Stocks of Altria Group Inc (NYSE:MO) traded higher last session on Wall Street, down -0.95% to $53.34.
MO stock price is now 0.11% away from the 50-day moving average and 5.61% away from the 200-day moving average. The market capitalization of the company currently stands at $90.40B.
With the price target of $54, Morgan Stanley recently initiated with Equal-Weight rating for Altria Group Inc (NYSE: MO). On December 06, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $55 to quote $65, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $9.25 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 $112556851200, which is based on a 8.14 price-to-earnings ratio, a 2.08 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for MO is $53.366 and a two-hundred day moving average price translates $50.4586 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.
