Altria Group, Inc. (NYSE:MO) Given Average Recommendation of “Buy” by Brokerages

Altria Group, Inc. (NYSE:MO) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $51.10.

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $56.00 target price on shares of Altria Group in a research note on Friday, April 16th. Argus reiterated a “hold” rating on shares of Altria Group in a research note on Tuesday, May 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, March 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating and issued a $46.00 price target on shares of Altria Group in a research report on Monday, March 22nd. Finally, Piper Sandler reissued a “buy” rating and issued a $57.00 price target on shares of Altria Group in a research report on Monday, April 5th.

In other news, Director Ellen R. Strahlman acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, May 26th. The stock was bought at an average price of $49.59 per share, with a total value of $99,180.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.07% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in shares of Altria Group by 47.8% during the first quarter. Meeder Asset Management Inc. now owns 22,548 shares of the company’s stock valued at $1,154,000 after purchasing an additional 7,290 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Altria Group by 1.0% during the first quarter. Commonwealth Equity Services LLC now owns 1,422,393 shares of the company’s stock valued at $72,769,000 after purchasing an additional 13,800 shares during the last quarter. CI Investments Inc. grew its stake in shares of Altria Group by 193.2% during the fourth quarter. CI Investments Inc. now owns 191,256 shares of the company’s stock valued at $7,841,000 after purchasing an additional 126,029 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Altria Group during the fourth quarter valued at approximately $1,528,000. Finally, Regentatlantic Capital LLC grew its stake in shares of Altria Group by 29.0% during the fourth quarter. Regentatlantic Capital LLC now owns 46,926 shares of the company’s stock valued at $1,924,000 after purchasing an additional 10,541 shares during the last quarter. 60.65% of the stock is owned by institutional investors.

MO stock opened at $49.95 on Friday. The company has a debt-to-equity ratio of 9.41, a current ratio of 0.80 and a quick ratio of 0.61. The company’s 50-day moving average price is $49.60. Altria Group has a 52-week low of $35.83 and a 52-week high of $52.59. The company has a market capitalization of $92.44 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.76 and a beta of 0.61.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Altria Group had a net margin of 16.80% and a return on equity of 215.81%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts forecast that Altria Group will post 4.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend is Monday, June 14th. Altria Group’s payout ratio is 78.90%.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, oral tobacco 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, as well as provides on! oral nicotine pouches.

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Analyst Recommendations for Altria Group (NYSE:MO)

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