Altria Group Inc. (NYSE:MO) shares traded -1.03% lower at $45.09 on Wall Street last session.
In accordance with the data, 18 analysts cover Altria Group Inc. (NYSE:MO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $37.00, we find $50.00. Given the previous closing price of $45.56, this indicates a potential upside of 9.75 percent. MO stock price is now -1.59% away from the 50-day moving average and -0.53% away from the 200-day moving average. The market capitalization of the company currently stands at $80.49B.
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It has been rated a hold by 10 analysts and a buy by 5. Brokers who have rated the stock have averaged $49.62 as their price target over the next twelve months.
On November 10, 2022, UBS Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $38, while ‘Barclays’ rates the stock as ‘Underweight’.
Insiders disposed of 102,445 shares of company stock worth roughly $4.62 million over the past 1 year. A total of 0.09% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MO stock. A new stake in Altria Group Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $87,863,000. POINT72 ASSET MANAGEMENT, L.P. invested $39,909,000 in shares of MO during the first quarter. In the first quarter, KEHRS RIDGE CAPITAL,LLC acquired a new stake in Altria Group Inc. valued at approximately $18,712,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in MO for approximately $15,802,000. P SCHOENFELD ASSET MANAGEMENT LP purchased a new stake in MO valued at around $12,264,000 in the second quarter.
During the past 12 months, Altria Group Inc. has had a low of $40.35 and a high of $54.89. According to the stock market information, the enterprise value for the company is $106.28B, which is based on a 14.49 price-to-earnings ratio, a 3.69 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for MO is $45.78 and a two-hundred day moving average price translates $45.34 for the stock.
The latest earnings results from Altria Group Inc. (NYSE: MO) was released for Mar, 2023. According to the Tobacco Company, earnings per share came in at $1.18, inline with analysts’ expectations of $1.18. This compares to $1.08 EPS in the same period last year. The net profit margin was 22.40% and return on equity was -154.10% for MO. The company reported revenue of $5.72 billion for the quarter, compared to $5.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.94 percent. For the current quarter, analysts expect MO to generate $5.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/28/2023. Investors who held shares on 03/24/2023 were paid a $0.94 dividend. On an annualized basis, this represents a $3.76 dividend and a 8.34% percent yield. There was an ex-dividend date of 03/23/2023 for this dividend. In terms of dividend payout ratio, MO is presently at 119.50%.
Altria Group Inc.(MO) Company Profile
Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches. It sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores. The company was founded in 1822 and is headquartered in Richmond, Virginia.
