Analysts Set Altria Group, Inc. (NYSE:MO) Price Target at $62.11

Altria Group, Inc. (NYSE:MO) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $62.1111.

MO has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on Altria Group from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Jefferies Financial Group began coverage on Altria Group in a research report on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Barclays boosted their price objective on Altria Group from $49.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Bank of America boosted their price objective on Altria Group from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Altria Group

A number of institutional investors have recently made changes to their positions in MO. Founders Grove Wealth Partners LLC grew its holdings in shares of Altria Group by 2.9% during the third quarter. Founders Grove Wealth Partners LLC now owns 5,781 shares of the company’s stock worth $382,000 after buying an additional 165 shares in the last quarter. Westside Investment Management Inc. boosted its position in Altria Group by 4.5% during the second quarter. Westside Investment Management Inc. now owns 3,816 shares of the company’s stock valued at $224,000 after purchasing an additional 166 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Altria Group by 0.6% during the first quarter. Jacobi Capital Management LLC now owns 26,335 shares of the company’s stock valued at $1,581,000 after purchasing an additional 168 shares during the last quarter. Bar Harbor Wealth Management boosted its position in Altria Group by 3.1% during the second quarter. Bar Harbor Wealth Management now owns 5,656 shares of the company’s stock valued at $332,000 after purchasing an additional 169 shares during the last quarter. Finally, Parcion Private Wealth LLC boosted its position in Altria Group by 1.6% during the second quarter. Parcion Private Wealth LLC now owns 11,172 shares of the company’s stock valued at $655,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 1.2%

Shares of NYSE MO opened at $65.00 on Friday. The business’s 50 day moving average price is $65.90 and its two-hundred day moving average price is $61.46. The company has a market cap of $109.19 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 3.62 and a beta of 0.55. Altria Group has a twelve month low of $48.86 and a twelve month high of $68.60.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, research analysts anticipate that Altria Group will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 15th were issued a dividend of $1.06 per share. This is a boost from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, September 15th. Altria Group’s dividend payout ratio is presently 82.01%.

About Altria Group

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.