Stocks of Altria Group Inc. (NYSE:MO) traded higher last session on Wall Street, up 0.65% to $43.26.
MO stock price is now 4.76% away from the 50-day moving average and 1.77% away from the 200-day moving average. The market capitalization of the company currently stands at $76.29B.
, while ‘UBS’ rates the stock as ‘Sell’
In other news, Davis Robert Matthews, Director bought 1,200 shares of the company’s stock on Nov 06 ’23. The stock was bought for $48,599 at an average price of $40.50. Upon completion of the transaction, the Director now directly owns 8,473 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’23, Director Clarke Ian L.T. bought 1,100 shares of the business’s stock. A total of $44,625 was incurred on buying the stock at an average price of $40.57. This leaves the insider owning 7,145 shares of the company worth $0.31 million. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, Altria Group Inc. has had a low of $39.06 and a high of $48.04. According to the stock market information, the enterprise value for the company is $98.34B, which is based on a 9.47 price-to-earnings ratio, a 3.38 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for MO is $41.29 and a two-hundred day moving average price translates $42.51 for the stock.
The latest earnings results from Altria Group Inc. (NYSE: MO) was released for Dec, 2023. According to the Tobacco Company, earnings per share came in at $1.09, beating analysts’ expectations of $1.08 by 0.01. This compares to $1.50 EPS in the same period last year. The company reported revenue of $5.97 billion for the quarter, compared to $6.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.23 percent. For the current quarter, analysts expect MO to generate $4.35B in revenue.
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 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. It sells its products to distributors, as well as large retail organizations, such as chain stores. The company was founded in 1822 and is headquartered in Richmond, Virginia.
