Altria Group Inc (NYSE:MO) has earned an average rating of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $66.72.
A number of research firms recently issued reports on MO. Sanford C. Bernstein began coverage on Altria Group in a report on Tuesday, October 16th. They set a “market perform” rating for the company. Morgan Stanley cut Altria Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 22nd. ValuEngine upgraded Altria Group from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Citigroup cut Altria Group from a “neutral” rating to a “sell” rating in a report on Friday, December 21st. Finally, Cowen cut Altria Group from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th.
NYSE:MO traded up $0.62 during trading hours on Tuesday, reaching $49.51. The stock had a trading volume of 399,537 shares, compared to its average volume of 14,027,854. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09. Altria Group has a 52 week low of $42.40 and a 52 week high of $66.53. The company has a market cap of $92.36 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.46 and a beta of 0.36.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.95. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, analysts anticipate that Altria Group will post 4.2 EPS for the current year.
A number of large investors have recently made changes to their positions in MO. Litman Gregory Asset Management LLC purchased a new stake in Altria Group during the 4th quarter valued at about $30,000. Clean Yield Group purchased a new stake in Altria Group during the 4th quarter valued at about $32,000. Transamerica Financial Advisors Inc. grew its stake in Altria Group by 627.6% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock valued at $36,000 after purchasing an additional 615 shares during the last quarter. Massey Quick Simon & CO. LLC grew its stake in Altria Group by 631.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,097 shares of the company’s stock valued at $54,000 after purchasing an additional 947 shares during the last quarter. Finally, Alpha Windward LLC grew its stake in Altria Group by 1,556.7% during the 4th quarter. Alpha Windward LLC now owns 1,110 shares of the company’s stock valued at $55,000 after purchasing an additional 1,043 shares during the last quarter. 65.70% of the stock is currently owned by institutional investors.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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