Other analysts have also recently issued reports about the stock. Jefferies Group LLC reiterated a hold rating and issued a $70.00 target price (down from $71.00) on shares of Altria Group in a research note on Monday, July 17th. Berenberg Bank reiterated a hold rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS AG reiterated a hold rating on shares of Altria Group in a research note on Tuesday, August 8th. Piper Jaffray Companies set a $76.00 target price on shares of Altria Group and gave the stock a buy rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $62.00 target price on shares of Altria Group in a research note on Tuesday, October 3rd. One equities 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 company. Altria Group presently has a consensus rating of Hold and a consensus price target of $72.04.
Altria Group (MO) traded up $0.82 on Monday, reaching $65.84. 8,183,800 shares of the company traded hands, compared to its average volume of 6,792,532. The company has a market cap of $125,430.00, a P/E ratio of 20.58, a PEG ratio of 2.66 and a beta of 0.60. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities analysts anticipate that Altria Group will post 3.28 earnings per share for the current year.
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Altria Group declared that its Board of Directors has approved a share repurchase program on Thursday, July 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Sterling Investment Advisors Ltd. grew its holdings in Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after acquiring an additional 800 shares during the last quarter. Solaris Asset Management LLC grew its holdings in Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group bought a new stake in Altria Group in the 2nd quarter worth $109,000. Balentine LLC grew its holdings in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after acquiring an additional 357 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Altria Group by 4.7% in the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after acquiring an additional 74 shares during the last quarter. 62.29% of the stock is currently owned by institutional investors and hedge funds.
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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