Brokerages Set Altria Group, Inc. (NYSE:MO) Price Target at $53.25

Altria Group, Inc. (NYSE:MOGet Rating) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $53.25.

A number of equities analysts have recently issued reports on the company. StockNews.com began coverage on Altria Group in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Royal Bank of Canada downgraded Altria Group from an “outperform” rating to a “sector perform” rating and set a $53.00 target price on the stock. in a research report on Monday, March 28th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $54.00 to $60.00 in a research report on Friday, April 29th. Cowen upped their target price on Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Finally, Morgan Stanley cut their target price on Altria Group from $50.00 to $47.00 and set an “underweight” rating on the stock in a research report on Friday, June 17th.

Altria Group stock opened at $42.51 on Tuesday. The business has a fifty day moving average of $52.26 and a two-hundred day moving average of $51.02. The firm has a market cap of $76.97 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.36 and a beta of 0.50. Altria Group has a twelve month low of $41.00 and a twelve month high of $57.05.

Altria Group (NYSE:MOGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share. Research analysts anticipate that Altria Group will post 4.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Investors of record on Wednesday, June 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend is Tuesday, June 14th. Altria Group’s dividend payout ratio is presently 219.51%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P purchased a new position in Altria Group in the 1st quarter worth approximately $25,000. Bromfield Sneider Wealth Advisors acquired a new stake in shares of Altria Group during the 1st quarter worth approximately $27,000. DB Wealth Management Group LLC increased its holdings in shares of Altria Group by 286.2% during the 1st quarter. DB Wealth Management Group LLC now owns 587 shares of the company’s stock worth $31,000 after buying an additional 435 shares during the last quarter. Reitz Capital Advisors LLC acquired a new stake in shares of Altria Group during the 1st quarter worth approximately $31,000. Finally, Rinkey Investments acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $30,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Company Profile (Get Rating)

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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Analyst Recommendations for Altria Group (NYSE:MO)

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