Altria Group, Inc. (NYSE:MO – Get Free Report)’s stock price rose 1% on Thursday after the company announced a dividend. The company traded as high as $72.45 and last traded at $72.29. Approximately 8,607,491 shares were traded during trading, a decline of 14% from the average daily volume of 10,004,285 shares. The stock had previously closed at $71.54.
The newly announced dividend which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Monday, June 15th. Altria Group’s dividend payout ratio is 88.70%.
Analysts Set New Price Targets
MO has been the topic of a number of research reports. Morgan Stanley set a $71.00 price target on Altria Group in a research note on Friday, May 1st. UBS Group upped their price target on Altria Group from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft upped their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Citigroup increased their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group increased their price objective on Altria Group from $47.00 to $50.00 and gave the company an “underperform” rating in a research note on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.33.
Altria Group Price Performance
The firm has a market capitalization of $122.00 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 2.71 and a beta of 0.48. The firm has a 50 day moving average price of $67.02 and a 200-day moving average price of $63.05.
Altria Group (NYSE:MO – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Altria Group had a negative return on equity of 298.69% and a net margin of 34.34%.Altria Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.68 earnings per share for the current year.
Insider Buying and Selling
In related news, SVP Charles N. Whitaker sold 27,908 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $67.57, for a total value of $1,885,743.56. Following the transaction, the senior vice president owned 180,869 shares of the company’s stock, valued at $12,221,318.33. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Altria Group
Large investors have recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Altria Group by 86.3% during the second quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after purchasing an additional 2,946 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Altria Group by 6.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock worth $565,000 after purchasing an additional 618 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Altria Group during the second quarter worth about $346,000. Finally, AXA S.A. purchased a new position in shares of Altria Group during the second quarter worth about $5,752,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Altria Group Company Profile
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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