Shares of Altria Group (NYSE:MO) have been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $72.70.

A number of brokerages recently weighed in on MO. Cowen and Company set a $78.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, July 28th. Berenberg Bank set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research note on Sunday, August 6th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $80.18 price objective on the stock in a research note on Tuesday, May 16th. UBS AG cut their price objective on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. Finally, Stifel Nicolaus cut their price objective 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.

WARNING: This article was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/16/altria-group-mo-given-average-rating-of-hold-by-brokerages.html.

Shares of Altria Group (MO) traded up 0.23% during trading on Friday, reaching $65.45. 4,327,783 shares of the company’s stock were exchanged. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The stock has a market capitalization of $126.19 billion, a PE ratio of 8.63 and a beta of 0.61. The company’s 50-day moving average is $70.68 and its 200 day moving average is $72.67.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.01. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts forecast that Altria Group will post $3.26 earnings per share for the current year.

Altria Group declared that its board has authorized a stock buyback plan on Thursday, July 27th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 0.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other Altria Group news, Director George Munoz sold 5,000 shares of Altria Group stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total transaction of $361,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Martin J. Barrington sold 15,300 shares of Altria Group stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.03, for a total value of $994,959.00. Following the transaction, the chief executive officer now directly owns 701,074 shares in the company, valued at approximately $45,590,842.22. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MO. Hartford Financial Management Inc. boosted its stake in shares of Altria Group by 25.4% in the first quarter. Hartford Financial Management Inc. now owns 4,542 shares of the company’s stock valued at $324,000 after buying an additional 920 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Altria Group by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,691,362 shares of the company’s stock valued at $120,797,000 after buying an additional 40,895 shares during the last quarter. Washington Trust Bank boosted its stake in shares of Altria Group by 495.6% in the first quarter. Washington Trust Bank now owns 105,680 shares of the company’s stock valued at $7,548,000 after buying an additional 87,937 shares during the last quarter. West Oak Capital LLC boosted its stake in shares of Altria Group by 3.7% in the first quarter. West Oak Capital LLC now owns 5,753 shares of the company’s stock valued at $411,000 after buying an additional 203 shares during the last quarter. Finally, SPC Financial Inc. boosted its stake in shares of Altria Group by 1.8% in the first quarter. SPC Financial Inc. now owns 11,150 shares of the company’s stock valued at $796,000 after buying an additional 200 shares during the last quarter. 62.39% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Altria Group (NYSE:MO)

Receive News & Stock Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related stocks with our FREE daily email newsletter.