Altria Group Inc (NYSE:MO) – Equities research analysts at Jefferies Financial Group cut their FY2018 earnings per share (EPS) estimates for shares of Altria Group in a report released on Thursday, November 29th. Jefferies Financial Group analyst O. Bennett now expects that the company will post earnings of $3.99 per share for the year, down from their previous forecast of $4.00. Jefferies Financial Group currently has a “Hold” rating and a $56.00 target price on the stock. Jefferies Financial Group also issued estimates for Altria Group’s FY2019 earnings at $4.19 EPS, FY2020 earnings at $4.56 EPS and FY2021 earnings at $4.84 EPS.
MO has been the subject of several other research reports. Argus increased their price objective on shares of Altria Group from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Sanford C. Bernstein started coverage on shares of Altria Group in a research report on Tuesday, October 23rd. They set a “market perform” rating for the company. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Wells Fargo & Co reissued an “outperform” rating on shares of Altria Group in a research report on Monday, November 12th. Finally, Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.08.
Shares of MO stock opened at $55.94 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. Altria Group has a 12-month low of $52.90 and a 12-month high of $74.38. The firm has a market cap of $103.25 billion, a PE ratio of 16.55, a P/E/G ratio of 1.56 and a beta of 0.40.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.22 billion.
Institutional investors have recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new position in Altria Group in the third quarter valued at $103,000. IMA Wealth Inc. bought a new position in Altria Group in the second quarter valued at $106,000. BDO Wealth Advisors LLC lifted its stake in Altria Group by 165.5% in the second quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock valued at $126,000 after acquiring an additional 1,385 shares during the last quarter. Landaas & Co. WI ADV acquired a new stake in Altria Group in the second quarter valued at $137,000. Finally, New England Asset Management Inc. acquired a new stake in Altria Group in the second quarter valued at $138,000. 63.79% of the stock is owned by institutional investors and hedge funds.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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