Altria Group Inc (MO) Receives Consensus Rating of “Hold” from Brokerages

Altria Group Inc (NYSE:MO) has been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $72.86.

Several analysts have issued reports on the stock. Cowen reiterated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, September 20th. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of Altria Group in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, October 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th.

Shares of Altria Group (NYSE:MO) traded down $0.09 during mid-day trading on Monday, hitting $70.31. 6,050,000 shares of the company were exchanged, compared to its average volume of 7,160,000. The stock has a market cap of $134,160.00, a PE ratio of 8.79, a P/E/G ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. sell-side analysts anticipate that Altria Group will post 3.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is currently 33.00%.

Institutional investors have recently bought and sold shares of the company. Edgestream Partners L.P. grew its holdings in shares of Altria Group by 514.8% during the 1st quarter. Edgestream Partners L.P. now owns 117,438 shares of the company’s stock valued at $8,387,000 after purchasing an additional 98,337 shares during the last quarter. Sterling Investment Advisors Ltd. grew its holdings in shares of Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the last quarter. Fiduciary Trust Co. grew its holdings in shares of Altria Group by 20.6% during the 1st quarter. Fiduciary Trust Co. now owns 102,316 shares of the company’s stock valued at $7,307,000 after purchasing an additional 17,471 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Altria Group by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock valued at $11,079,000 after purchasing an additional 14,444 shares during the last quarter. Finally, Barings LLC grew its holdings in shares of Altria Group by 59.1% during the 1st quarter. Barings LLC now owns 82,839 shares of the company’s stock valued at $5,916,000 after purchasing an additional 30,769 shares during the last quarter. Hedge funds and other institutional investors own 62.64% 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.

Analyst Recommendations for Altria Group (NYSE:MO)

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