Altria Group Inc (NYSE:MO) has received a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $73.66.
Several research firms have recently commented on MO. Berenberg Bank restated a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Vetr upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.45 price objective for the company in a research note on Monday, February 5th. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $70.04 to $70.00 in a research note on Friday, January 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 price objective (down from $65.00) on shares of Altria Group in a research note on Monday, February 5th. Finally, Wells Fargo & Co upped their price objective on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th.
In other news, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the completion of the transaction, the chief executive officer now owns 64,809 shares in the company, valued at $4,315,631.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Balentine LLC grew its position in shares of Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares in the last quarter. Taylor Hoffman Wealth Management purchased a new position in shares of Altria Group during the fourth quarter valued at about $120,000. Oak Point Wealth Management purchased a new position in shares of Altria Group during the fourth quarter valued at about $120,000. INR Advisory Services LLC bought a new position in shares of Altria Group in the 2nd quarter valued at about $134,000. Finally, Quantum Capital Management LLC NJ bought a new position in shares of Altria Group in the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.
Altria Group (NYSE MO) traded down $1.43 during trading hours on Tuesday, hitting $64.00. The stock had a trading volume of 8,860,103 shares, compared to its average volume of 7,792,743. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31. The stock has a market cap of $122,030.00, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.53. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. Altria Group’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. research analysts anticipate that Altria Group will post 3.99 earnings per share for the current year.
Altria Group announced that its Board of Directors has initiated a share buyback program on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
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Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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