Altria Group Inc (NYSE:MO) has been given an average recommendation of “Hold” by the sixteen research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $60.08.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Morgan Stanley decreased their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Bank of America lifted their price target on shares of Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Goldman Sachs Group set a €135.00 ($156.98) price target on shares of SAP and gave the company a “buy” rating in a report on Friday. Finally, Citigroup set a $221.00 price target on shares of 3M and gave the company a “buy” rating in a report on Friday, April 26th.
In related news, SVP Jody L. Begley sold 3,250 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total transaction of $173,485.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total transaction of $104,960.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Country Trust Bank increased its stake in Altria Group by 86.9% during the 1st quarter. Country Trust Bank now owns 514 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. HMS Capital Management LLC bought a new stake in shares of Altria Group in the 2nd quarter worth $41,000. James Investment Research Inc. bought a new stake in shares of Altria Group in the 1st quarter worth $43,000. Clarfeld Financial Advisors LLC bought a new stake in shares of Altria Group in the 4th quarter worth $44,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Altria Group by 113.4% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 783 shares of the company’s stock worth $45,000 after acquiring an additional 416 shares in the last quarter. Institutional investors own 64.48% of the company’s stock.
Shares of NYSE MO traded up $0.21 during mid-day trading on Friday, reaching $49.47. 323,167 shares of the company were exchanged, compared to its average volume of 7,868,905. The firm’s 50-day moving average is $49.81. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.62 and a quick ratio of 0.39. The company has a market capitalization of $91.68 billion, a PE ratio of 12.41, a P/E/G ratio of 1.53 and a beta of 0.39. Altria Group has a twelve month low of $42.40 and a twelve month high of $66.04.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm earned $0.95 EPS. Altria Group’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts expect that Altria Group will post 4.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th were given a $0.80 dividend. The ex-dividend date was Thursday, June 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.47%. Altria Group’s dividend payout ratio (DPR) is currently 80.20%.
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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