Altria Group Sees Unusually Large Options Volume (MO)
Shares of Altria Group (NYSE:MO) was the target of some unusual options trading activity on Monday. Investors bought 12,272 put options on the company, Analyst Ratings Network reports. This represents an increase of approximately 143% compared to the typical volume of 5,052 put options.
MO has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Altria Group (NYSE:MO) in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Altria Group (NYSE:MO) in a research note to investors on Wednesday, September 11th. They now have a $37.00 price target on the stock.
Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.00.
Altria Group (NYSE:MO) traded up 0.65% during mid-day trading on Tuesday, hitting $35.3568. The stock had a trading volume of 6,691,873 shares. Altria Group has a 52 week low of $30.01 and a 52 week high of $37.61. The stock’s 50-day moving average is $34.67 and its 200-day moving average is $35.37. The company has a market cap of $70.784 billion and a price-to-earnings ratio of 16.06.
Altria Group (NYSE:MO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Altria Group will post $2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Thursday, September 12th. This is a boost from Altria Group’s previous quarterly dividend of $0.44.
Altria Group, Inc is a holding company. At December 31, 2012, Altria Group, Inc’s direct and indirect wholly owned subsidiaries included Philip Morris USA Inc (NYSE:MO), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly owned subsidiaries, including U.
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