Altria Group Inc (NYSE:MO) has earned an average rating of “Hold” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $60.08.
MO has been the subject of several research reports. Bank of America lifted their price objective on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Morgan Stanley reduced their price objective on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. TheStreet cut 22nd Century Group from a “c-” rating to a “d+” rating in a report on Friday, March 29th. Goldman Sachs Group set a €135.00 ($156.98) price objective on SAP and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Zacks Investment Research cut Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th.
NYSE:MO traded down $0.25 during mid-day trading on Friday, reaching $49.16. 116,502 shares of the stock were exchanged, compared to its average volume of 7,966,780. The company has a 50 day moving average of $49.52. The firm has a market capitalization of $92.69 billion, a PE ratio of 12.33, a P/E/G ratio of 1.55 and a beta of 0.39. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.62 and a quick ratio of 0.39. Altria Group has a 1 year low of $42.40 and a 1 year high of $66.04.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts expect that Altria Group will post 4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 14th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Thursday, June 13th. Altria Group’s payout ratio is currently 80.20%.
In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total transaction of $104,960.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jody L. Begley sold 3,250 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total value of $173,485.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Country Trust Bank lifted its stake in shares of Altria Group by 86.9% in the first quarter. Country Trust Bank now owns 514 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. HMS Capital Management LLC bought a new stake in Altria Group in the second quarter valued at about $41,000. James Investment Research Inc. bought a new stake in Altria Group in the first quarter valued at about $43,000. Clarfeld Financial Advisors LLC bought a new position in shares of Altria Group during the fourth quarter valued at approximately $44,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Altria Group by 113.4% during the first quarter. Creative Financial Designs Inc. ADV now owns 783 shares of the company’s stock valued at $45,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 64.47% of the company’s stock.
About Altria Group
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.
Featured Article: How to calculate the annual rate of depreciation
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.