Altria Group Inc (NYSE:MO) has been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $60.08.
Several research firms recently weighed in on MO. ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Morgan Stanley cut their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. TheStreet lowered 22nd Century Group from a “c-” rating to a “d+” rating in a research report on Friday, March 29th. Bank of America raised their price objective on Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Citigroup set a $221.00 price objective on 3M and gave the company a “buy” rating in a research report on Friday, April 26th.
NYSE:MO traded up $0.21 during trading hours on Friday, hitting $49.47. The company had a trading volume of 323,167 shares, compared to its average volume of 7,868,905. The firm has a market cap of $91.68 billion, a P/E ratio of 12.41, a PEG ratio of 1.53 and a beta of 0.39. The company’s 50-day simple moving average is $49.81. Altria Group has a 52 week low of $42.40 and a 52 week high of $66.04. The company has a quick ratio of 0.39, a current ratio of 0.62 and a debt-to-equity ratio of 1.92.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.60 billion. Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. On average, sell-side analysts forecast that Altria Group will post 4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 6.47%. The ex-dividend date was Thursday, June 13th. Altria Group’s dividend payout ratio is currently 80.20%.
In other news, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total value of $173,485.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Intellectus Partners LLC grew its stake in shares of Altria Group by 3.7% during the 4th quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock valued at $300,000 after purchasing an additional 211 shares during the period. Abner Herrman & Brock LLC grew its stake in shares of Altria Group by 2.3% during the 1st quarter. Abner Herrman & Brock LLC now owns 9,426 shares of the company’s stock valued at $541,000 after purchasing an additional 213 shares during the period. Riverview Trust Co grew its stake in shares of Altria Group by 7.5% during the 1st quarter. Riverview Trust Co now owns 3,084 shares of the company’s stock valued at $177,000 after purchasing an additional 214 shares during the period. Wiley BROS. Aintree Capital LLC grew its stake in shares of Altria Group by 3.5% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 6,535 shares of the company’s stock valued at $375,000 after purchasing an additional 222 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in shares of Altria Group by 4.7% during the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,124 shares of the company’s stock valued at $294,000 after purchasing an additional 229 shares during the period. 64.48% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: What Are Cryptocurrencies?
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.