Stock Traders Purchase High Volume of Altria Group Call Options (MO)

Altria Group Inc (NYSE:MO) saw unusually large options trading on Tuesday. Traders purchased 75,569 call options on the stock. This represents an increase of 963% compared to the average volume of 7,112 call options.

Several research analysts have recently commented on MO shares. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective for the company. in a research report on Monday, October 30th. Royal Bank of Canada restated a “hold” rating and set a $62.00 price objective on shares of Altria Group in a research report on Tuesday, October 3rd. Cowen upgraded Altria Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $72.87.

Shares of Altria Group (MO) traded down $0.68 during trading on Friday, hitting $69.61. The stock had a trading volume of 7,410,000 shares, compared to its average volume of 7,310,000. The firm has a market capitalization of $132,830.00, a price-to-earnings ratio of 8.70, a PEG ratio of 2.57 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Altria Group’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 fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.79%. Altria Group’s dividend payout ratio is 33.00%.

Hedge funds have recently modified their holdings of the company. British Columbia Investment Management Corp boosted its stake in shares of Altria Group by 17.0% during the 1st quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock worth $61,261,000 after acquiring an additional 124,740 shares in the last quarter. RNC Capital Management LLC lifted its position in shares of Altria Group by 3.5% during the 1st quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock worth $39,455,000 after purchasing an additional 18,855 shares during the last quarter. Cedar Capital LLC lifted its position in shares of Altria Group by 36.4% during the 1st quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock worth $397,000 after purchasing an additional 1,484 shares during the last quarter. Intrust Bank NA lifted its position in shares of Altria Group by 3.1% during the 1st quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock worth $1,665,000 after purchasing an additional 710 shares during the last quarter. Finally, Ropes Wealth Advisors LLC lifted its position in shares of Altria Group by 9.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock worth $1,275,000 after purchasing an additional 1,502 shares during the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.

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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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