Altria Group (NYSE:MO) had its target price raised by Wells Fargo & Co from $80.00 to $85.00 in a research report issued on Thursday, January 4th. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s price objective would suggest a potential upside of 20.57% from the company’s previous close.
MO has been the subject of a number of other reports. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr upgraded Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target for the company in a report on Thursday, December 28th. UBS Group lowered their price target on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Cowen reiterated a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, Citigroup lowered their price target on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Altria Group has a consensus rating of “Hold” and an average target price of $72.87.
Shares of Altria Group (NYSE:MO) traded up $0.20 during trading hours on Thursday, reaching $70.50. The company’s stock had a trading volume of 498,813 shares, compared to its average volume of 7,380,000. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The stock has a market cap of $134,530.00, a PE ratio of 8.81, a P/E/G ratio of 2.65 and a beta of 0.62. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. analysts predict that Altria Group will post 3.28 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of MO. Sterling Investment Advisors Ltd. raised its position in Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares in the last quarter. Solaris Asset Management LLC raised its position in Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group acquired a new stake in Altria Group in the 2nd quarter valued at about $109,000. Balentine LLC raised its position in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares in the last quarter. Finally, Oak Point Wealth Management acquired a new stake in Altria Group in the 4th quarter valued at about $120,000. 62.64% of the stock is currently owned by hedge funds and other institutional investors.
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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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