A number of other equities research analysts have also weighed in on MO. Jefferies Group LLC reiterated a hold rating and set a $70.00 price objective (down previously from $71.00) on shares of Altria Group in a report on Monday, July 17th. BidaskClub lowered shares of Altria Group from a sell rating to a strong sell rating in a report on Monday, July 24th. Cowen and Company set a $78.00 price objective on shares of Altria Group and gave the company a hold rating in a report on Friday, July 28th. Piper Jaffray Companies set a $76.00 price objective on shares of Altria Group and gave the company a buy rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada upgraded shares of Altria Group from an underperform rating to a sector perform rating and set a $62.00 price objective for the company in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $72.38.
Shares of Altria Group (NYSE:MO) traded up $0.24 on Monday, reaching $66.12. 2,171,195 shares of the company were exchanged, compared to its average volume of 6,781,520. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company has a market cap of $126,070.00, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. equities analysts predict that Altria Group will post 3.28 EPS for the current year.
Altria Group declared that its Board of Directors has initiated a share repurchase program on Thursday, July 27th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in MO. Janus Henderson Group PLC grew its position in Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. BlackRock Inc. grew its position in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors grew its position in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. Vanguard Group Inc. grew its position in Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in Altria Group by 67.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after purchasing an additional 1,974,500 shares during the last quarter. 62.29% of the stock is currently owned by institutional investors.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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