight Maintained | 14 Aug 2024 |
Stifel Matthew Smith 61% 1-year accuracy 20 / 33 met price target | 1%upside $54 | Buy Maintained | 1 Aug 2024 |
B of A Securities Lisa Lewandowski 75% 1-year accuracy 3 / 4 met price target | 11%downside $48 | Neutral Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 55 articles about MO published over the past 30 days