Shares of Altria Group Inc (NYSE:MO) have received an average recommendation of “Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $50.36.
MO has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 6th. Citigroup upped their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of Altria Group in a research report on Monday, June 8th. Piper Sandler reaffirmed a “buy” rating and set a $57.00 price objective on shares of Altria Group in a research report on Tuesday, July 7th. Finally, Deutsche Bank upped their price objective on shares of Altria Group from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd.
Several institutional investors have recently added to or reduced their stakes in the company. Balentine LLC purchased a new stake in shares of Altria Group during the 1st quarter valued at $75,000. Empirical Finance LLC increased its holdings in Altria Group by 3.7% in the 2nd quarter. Empirical Finance LLC now owns 6,985 shares of the company’s stock worth $274,000 after acquiring an additional 249 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Altria Group by 2.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 330,463 shares of the company’s stock worth $12,970,000 after acquiring an additional 8,802 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Altria Group by 44.2% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,906 shares of the company’s stock worth $74,000 after acquiring an additional 584 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Altria Group by 3.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,755,517 shares of the company’s stock worth $108,154,000 after acquiring an additional 88,674 shares during the last quarter. 63.59% of the stock is owned by institutional investors.
MO traded down $0.24 during trading on Friday, reaching $43.41. The company had a trading volume of 173,964 shares, compared to its average volume of 6,606,322. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.75 and a quick ratio of 0.54. Altria Group has a 12 month low of $30.95 and a 12 month high of $52.45. The company has a market cap of $80.32 billion, a P/E ratio of -83.11, a PEG ratio of 2.01 and a beta of 0.43. The business’s fifty day moving average price is $41.28 and its 200 day moving average price is $40.49.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03. Altria Group had a negative net margin of 3.57% and a positive return on equity of 109.11%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Altria Group will post 4.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be paid a $0.86 dividend. The ex-dividend date is Monday, September 14th. This represents a $3.44 annualized dividend and a dividend yield of 7.92%. This is an increase from Altria Group’s previous quarterly dividend of $0.84. Altria Group’s dividend payout ratio is currently 79.62%.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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