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Altria Group (NYSE:MO) Shares Down 0.9% - What's Next?

Altria Group logo with Consumer Staples background

Altria Group, Inc. (NYSE:MO - Get Free Report) shares were down 0.9% during trading on Wednesday . The company traded as low as $50.85 and last traded at $50.91. Approximately 1,746,607 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 6,097,403 shares. The stock had previously closed at $51.36.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barclays increased their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Bank of America raised shares of Altria Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com raised shares of Altria Group from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $53.33.

Get Our Latest Report on MO

Altria Group Stock Down 0.6 %

The firm's fifty day moving average price is $54.44 and its 200-day moving average price is $51.92. The stock has a market cap of $86.50 billion, a P/E ratio of 8.62, a PEG ratio of 3.03 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company's revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. Sell-side analysts predict that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group's payout ratio is 68.92%.

Hedge Funds Weigh In On Altria Group

Several hedge funds have recently made changes to their positions in the business. True Wealth Design LLC lifted its position in shares of 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 purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in Altria Group in the third quarter worth about $34,000. Peterson Financial Group Inc. bought a new position in Altria Group in the third quarter worth about $41,000. Fairman Group LLC lifted its holdings in Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company's stock worth $46,000 after buying an additional 410 shares during the period. Finally, IFS Advisors LLC boosted its position in Altria Group by 330.4% during the 4th quarter. IFS Advisors LLC now owns 977 shares of the company's stock valued at $51,000 after acquiring an additional 750 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

About Altria Group

(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.

Further Reading

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