Shares of Altria Group, Inc. (NYSE:MO - Get Free Report) traded up 0.7% during mid-day trading on Friday . The stock traded as high as $45.97 and last traded at $45.73. 3,365,401 shares were traded during mid-day trading, a decline of 70% from the average session volume of 11,102,656 shares. The stock had previously closed at $45.43.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Altria Group from $36.10 to $36.50 and gave the company a "sell" rating in a report on Monday, April 8th. Argus raised Altria Group to a "hold" rating in a report on Friday, May 31st. StockNews.com cut Altria Group from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $50.00 price objective on shares of Altria Group in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.90.
Check Out Our Latest Analysis on Altria Group
Altria Group Trading Up 0.7 %
The company has a market cap of $78.56 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 2.76 and a beta of 0.64. The business has a fifty day moving average of $44.71 and a two-hundred day moving average of $42.58.
Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share for the quarter, hitting analysts' consensus estimates of $1.15. The company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.71 billion. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. Altria Group's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.
Altria Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 8.57%. Altria Group's dividend payout ratio (DPR) is currently 82.01%.
Insiders Place Their Bets
In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total transaction of $988,303.65. Following the completion of the sale, the vice president now directly owns 173,485 shares in the company, valued at approximately $7,624,665.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.
Institutional Investors Weigh In On Altria Group
Several large investors have recently bought and sold shares of MO. Maryland Capital Advisors Inc. grew its position in shares of Altria Group by 154.4% in the first quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company's stock valued at $25,000 after purchasing an additional 349 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Altria Group in the first quarter valued at approximately $26,000. Criterion Capital Advisors LLC purchased a new stake in shares of Altria Group in the fourth quarter valued at approximately $27,000. BNP Paribas purchased a new stake in shares of Altria Group in the first quarter valued at approximately $27,000. Finally, ZRC Wealth Management LLC grew its position in shares of Altria Group by 67.6% in the fourth quarter. ZRC Wealth Management LLC now owns 677 shares of the company's stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. 57.41% of the stock is currently 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.
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