Altria Group (NYSE:MO) Stock Price Down 0.9%

Altria Group, Inc. (NYSE:MOGet Free Report) shares traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $42.14 and last traded at $42.54. 3,459,584 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 11,649,472 shares. The stock had previously closed at $42.93.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reissued a “sell” rating and issued a $36.10 price target on shares of Altria Group in a report on Tuesday, January 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price target on shares of Altria Group in a report on Monday, March 25th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Altria Group has an average rating of “Hold” and a consensus target price of $46.82.

View Our Latest Research Report on Altria Group

Altria Group Trading Down 1.8 %

The firm’s 50 day simple moving average is $41.64 and its 200-day simple moving average is $41.50. The stock has a market capitalization of $74.35 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.01. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.06 billion. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. Altria Group’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 5.08 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be paid a $0.98 dividend. The ex-dividend date is Friday, March 22nd. This represents a $3.92 dividend on an annualized basis and a yield of 9.30%. Altria Group’s dividend payout ratio (DPR) is currently 85.78%.

Altria Group declared that its Board of Directors has approved a share buyback plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Altria Group

A number of institutional investors have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its holdings in shares of Altria Group by 108,222.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,590,308 shares of the company’s stock worth $849,763,000 after acquiring an additional 18,573,146 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Altria Group by 4,665.6% during the 4th quarter. Van ECK Associates Corp now owns 3,972,259 shares of the company’s stock worth $160,241,000 after acquiring an additional 3,888,907 shares during the period. Barclays PLC lifted its holdings in shares of Altria Group by 84.1% during the 2nd quarter. Barclays PLC now owns 5,426,522 shares of the company’s stock worth $245,823,000 after acquiring an additional 2,478,576 shares during the period. Legal & General Group Plc lifted its holdings in shares of Altria Group by 24.9% during the 4th quarter. Legal & General Group Plc now owns 12,233,444 shares of the company’s stock worth $493,497,000 after acquiring an additional 2,436,172 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Altria Group by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 36,302,349 shares of the company’s stock worth $1,896,798,000 after acquiring an additional 2,178,596 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Company Profile

(Get Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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