Altria Group (MO) Stock Rating Reaffirmed by Jefferies Group
Altria Group (NYSE:MO)‘s stock had its “hold” rating reissued by Jefferies Group in a report issued on Wednesday. They currently have a $68.00 target price on the stock. Jefferies Group’s target price indicates a potential upside of 8.26% from the company’s previous close.
Several other equities analysts have also weighed in on the stock. Vetr lowered shares of Altria Group from a “buy” rating to a “hold” rating and set a $68.29 price objective on the stock. in a research report on Tuesday, November 8th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $68.00 price target (down previously from $69.00) on shares of Altria Group in a report on Saturday, October 15th. Citigroup Inc. reiterated a “buy” rating and set a $72.00 price target on shares of Altria Group in a report on Monday, September 26th. Credit Agricole SA lowered their price target on Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, September 15th. Finally, Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, August 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $69.94.
Shares of Altria Group (NYSE:MO) opened at 62.81 on Wednesday. The firm has a market capitalization of $122.61 billion, a PE ratio of 23.61 and a beta of 0.57. The firm’s 50 day moving average is $63.29 and its 200-day moving average is $65.23. Altria Group has a one year low of $56.15 and a one year high of $70.15.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $6.90 billion for the quarter, compared to analyst estimates of $5.11 billion. Altria Group had a net margin of 20.19% and a return on equity of 202.19%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. On average, equities research analysts predict that Altria Group will post $3.03 earnings per share for the current fiscal year.
In other Altria Group news, CEO Martin J. Barrington sold 15,960 shares of Altria Group stock in a transaction on Monday, October 31st. The shares were sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the sale, the chief executive officer now owns 833,577 shares in the company, valued at $54,891,045.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. HM Capital Management LLC boosted its position in shares of Altria Group by 0.3% in the third quarter. HM Capital Management LLC now owns 3,393 shares of the company’s stock worth $215,000 after buying an additional 10 shares during the last quarter. Hudock Capital Group LLC boosted its position in shares of Altria Group by 0.3% in the second quarter. Hudock Capital Group LLC now owns 4,051 shares of the company’s stock worth $279,000 after buying an additional 14 shares during the last quarter. Tarbox Group Inc. boosted its position in shares of Altria Group by 0.3% in the second quarter. Tarbox Group Inc. now owns 5,558 shares of the company’s stock worth $383,000 after buying an additional 15 shares during the last quarter. Pioneer Trust Bank N A OR boosted its position in shares of Altria Group by 0.3% in the second quarter. Pioneer Trust Bank N A OR now owns 6,347 shares of the company’s stock worth $438,000 after buying an additional 16 shares during the last quarter. Finally, Day & Ennis LLC boosted its position in shares of Altria Group by 0.5% in the second quarter. Day & Ennis LLC now owns 3,328 shares of the company’s stock worth $229,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 61.25% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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