Altria Group Inc (NYSE:MO) – Analysts at Jefferies Financial Group issued their Q2 2019 earnings per share (EPS) estimates for Altria Group in a research note issued on Friday, May 17th. Jefferies Financial Group analyst O. Bennett forecasts that the company will post earnings of $1.09 per share for the quarter. Jefferies Financial Group also issued estimates for Altria Group’s Q3 2019 earnings at $1.14 EPS, Q4 2019 earnings at $1.01 EPS, FY2020 earnings at $4.51 EPS, FY2021 earnings at $4.88 EPS, FY2022 earnings at $5.20 EPS and FY2023 earnings at $5.50 EPS.
A number of other equities analysts have also issued reports on the stock. Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. Citigroup set a $45.00 target price on shares of Altria Group and gave the stock a “sell” rating in a research report on Friday, April 26th. Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Finally, Bank of America raised their target price on shares of Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Altria Group has a consensus rating of “Hold” and an average price target of $62.53.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a $0.80 dividend. The ex-dividend date is Thursday, June 13th. This represents a $3.20 dividend on an annualized basis and a yield of 6.11%. Altria Group’s dividend payout ratio (DPR) is 80.20%.
In related news, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total value of $348,126.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total transaction of $173,485.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc lifted its holdings in Altria Group by 0.8% in the third quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. FMR LLC lifted its holdings in Altria Group by 68.1% in the first quarter. FMR LLC now owns 78,710,352 shares of the company’s stock valued at $4,520,337,000 after acquiring an additional 31,883,878 shares during the period. Geode Capital Management LLC lifted its holdings in Altria Group by 8.3% in the first quarter. Geode Capital Management LLC now owns 26,994,000 shares of the company’s stock valued at $1,548,191,000 after acquiring an additional 2,065,560 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Altria Group by 4,426.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock worth $469,000 after buying an additional 22,638,593 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Altria Group by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 22,776,754 shares of the company’s stock worth $1,124,943,000 after buying an additional 420,288 shares during the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.
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.
Further Reading: What is the NASDAQ?
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.