Altria Group (NYSE:MO) received a $72.00 price target from equities researchers at Jefferies Group LLC in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price objective points to a potential upside of 9.29% from the company’s previous close.
MO has been the topic of a number of other research reports. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. UBS AG cut their target price on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Cowen and Company set a $78.00 target price on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, July 28th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price on the stock in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus cut their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $72.38.
Shares of Altria Group (NYSE MO) opened at $65.88 on Friday. The stock has a market cap of $124,528.48, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.
Altria Group (NYSE:MO) last announced its quarterly 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. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. equities analysts expect that Altria Group will post 3.28 earnings per share for the current year.
Altria Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 0.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
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In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of MO. Canandaigua National Bank & Trust Co. raised its holdings in Altria Group by 1.1% in the first quarter. Canandaigua National Bank & Trust Co. now owns 11,552 shares of the company’s stock worth $824,000 after buying an additional 131 shares during the last quarter. Carl Domino Inc raised its holdings in Altria Group by 2.2% in the first quarter. Carl Domino Inc now owns 4,575 shares of the company’s stock worth $327,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Altria Group by 30.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 65,035 shares of the company’s stock worth $4,645,000 after buying an additional 15,123 shares during the last quarter. TIAA CREF Trust Co. FSB MO raised its holdings in Altria Group by 4.3% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 206,114 shares of the company’s stock worth $14,721,000 after buying an additional 8,446 shares during the last quarter. Finally, Girard Partners LTD. raised its holdings in Altria Group by 53.5% in the first quarter. Girard Partners LTD. now owns 112,784 shares of the company’s stock worth $8,055,000 after buying an additional 39,317 shares during the last quarter. 62.29% of the stock is owned by institutional investors and hedge funds.
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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