Altria Group Inc (NYSE:MO) – Piper Jaffray Companies reduced their Q4 2018 EPS estimates for Altria Group in a research report issued to clients and investors on Monday, January 7th. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will earn $0.91 per share for the quarter, down from their previous estimate of $0.92. Piper Jaffray Companies has a “Buy” rating and a $75.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Altria Group’s Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.04 EPS, Q1 2020 earnings at $1.07 EPS, Q2 2020 earnings at $1.13 EPS, Q3 2020 earnings at $1.22 EPS, Q4 2020 earnings at $1.12 EPS and FY2020 earnings at $4.53 EPS.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.22 billion.
Shares of Altria Group stock opened at $48.86 on Wednesday. Altria Group has a 1 year low of $46.49 and a 1 year high of $71.86. The stock has a market capitalization of $94.52 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.37 and a beta of 0.46. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Investors of record on Wednesday, December 26th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, December 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.55%. Altria Group’s payout ratio is presently 94.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Altria Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after purchasing an additional 1,107,891 shares during the last quarter. Vanguard Group Inc boosted its position in Altria Group by 0.8% during the third quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after purchasing an additional 1,107,891 shares during the last quarter. BlackRock Inc. boosted its position in Altria Group by 1.8% during the third quarter. BlackRock Inc. now owns 141,022,748 shares of the company’s stock valued at $8,505,083,000 after purchasing an additional 2,433,533 shares during the last quarter. FMR LLC boosted its position in Altria Group by 10.3% during the third quarter. FMR LLC now owns 41,106,747 shares of the company’s stock valued at $2,479,149,000 after purchasing an additional 3,842,889 shares during the last quarter. Finally, Capital International Investors boosted its position in Altria Group by 698.6% during the third quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock valued at $1,929,445,000 after purchasing an additional 27,986,154 shares during the last quarter. 64.38% 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.
See Also: Liquidity
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