Altria Group (NYSE:MO) Trading Down 0.1% – What’s Next?

by · The Cerbat Gem

Altria Group, Inc. (NYSE:MO – Get Free Report)’s stock price dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $57.77 and last traded at $57.92. Approximately 1,505,243 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 8,564,415 shares. The stock had previously closed at $57.95.

Analyst Ratings Changes

MO has been the topic of several research reports. Morgan Stanley dropped their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.29.

Get Our Latest Analysis on MO

Altria Group Stock Performance

The stock has a market capitalization of $98.03 billion, a PE ratio of 8.85, a PEG ratio of 2.89 and a beta of 0.56. The stock has a 50-day moving average price of $54.16 and a two-hundred day moving average price of $53.42.

Altria Group (NYSE:MO – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.04%. Altria Group’s dividend payout ratio is presently 62.29%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Financial Life Planners purchased a new position in Altria Group in the 4th quarter worth approximately $25,000. Redwood Park Advisors LLC bought a new stake in Altria Group in the 4th quarter worth approximately $26,000. True Wealth Design LLC increased its stake in Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Altria Group in the 4th quarter worth approximately $29,000. Finally, Marshall Investment Management LLC bought a new stake in Altria Group in the 4th quarter worth approximately $32,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

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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