Altria Group (MO) Raised to B- at TheStreet

Altria Group (NYSE:MO) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Friday, March 29th, TheStreetRatingsTable reports.

MO has been the subject of a number of other research reports. Citigroup set a $52.00 price target on Altria Group and gave the stock a “sell” rating in a research report on Thursday, March 28th. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Bank of America boosted their price target on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Morgan Stanley lowered Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.11.

Shares of MO traded down $0.11 during trading on Friday, reaching $54.71. The company’s stock had a trading volume of 8,576,803 shares, compared to its average volume of 11,598,717. Altria Group has a twelve month low of $42.40 and a twelve month high of $66.04. The company has a quick ratio of 0.09, a current ratio of 0.20 and a debt-to-equity ratio of 0.80. The firm has a market cap of $101.81 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.66 and a beta of 0.39.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned $0.91 EPS. On average, equities analysts expect that Altria Group will post 4.19 earnings per share for the current fiscal year.

In other news, Director Nabil Y. Sakkab bought 1,032 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were bought at an average cost of $50.42 per share, with a total value of $52,033.44. Following the transaction, the director now directly owns 38,308 shares in the company, valued at approximately $1,931,489.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nabil Y. Sakkab acquired 1,352 shares of the stock in a transaction dated Monday, February 25th. The shares were bought at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the acquisition, the director now owns 39,660 shares in the company, valued at approximately $2,066,682.60. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after purchasing an additional 1,107,891 shares during the period. Vanguard Group Inc boosted its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after purchasing an additional 1,107,891 shares during the period. FMR LLC boosted its stake in Altria Group by 13.9% during the 4th quarter. FMR LLC now owns 46,826,474 shares of the company’s stock valued at $2,312,760,000 after purchasing an additional 5,719,727 shares during the period. Capital International Investors boosted its stake in Altria Group by 698.6% during the 3rd quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock valued at $1,929,445,000 after purchasing an additional 27,986,154 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Altria Group by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after purchasing an additional 1,908,626 shares during the period. 64.35% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Altria Group (NYSE:MO)

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