Altria Group, Inc. (NYSE:MO) Receives $62.56 Average PT from Analysts

Shares of Altria Group, Inc. (NYSE:MOGet Free Report) have been given a consensus rating of “Hold” by the twelve analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $63.00.

MO has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th. Argus upgraded Altria Group to a “hold” rating in a research report on Tuesday, January 13th. Finally, UBS Group upped their target price on Altria Group from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Monday.

Check Out Our Latest Stock Report on MO

Altria Group Stock Performance

Altria Group stock opened at $59.78 on Friday. Altria Group has a fifty-two week low of $50.08 and a fifty-two week high of $68.60. The firm has a market capitalization of $100.34 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 3.49 and a beta of 0.47. The stock’s fifty day moving average is $59.01 and its two-hundred day moving average is $61.72.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.02). The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Altria Group had a negative return on equity of 319.43% and a net margin of 37.89%.Altria Group’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, sell-side analysts forecast that Altria Group will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, December 26th. Altria Group’s dividend payout ratio is currently 80.92%.

Altria Group announced that its board has approved a share repurchase plan on Thursday, October 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Key Headlines Impacting Altria Group

Here are the key news stories impacting Altria Group this week:

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after buying an additional 1,903,530 shares in the last quarter. State Street Corp boosted its position in Altria Group by 1.2% during the second quarter. State Street Corp now owns 72,367,263 shares of the company’s stock worth $4,315,438,000 after acquiring an additional 886,583 shares during the last quarter. Geode Capital Management LLC grew its stake in Altria Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 44,724,475 shares of the company’s stock worth $2,620,229,000 after acquiring an additional 764,221 shares during the period. Ameriprise Financial Inc. grew its stake in Altria Group by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,567,823 shares of the company’s stock worth $1,285,575,000 after acquiring an additional 3,172,753 shares during the period. Finally, Northern Trust Corp raised its holdings in Altria Group by 0.4% in the 3rd quarter. Northern Trust Corp now owns 16,705,159 shares of the company’s stock valued at $1,103,543,000 after acquiring an additional 59,189 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

About Altria Group

(Get Free Report)

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.

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Analyst Recommendations for Altria Group (NYSE:MO)

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