Altria Group Inc. (NYSE:MO) shares traded 0.23% higher at $42.71 on Wall Street last session.
In accordance with the data, 16 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 $48.00. Given the previous closing price of $42.61, this indicates a potential upside of 12.65 percent. MO stock price is now -0.86% away from the 50-day moving average and -4.97% away from the 200-day moving average. The market capitalization of the company currently stands at $75.79B.
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It has been rated a hold by 8 analysts and a buy by 5. Brokers who have rated the stock have averaged $48.89 as their price target over the next twelve months.
Insiders disposed of 101,426 shares of company stock worth roughly $4.33 million over the past 1 year. A total of 0.12% 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 ADAMS DIVERSIFIED EQUITY FUND, INC. during the first quarter worth $13,513,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. invested $10,450,000 in shares of MO during the first quarter. In the first quarter, GRANITE BAY WEALTH MANAGEMENT, LLC acquired a new stake in Altria Group Inc. valued at approximately $6,921,000. EA SERIES TRUST acquired a new stake in MO for approximately $5,198,000. COMMONWEALTH RETIREMENT INVESTMENTS LLC purchased a new stake in MO valued at around $4,999,000 in the second quarter. In total, there are 2,257 active investors with 59.55% ownership of the company’s stock.
Altria Group Inc. (NYSE: MO) opened at $42.54 on Friday. During the past 12 months, Altria Group Inc. has had a low of $40.91 and a high of $48.99. According to the stock market information, the enterprise value for the company is $102.11B, which is based on a 11.22 price-to-earnings ratio, a 3.15 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for MO is $43.06 and a two-hundred day moving average price translates $44.93 for the stock.
The latest earnings results from Altria Group Inc. (NYSE: MO) was released for Jun, 2023. According to the Tobacco Company, earnings per share came in at $1.31, beating analysts’ expectations of $1.3 by 0.01. This compares to $0.49 EPS in the same period last year. The company reported revenue of $6.51 billion for the quarter, compared to $6.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.53 percent. For the current quarter, analysts expect MO to generate $5.43B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/10/2023. Investors who held shares on 06/15/2023 were paid a $0.94 dividend. On an annualized basis, this represents a $3.85 dividend and a 9.01% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, MO is presently at 115.44%.
