Altria Group Target of Unusually Large Options Trading (MO)
Shares of Altria Group (NYSE:MO) saw unusually large options trading on Monday. Investors bought 5,750 put options on the stock, American Banking and Market News reports. This represents an increase of 117% compared to the average daily volume of 2,655 put options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Altria Group in a research note to investors on Tuesday, October 8th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Altria Group from $45.00 to $51.00 in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.44.
Altria Group (NYSE:MO) traded up 0.56% on Monday, hitting $35.74. The stock had a trading volume of 4,290,901 shares. Altria Group has a one year low of $30.01 and a one year high of $37.61. The stock has a 50-day moving average of $34.7 and a 200-day moving average of $35.50. The company has a market cap of $71.551 billion and a price-to-earnings ratio of 16.24.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter 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.
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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