Altria Group (NYSE:MO) Receiving Somewhat Favorable News Coverage, Study Finds
News articles about Altria Group (NYSE:MO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altria Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.8814722440126 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Martin J. Barrington Sells 15,300 Shares of Altria Group (MO) Stock (americanbankingnews.com)
- Altria Group: A Smokin’ Dividend – Barron’s (barrons.com)
- ETFs with exposure to Altria Group, Inc. : August 11, 2017 (finance.yahoo.com)
- Altria Group (MO) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Zacks: Analysts Anticipate Altria Group (NYSE:MO) Will Post Quarterly Sales of $5.21 Billion (americanbankingnews.com)
A number of research analysts have recently weighed in on MO shares. BidaskClub raised Altria Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada raised Altria Group from an “underperform” rating to a “sector perform” rating and set a $62.00 price target on the stock in a research note on Monday, July 31st. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 price target on the stock in a research note on Monday, July 31st. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $76.00 price target on Altria Group and gave the company a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $72.66.
Altria Group (NYSE:MO) traded up 0.82% during mid-day trading on Monday, hitting $64.84. 6,393,774 shares of the company were exchanged. The company’s 50-day moving average is $71.34 and its 200 day moving average is $72.73. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a market capitalization of $125.01 billion, a P/E ratio of 8.55 and a beta of 0.61.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by $0.01. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $5.02 billion. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 earnings per share. Analysts expect that Altria Group will post $3.26 EPS for the current year.
Altria Group announced that its board has approved a stock repurchase program on Thursday, July 27th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 0.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, CEO Martin J. Barrington sold 15,300 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the completion of the sale, the chief executive officer now directly owns 701,074 shares of the company’s stock, valued at $45,590,842.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George Munoz sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total transaction of $361,750.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.
About Altria Group
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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