Altria Group (MO)

• Market cap: $87.7B
• 1 day: -1.26%
• 5 days: -3.94%
• 1 month: -9.55%
• 3 months: 1.33%
• 6 months: 12.36%
• Year to date: 24.39%
• 1 year: 24.39%
• 5 years: 3.67%
• 10 years: 3.79%
• Sector: Consumer Staples
• Industry: Cigarettes

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 Q3 regulatory filings by fund managers ($100M+ AUM)

54% more first-time investments, than exits

New positions opened: 183 | Existing positions closed: 119

10% more capital invested

Capital invested by funds: $47.4B [Q2] → $52.4B (+$4.97B) [Q3]

3% more funds holding

Funds holding: 1,885 [Q2] → 1,949 (+64) [Q3]

0.45% less ownership

Funds ownership: 60.53% [Q2] → 60.08% (-0.45%) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 730 | Existing positions reduced: 756

6% less funds holding in top 10

Funds holding in top 10: 17 [Q2] → 16 (-1) [Q3]

17% less call options, than puts

Call options by funds: $676M | Put options by funds: $813M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $46 11% downside
• Avg. target: $56 8% upside
• High target: $65 26% upside

5 analyst ratings

• positive: 3 60%
• neutral: 1 20%
• negative: 1 20%

B of A Securities Lisa Lewandowski 50% 1-year accuracy 2 / 4 met price target	26% upside $65	Buy Upgraded	6 Dec 2024
Barclays Gaurav Jain 57% 1-year accuracy 4 / 7 met price target	11% downside $46	Underweight Maintained	6 Nov 2024
Deutsche Bank Gerry Gallagher 0% 1-year accuracy 0 / 1 met price target	16% upside $60	Buy Maintained	1 Nov 2024
Stifel Matthew Smith 50% 1-year accuracy 16 / 32 met price target	16% upside $60	Buy Maintained	1 Nov 2024
Citigroup Adam Spielman 0 / 0 met price target	7% downside $48	Neutral Maintained	8 Oct 2024