Altria Group (NYSE:MO)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a report released on Tuesday, TipRanks reports.
MO has been the subject of a number of other reports. Cowen restated a “hold” rating on shares of Altria Group in a research note on Thursday, September 12th. Argus set a $60.00 price objective on Altria Group and gave the stock a “buy” rating in a research note on Thursday, October 10th. Barclays set a $50.00 price objective on Altria Group and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Jaffray Companies set a $49.00 price objective on Altria Group and gave the stock a “hold” rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada set a $68.00 price objective on Altria Group and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Altria Group presently has an average rating of “Hold” and a consensus price target of $55.26.
Shares of NYSE MO traded up $0.47 during trading on Tuesday, reaching $43.98. The stock had a trading volume of 3,964,413 shares, compared to its average volume of 13,080,219. Altria Group has a one year low of $39.30 and a one year high of $66.04. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.28 and a current ratio of 0.56. The stock has a market cap of $79.81 billion, a PE ratio of 11.02, a P/E/G ratio of 1.59 and a beta of 0.40. The firm’s 50 day moving average price is $42.35 and its two-hundred day moving average price is $48.69.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.10. The firm had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.08 billion. Altria Group had a return on equity of 51.53% and a net margin of 25.04%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. On average, research analysts expect that Altria Group will post 4.2 earnings per share for the current year.
Altria Group declared that its board has initiated a stock buyback program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 1.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in Altria Group by 78.2% during the 1st quarter. Clearbridge Investments LLC now owns 347,017 shares of the company’s stock valued at $19,929,000 after purchasing an additional 152,302 shares during the period. Weaver Consulting Group purchased a new position in Altria Group during the 1st quarter valued at about $207,000. Bath Savings Trust Co increased its position in Altria Group by 13.6% during the 2nd quarter. Bath Savings Trust Co now owns 8,770 shares of the company’s stock valued at $415,000 after purchasing an additional 1,050 shares during the period. Thomasville National Bank increased its position in Altria Group by 4.0% during the 2nd quarter. Thomasville National Bank now owns 21,588 shares of the company’s stock valued at $1,022,000 after purchasing an additional 834 shares during the period. Finally, LVM Capital Management Ltd. MI grew its position in shares of Altria Group by 3.6% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 94,580 shares of the company’s stock worth $4,478,000 after buying an additional 3,245 shares during the last quarter. 63.29% of the stock is 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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