Altria Group (NYSE:MO) Shares Gap Down to $45.75

Altria Group, Inc. (NYSE:MOGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $45.75, but opened at $44.49. Altria Group shares last traded at $44.02, with a volume of 1,901,378 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Argus raised shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. UBS Group increased their target price on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.90.

Read Our Latest Analysis on MO

Altria Group Trading Down 1.0 %

The company has a market cap of $76.13 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.83 and a beta of 0.64. The firm’s 50-day moving average price is $44.31 and its 200 day moving average price is $42.46.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.71 billion. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 8.84%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Insider Transactions at Altria Group

In related news, VP Charles N. Whitaker sold 22,487 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the transaction, the vice president now directly owns 173,485 shares in the company, valued at approximately $7,624,665.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Altria Group

A number of large investors have recently modified their holdings of the company. NBW Capital LLC bought a new position in Altria Group during the 1st quarter valued at $242,000. Keynote Financial Services LLC bought a new position in Altria Group during the 1st quarter valued at $1,150,000. OMC Financial Services LTD bought a new position in Altria Group during the 1st quarter valued at $224,000. EverSource Wealth Advisors LLC raised its position in Altria Group by 30.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,820 shares of the company’s stock worth $255,000 after acquiring an additional 1,344 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Altria Group by 7.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 395,085 shares of the company’s stock worth $17,289,000 after acquiring an additional 28,718 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Altria Group Company Profile

(Get Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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