Stocks of Altria Group Inc (NYSE:MO) traded higher last session on Wall Street, down -0.66% to $55.49.
MO stock price is now 4.33% away from the 50-day moving average and 14.77% away from the 200-day moving average. The market capitalization of the company currently stands at $94.05B.
With the price target enhanced from $55 to $65, BofA Securities Upgraded its rating from Neutral to Buy for Altria Group Inc (NYSE: MO). On October 08, 2024, Citigroup reiterated its ‘Neutral’ rating on the stock by increasing its target price from $44.50 to quote $48, while ‘UBS’ rates the stock as ‘Sell’
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 $9.63 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Altria Group Inc has had a low of $39.25 and a high of $58.03. According to the stock market information, the enterprise value for the company is $117980250112, which is based on a 9.37 price-to-earnings ratio, a 2.25 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for MO is $53.0982 and a two-hundred day moving average price translates $48.2766 for the stock.
The latest earnings results from Altria Group Inc (NYSE: MO) was released for 2024-09-30. The company reported revenue of $6.26 billion for the quarter, compared to $6.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.35 percent. For the current quarter, analysts expect MO to generate $5.04B in revenue.
