Altria Group (NYSE:MO) Trading 0.7% Higher

Shares of Altria Group, Inc. (NYSE:MOGet Free Report) traded up 0.7% during mid-day trading on Friday . The stock traded as high as $45.97 and last traded at $45.73. 3,365,401 shares traded hands during trading, a decline of 70% from the average session volume of 11,102,656 shares. The stock had previously closed at $45.43.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Altria Group

Altria Group Stock Up 0.7 %

The stock has a market capitalization of $78.56 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64. The company has a 50 day moving average of $44.61 and a 200 day moving average of $42.56.

Altria Group (NYSE:MOGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.15 EPS for the quarter, meeting the consensus estimate of $1.15. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.71 billion. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. On average, research analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 8.57%. Altria Group’s payout ratio is currently 82.01%.

Insider Activity at Altria Group

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

Institutional Investors Weigh In On Altria Group

Institutional investors have recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC grew its position in Altria Group by 21.3% during the fourth quarter. FSC Wealth Advisors LLC now owns 2,719 shares of the company’s stock valued at $110,000 after acquiring an additional 477 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of Altria Group in the fourth quarter worth about $39,000. KPP Advisory Services LLC purchased a new stake in shares of Altria Group in the third quarter worth about $3,128,000. Axxcess Wealth Management LLC boosted its position in shares of Altria Group by 293.6% in the third quarter. Axxcess Wealth Management LLC now owns 55,546 shares of the company’s stock worth $2,336,000 after buying an additional 41,432 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Altria Group by 0.5% in the fourth quarter. Nordea Investment Management AB now owns 1,011,345 shares of the company’s stock worth $40,727,000 after buying an additional 4,789 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

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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