Analysts Set Altria Group, Inc. (NYSE:MO) Target Price at $46.90

Shares of Altria Group, Inc. (NYSE:MOGet Free Report) have been given an average rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $46.90.

A number of analysts recently issued reports on the company. UBS Group increased their target price on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. StockNews.com downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research report on Monday, March 25th. Finally, Argus upgraded Altria Group to a “hold” rating in a report on Friday, May 31st.

Get Our Latest Analysis on Altria Group

Altria Group Stock Performance

Shares of NYSE:MO opened at $46.51 on Tuesday. The company has a 50 day moving average price of $44.08 and a two-hundred day moving average price of $42.38. The company has a market capitalization of $79.89 billion, a PE ratio of 9.73, a PEG ratio of 2.88 and a beta of 0.64. Altria Group has a 52 week low of $39.06 and a 52 week high of $47.19.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the business posted $1.18 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Altria Group will post 5.11 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 8.43%. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Insider Activity

In related news, VP Charles N. Whitaker sold 22,487 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total transaction of $988,303.65. Following the sale, the vice president now owns 173,485 shares in the company, valued at $7,624,665.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Altria Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Altria Group by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 44,456,064 shares of the company’s stock worth $1,857,271,000 after acquiring an additional 840,559 shares during the period. Northern Trust Corp increased its holdings in shares of Altria Group by 0.3% in the third quarter. Northern Trust Corp now owns 16,609,568 shares of the company’s stock valued at $698,432,000 after purchasing an additional 42,490 shares during the last quarter. Capital Research Global Investors raised its position in shares of Altria Group by 1.9% in the fourth quarter. Capital Research Global Investors now owns 13,279,658 shares of the company’s stock valued at $535,701,000 after purchasing an additional 242,442 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Altria Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,259,451 shares of the company’s stock worth $373,526,000 after buying an additional 1,343,094 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Altria Group by 8.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,174,355 shares of the company’s stock valued at $381,278,000 after buying an additional 722,258 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

About Altria Group

(Get Free Report

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

Further Reading

Analyst Recommendations for Altria Group (NYSE:MO)

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