Altria Group, Inc. (NYSE:MO) Receives $46.90 Consensus PT from Analysts

Shares of Altria Group, Inc. (NYSE:MOGet Free Report) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $46.90.

Several equities analysts have recently weighed in on the stock. Argus upgraded shares of Altria Group to a “hold” rating in a report on Friday, May 31st. UBS Group lifted their price objective on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a report on Monday, April 8th. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, April 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Altria Group in a research note on Monday, March 25th.

Get Our Latest Analysis on Altria Group

Altria Group Trading Up 0.0 %

NYSE MO opened at $46.69 on Tuesday. The firm has a market capitalization of $80.20 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. The business’s 50-day moving average price is $43.95 and its two-hundred day moving average price is $42.28. Altria Group has a 12 month low of $39.06 and a 12 month high of $47.19.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts forecast that Altria Group will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.40%. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Insiders Place Their Bets

In related news, VP Charles N. Whitaker sold 22,487 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total value of $988,303.65. Following the transaction, the vice president now directly owns 173,485 shares in the company, valued at $7,624,665.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in Altria Group by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 44,456,064 shares of the company’s stock valued at $1,857,271,000 after acquiring an additional 840,559 shares during the period. Northern Trust Corp boosted its stake in shares of Altria Group by 0.3% during the third quarter. Northern Trust Corp now owns 16,609,568 shares of the company’s stock valued at $698,432,000 after purchasing an additional 42,490 shares during the period. Capital Research Global Investors grew its holdings in shares of Altria Group by 1.9% in the fourth quarter. Capital Research Global Investors now owns 13,279,658 shares of the company’s stock worth $535,701,000 after purchasing an additional 242,442 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Altria Group by 17.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,259,451 shares of the company’s stock worth $373,526,000 after buying an additional 1,343,094 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Altria Group by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,174,355 shares of the company’s stock valued at $381,278,000 after buying an additional 722,258 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Company Profile

(Get Free Report

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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Analyst Recommendations for Altria Group (NYSE:MO)

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