Altria Group, Inc. (NYSE:MO) Given Consensus Recommendation of “Hold” by Brokerages

Altria Group, Inc. (NYSE:MOGet Rating) has been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.75.

Several brokerages have commented on MO. Cowen raised their price objective on Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $54.00 to $60.00 in a research report on Friday, April 29th. StockNews.com started coverage on Altria Group in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Sanford C. Bernstein lowered Altria Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $58.00 to $53.00 in a research report on Tuesday, May 10th. Finally, Cowen increased their price objective on shares of Altria Group from $51.00 to $53.00 in a research note on Thursday, April 7th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Altria Group by 2.0% during the first quarter. Vanguard Group Inc. now owns 157,264,573 shares of the company’s stock worth $8,217,074,000 after acquiring an additional 3,101,529 shares during the last quarter. BlackRock Inc. grew its stake in shares of Altria Group by 1.8% during the first quarter. BlackRock Inc. now owns 119,840,218 shares of the company’s stock worth $6,261,650,000 after acquiring an additional 2,098,737 shares during the last quarter. State Street Corp lifted its holdings in shares of Altria Group by 3.4% during the fourth quarter. State Street Corp now owns 71,762,274 shares of the company’s stock worth $3,465,063,000 after purchasing an additional 2,371,300 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Altria Group by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 36,302,349 shares of the company’s stock worth $1,896,798,000 after purchasing an additional 2,178,596 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Altria Group by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 30,391,914 shares of the company’s stock worth $1,437,087,000 after purchasing an additional 644,221 shares during the period. Institutional investors own 59.05% of the company’s stock.

Altria Group stock opened at $54.68 on Friday. The stock has a market cap of $99.00 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.64 and a beta of 0.50. Altria Group has a 52 week low of $42.53 and a 52 week high of $57.05. The business has a 50-day simple moving average of $53.84 and a 200 day simple moving average of $50.31.

Altria Group (NYSE:MOGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.88 billion. Altria Group had a net margin of 11.64% and a negative return on equity of 2,506.92%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities research analysts predict that Altria Group will post 4.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $3.60 annualized dividend and a dividend yield of 6.58%. Altria Group’s dividend payout ratio (DPR) is 219.51%.

About Altria Group (Get Rating)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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Analyst Recommendations for Altria Group (NYSE:MO)

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