Altria Group (MO) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MO, but not buy additional shares or sell existing shares.
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4 brokers have issued 1 year price objectives for Altria Group's stock. Their MO share price targets range from $36.50 to $56.00. On average, they expect the company's share price to reach $46.90 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Altria Group's stock was trading at $40.34 at the start of the year. Since then, MO stock has increased by 1.5% and is now trading at $40.95.
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Altria Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 60,340,000 shares, an increase of 315.3% from the March 15th total of 14,530,000 shares. Based on an average trading volume of 11,850,000 shares, the short-interest ratio is presently 5.1 days. Approximately 3.4% of the shares of the stock are short sold.
View Altria Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MO earnings forecast.

Altria Group will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Altria Group, Inc. (NYSE:MO) issued its quarterly earnings results on Thursday, February, 1st. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.01. The business earned $5.02 billion during the quarter, compared to the consensus estimate of $5.06 billion. Altria Group had a negative trailing twelve-month return on equity of 244.55% and a net margin of 33.21%. Altria Group's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.18 EPS.
Read the conference call transcript.

Altria Group announced a quarterly dividend on Thursday, February 29th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.98 per share on Tuesday, April 30th. This represents a $3.92 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend is Friday, March 22nd.
Read our dividend analysis for MO.

Altria Group (NYSE:MO) pays an annual dividend of $3.92 per share and currently has a dividend yield of 9.55%. MO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MO will have a dividend payout ratio of 74.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), First Trust Morningstar Dividend Leaders Index (FDL), Cambria Cannabis ETF (TOKE), Formidable ETF (FORH), WBI BullBear Value 3000 ETF (WBIF), VanEck Durable High Dividend ETF (DURA), WisdomTree U.S. High Dividend Fund (DHS) and iShares Core High Dividend ETF (HDV).

Altria Group announced that its board has authorized a share buyback plan on Thursday, February 1st 2024, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Altria Group updated its FY24 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of $5.05-$5.17 for the period, compared to the consensus estimate of $5.05.

15 employees have rated Altria Group Chief Executive Officer Billy Gifford on Glassdoor.com. Billy Gifford has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Altria Group investors own include AT&T (T), Philip Morris International (PM), AbbVie (ABBV), Coca-Cola (KO), Verizon Communications (VZ), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Pfizer (PFE), Intel (INTC) and Bank of America (BAC).

Altria Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Czech National Bank (0.02%), Adams Asset Advisors LLC (0.02%), Centre Asset Management LLC (0.01%), CWM LLC (0.01%), Allen Mooney & Barnes Investment Advisors LLC (0.01%) and Viking Fund Management LLC (0.01%). Insiders that own company stock include Ellen R Strahlman and Robert Matthews Davis.
View institutional ownership trends.

Shares of MO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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