Stocks of Altria Group Inc (NYSE:MO) traded higher last session on Wall Street, up 1.55% to $58.16.
MO stock price is now 3.03% away from the 50-day moving average and 9.59% away from the 200-day moving average. The market capitalization of the company currently stands at $98.08B.
On January 16, 2025, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $54, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Whitaker Charles N., Sr. VP, Chief HR Off. & CCO sold 22,487 shares of the company’s stock on May 02 ’24. The stock was sold for $988,360 at an average price of $43.95. Upon completion of the transaction, the Sr. VP, Chief HR Off. & CCO now directly owns 173,485 shares in the company, valued at $10.09 million. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, Altria Group Inc has had a low of $40.74 and a high of $60.18. According to the stock market information, the enterprise value for the company is $120177876992, which is based on a 8.88 price-to-earnings ratio, a 2.55 price-to-earnings-growth ratio, and a beta of 0.64. The fifty day moving average price for MO is $56.4506 and a two-hundred day moving average price translates $53.07225 for the stock.
The latest earnings results from Altria Group Inc (NYSE: MO) was released for 2024-12-31. The company reported revenue of $5.97 billion for the quarter, compared to $5.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.02 percent.
