Altria Group (NYSE:MO) Stock Price Up 0.5%

Altria Group, Inc. (NYSE:MOGet Free Report) rose 0.5% during mid-day trading on Wednesday . The company traded as high as $45.91 and last traded at $45.74. Approximately 1,987,984 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 11,620,331 shares. The stock had previously closed at $45.50.

Analysts Set New Price Targets

MO has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, April 14th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Altria Group in a research note on Monday, March 25th. Finally, UBS Group raised their target price on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.90.

Check Out Our Latest Analysis on MO

Altria Group Trading Up 0.8 %

The firm has a 50-day moving average of $43.06 and a two-hundred day moving average of $41.63. The firm has a market cap of $78.75 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 2.75 and a beta of 0.66.

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 analysts’ consensus estimates 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 negative return on equity of 222.80% and a net margin of 34.81%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. As a group, equities analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $3.92 annualized dividend and a dividend yield of 8.55%. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Altria Group declared that its board has authorized a share buyback plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Altria Group

In related news, VP Charles N. Whitaker sold 22,487 shares of Altria Group stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total transaction of $988,303.65. Following the transaction, the vice president now owns 173,485 shares of the company’s stock, valued at approximately $7,624,665.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Maryland Capital Advisors Inc. raised its position in Altria Group by 154.4% in the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after buying an additional 349 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Altria Group in the third quarter valued at approximately $26,000. Accordant Advisory Group Inc bought a new stake in shares of Altria Group in the first quarter worth $26,000. Nemes Rush Group LLC grew its position in Altria Group by 103.2% in the third quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in Altria Group in the fourth quarter valued at $27,000. Institutional investors own 57.41% of the company’s stock.

About Altria Group

(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.

Further Reading

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