Altria Group Inc (NYSE:MO) Receives Consensus Recommendation of “Hold” from Analysts

Altria Group Inc (NYSE:MO) has earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $53.29.

MO has been the topic of several research analyst reports. Barclays set a $50.00 price objective on shares of Altria Group and gave the company a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada set a $68.00 price objective on shares of Altria Group and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley set a $44.00 price objective on shares of Altria Group and gave the company a “hold” rating in a report on Tuesday, September 24th. Piper Jaffray Companies set a $49.00 price objective on shares of Altria Group and gave the company a “hold” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Altria Group in a report on Tuesday, October 15th.

Shares of NYSE MO traded down $0.11 during trading on Thursday, hitting $46.72. 3,268,742 shares of the company were exchanged, compared to its average volume of 9,007,109. Altria Group has a 12-month low of $39.30 and a 12-month high of $60.68. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.27 and a current ratio of 0.56. The company has a fifty day moving average price of $43.87 and a 200-day moving average price of $47.36. The firm has a market capitalization of $86.70 billion, a PE ratio of 11.71, a P/E/G ratio of 1.72 and a beta of 0.41.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.34 billion. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. Research analysts anticipate that Altria Group will post 4.21 earnings per share for the current fiscal year.

Altria Group declared that its board has authorized a stock repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 1.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MO. Vanguard Group Inc. lifted its stake in Altria Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 147,103,311 shares of the company’s stock worth $6,965,342,000 after purchasing an additional 525,023 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Altria Group by 2.8% during the second quarter. Janus Henderson Group PLC now owns 18,731,425 shares of the company’s stock worth $886,937,000 after purchasing an additional 514,526 shares during the last quarter. Invesco Ltd. lifted its stake in Altria Group by 5.3% during the second quarter. Invesco Ltd. now owns 16,374,473 shares of the company’s stock worth $775,331,000 after purchasing an additional 817,834 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Altria Group by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,453,582 shares of the company’s stock worth $684,378,000 after purchasing an additional 552,118 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Altria Group by 11.0% during the second quarter. Morgan Stanley now owns 8,811,852 shares of the company’s stock worth $417,241,000 after purchasing an additional 870,944 shares during the last quarter. 63.26% of the stock is owned by institutional investors.

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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Analyst Recommendations for Altria Group (NYSE:MO)

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