Altria Group Inc (NYSE:MO) – Equities research analysts at Piper Sandler increased their Q3 2020 earnings estimates for Altria Group in a research report issued to clients and investors on Tuesday, July 28th. Piper Sandler analyst M. Lavery now anticipates that the company will earn $1.15 per share for the quarter, up from their previous forecast of $1.14. Piper Sandler has a “Buy” rating and a $57.00 price target on the stock. Piper Sandler also issued estimates for Altria Group’s Q1 2021 earnings at $1.08 EPS and Q3 2021 earnings at $1.30 EPS.

MO has been the subject of a number of other research reports. Cfra increased their price target on shares of Altria Group from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price target on shares of Altria Group in a report on Monday, June 8th. Citigroup increased their price target on shares of Altria Group from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank increased their price target on shares of Altria Group from $50.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Barclays downgraded shares of Altria Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $50.00 to $43.00 in a research note on Wednesday, July 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Altria Group has an average rating of “Buy” and a consensus target price of $50.36.

Shares of NYSE:MO opened at $41.15 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.53 and a debt-to-equity ratio of 4.76. Altria Group has a 12 month low of $30.95 and a 12 month high of $52.45. The company has a 50-day moving average price of $40.34 and a 200 day moving average price of $41.29. The company has a market cap of $76.47 billion, a price-to-earnings ratio of -79.13, a PEG ratio of 1.93 and a beta of 0.43.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03. Altria Group had a negative net margin of 3.57% and a positive return on equity of 109.11%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year.

Several large investors have recently modified their holdings of MO. Macquarie Group Ltd. increased its holdings in Altria Group by 18.1% during the fourth quarter. Macquarie Group Ltd. now owns 107,512 shares of the company’s stock valued at $5,366,000 after buying an additional 16,507 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Altria Group during the fourth quarter valued at approximately $928,000. Quadrant Capital Group LLC increased its holdings in Altria Group by 17.5% during the fourth quarter. Quadrant Capital Group LLC now owns 12,537 shares of the company’s stock valued at $603,000 after buying an additional 1,869 shares during the period. IMS Capital Management increased its holdings in Altria Group by 27.4% during the first quarter. IMS Capital Management now owns 15,150 shares of the company’s stock valued at $586,000 after buying an additional 3,262 shares during the period. Finally, Wiley BROS. Aintree Capital LLC increased its holdings in Altria Group by 20.1% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 5,263 shares of the company’s stock valued at $204,000 after buying an additional 881 shares during the period. 63.59% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.86 per share. The ex-dividend date is Monday, September 14th. This is a positive change from Altria Group’s previous quarterly dividend of $0.84. This represents a $3.44 dividend on an annualized basis and a dividend yield of 8.36%. Altria Group’s dividend payout ratio (DPR) is 79.62%.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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Earnings History and Estimates for Altria Group (NYSE:MO)

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