Altria Group (NYSE:MO) Reaches New 1-Year Low at $42.07

Altria Group, Inc. (NYSE:MOGet Rating)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $42.07 and last traded at $42.07, with a volume of 475679 shares changing hands. The stock had previously closed at $45.70.

A number of equities analysts recently weighed in on MO shares. Sanford C. Bernstein cut Altria Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $58.00 to $53.00 in a report on Tuesday, May 10th. StockNews.com started coverage on Altria Group in a report on Thursday, March 31st. They set a “buy” rating on the stock. Cowen raised their price objective on Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Morgan Stanley decreased their price objective on Altria Group from $50.00 to $47.00 and set an “underweight” rating on the stock in a report on Friday, June 17th. Finally, Royal Bank of Canada cut Altria Group from an “outperform” rating to a “sector perform” rating and set a $53.00 price objective on the stock. in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.25.

The stock has a market capitalization of $76.97 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50. The stock has a 50-day moving average price of $52.26 and a two-hundred day moving average price of $51.02.

Altria Group (NYSE:MOGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.88 billion. Altria Group had a negative return on equity of 2,506.92% and a net margin of 11.64%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. On average, sell-side analysts forecast that Altria Group, Inc. will post 4.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Investors 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 8.47%. Altria Group’s dividend payout ratio is presently 219.51%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sierra Capital LLC boosted its position in shares of Altria Group by 12.6% during the fourth quarter. Sierra Capital LLC now owns 1,788 shares of the company’s stock valued at $85,000 after purchasing an additional 200 shares in the last quarter. Intrua Financial LLC raised its stake in Altria Group by 1.1% during the first quarter. Intrua Financial LLC now owns 18,003 shares of the company’s stock valued at $941,000 after buying an additional 200 shares during the last quarter. Jmac Enterprises LLC raised its stake in Altria Group by 4.7% during the first quarter. Jmac Enterprises LLC now owns 4,490 shares of the company’s stock valued at $235,000 after buying an additional 200 shares during the last quarter. Orca Investment Management LLC raised its stake in Altria Group by 1.9% during the first quarter. Orca Investment Management LLC now owns 10,745 shares of the company’s stock valued at $561,000 after buying an additional 201 shares during the last quarter. Finally, Affinity Capital Advisors LLC raised its stake in Altria Group by 4.1% during the fourth quarter. Affinity Capital Advisors LLC now owns 5,192 shares of the company’s stock valued at $246,000 after buying an additional 203 shares during the last quarter. Institutional investors own 59.05% of the company’s stock.

Altria Group Company Profile (NYSE:MO)

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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