Altria Group Inc (NYSE:MO) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $54.43.
Several equities analysts recently weighed in on MO shares. ValuEngine downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Argus set a $60.00 price objective on Altria Group and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Altria Group in a research note on Tuesday, October 15th. Barclays set a $50.00 price objective on Altria Group and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Piper Jaffray Companies set a $49.00 price objective on Altria Group and gave the company a “hold” rating in a research note on Monday, September 30th.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Altria Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 147,103,311 shares of the company’s stock worth $6,965,342,000 after buying an additional 525,023 shares in the last quarter. State Street Corp boosted its holdings in shares of Altria Group by 6.6% during the third quarter. State Street Corp now owns 78,832,176 shares of the company’s stock worth $3,286,972,000 after purchasing an additional 4,850,215 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Altria Group by 2.8% during the second quarter. Janus Henderson Group PLC now owns 18,731,425 shares of the company’s stock worth $886,937,000 after purchasing an additional 514,526 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Altria Group by 5.3% during the second quarter. Invesco Ltd. now owns 16,374,473 shares of the company’s stock worth $775,331,000 after purchasing an additional 817,834 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Altria Group by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,453,582 shares of the company’s stock worth $684,378,000 after purchasing an additional 552,118 shares during the last quarter. 62.56% of the stock is owned by institutional investors.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the business posted $1.08 EPS. Altria Group’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Altria Group will post 4.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 6.70%. The ex-dividend date is Tuesday, December 24th. Altria Group’s payout ratio is 84.21%.
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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