Shares of Altria Group Inc (NYSE:MO) have been assigned an average rating of “Hold” from the fourteen brokerages that are covering the stock. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $71.53.
MO has been the subject of a number of research analyst reports. Barclays PLC reiterated an “equal weight” rating and issued a $74.00 price target on shares of Altria Group in a report on Wednesday, March 29th. Vetr downgraded shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.75 target price for the company. in a report on Monday, January 23rd. Jefferies Group LLC set a $71.00 target price on shares of Altria Group and gave the company a “hold” rating in a report on Friday, February 17th. Berenberg Bank downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $76.00 target price for the company. in a report on Friday, February 3rd. Finally, Bank of America Corp raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $70.00 to $75.00 in a research note on Wednesday, January 4th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Counsel LLC boosted its stake in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares during the last quarter. Timber Creek Capital Management LLC acquired a new stake in Altria Group during the third quarter valued at about $113,000. Advantage Investment Management LLC acquired a new stake in Altria Group during the fourth quarter valued at about $116,000. CLS Investments LLC boosted its stake in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock valued at $120,000 after buying an additional 1,272 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Altria Group during the first quarter valued at about $134,000. Hedge funds and other institutional investors own 60.77% of the company’s stock.
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Shares of Altria Group (NYSE:MO) traded up 0.32% during midday trading on Tuesday, reaching $71.64. 2,788,142 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $73.69 and its 200 day moving average is $68.68. The firm has a market cap of $138.98 billion, a PE ratio of 9.84 and a beta of 0.61. Altria Group has a one year low of $59.48 and a one year high of $76.54.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The business earned $5.45 billion during the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a net margin of 55.31% and a return on equity of 109.95%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. Analysts anticipate that Altria Group will post $3.29 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Wednesday, March 15th were given a $0.61 dividend. The ex-dividend date was Monday, March 13th. This represents a $2.44 annualized dividend and a dividend yield of 3.42%. Altria Group’s dividend payout ratio is presently 33.47%.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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