Altria Group (NYSE:MO) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $72.66.
A number of equities research analysts recently weighed in on MO shares. Jefferies Group set a $67.00 price target on Altria Group and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub cut Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a report on Wednesday, September 6th. Cowen reaffirmed a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of Altria Group in a report on Tuesday, October 3rd.
Altria Group (MO) traded down $0.53 during mid-day trading on Thursday, reaching $71.79. The company had a trading volume of 8,986,878 shares, compared to its average volume of 6,800,426. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The firm has a market cap of $136,855.39, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.93 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.68%. Altria Group’s payout ratio is 33.04%.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Cadinha & Co. LLC boosted its position in shares of Altria Group by 34.8% in the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after purchasing an additional 2,401 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Altria Group by 164.9% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after buying an additional 152,121 shares during the period. LMR Partners LLP acquired a new stake in Altria Group during the 2nd quarter worth $1,120,000. Teacher Retirement System of Texas raised its stake in Altria Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after buying an additional 76,988 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in Altria Group by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after buying an additional 14,444 shares during the period. Institutional investors and hedge funds own 62.70% of the company’s stock.
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About Altria Group
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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