Altria Group (NYSE:MO) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Altria Group (NYSE:MOGet Rating) in a research note issued to investors on Thursday. The firm issued a buy rating on the stock.

Several other analysts have also recently weighed in on MO. Morgan Stanley lifted their price objective on shares of Altria Group from $43.00 to $46.00 and gave the stock an equal weight rating in a research note on Monday, January 23rd. Citigroup boosted their target price on shares of Altria Group from $46.50 to $49.50 and gave the company a neutral rating in a research report on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $47.13.

Altria Group Price Performance

Altria Group stock traded down $0.85 during midday trading on Thursday, hitting $45.32. The company’s stock had a trading volume of 32,421,688 shares, compared to its average volume of 7,513,742. Altria Group has a 1-year low of $40.35 and a 1-year high of $57.05. The company has a 50-day moving average price of $46.28 and a two-hundred day moving average price of $45.33. The company has a market cap of $80.92 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.28 and a beta of 0.59.

Altria Group (NYSE:MOGet Rating) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $1.18 earnings per share for the quarter, hitting the consensus estimate of $1.18. Altria Group had a net margin of 22.97% and a negative return on equity of 284.29%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s revenue was down 18.7% on a year-over-year basis. Sell-side analysts forecast that Altria Group will post 5.07 EPS for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 24th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Thursday, March 23rd. Altria Group’s dividend payout ratio (DPR) is presently 117.87%.

Institutional Investors Weigh In On Altria Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P bought a new stake in shares of Altria Group during the 1st quarter valued at approximately $25,000. Bourgeon Capital Management LLC grew its holdings in Altria Group by 85.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 542 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. Ruedi Wealth Management Inc. bought a new stake in Altria Group during the 4th quarter worth approximately $30,000. Dark Forest Capital Management LP bought a new stake in Altria Group during the 4th quarter worth approximately $34,000. Finally, Heritage Wealth Management LLC grew its holdings in Altria Group by 203.1% during the 4th quarter. Heritage Wealth Management LLC now owns 782 shares of the company’s stock worth $36,000 after acquiring an additional 524 shares during the last quarter. 58.68% of the stock is owned by institutional investors.

About Altria Group

(Get Rating)

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

Further Reading

Analyst Recommendations for Altria Group (NYSE:MO)

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