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Altria Group Inc. (NYSE: MO) Friday’s Performance: Up 10.97% From The Lows, Now What?

Altria Group Inc. (NYSE:MO)’s traded shares stood at 32.33 million during the last session, with the company’s beta value hitting 0.63. At the close of trading, the stock’s price was $45.32, to imply a decrease of -1.84% or -$0.85 in intraday trading. The MO share’s 52-week high remains $57.05, putting it -25.88% down since that peak but still an impressive 10.97% since price per share fell to its 52-week low of $40.35. The company has a valuation of $81.15B, with an average of 8.27 million shares in intraday trading volume over the past 10 days and average of 7.51 million shares over the past 3 months.

Altria Group Inc. (NYSE:MO) trade information

After registering a -1.84% downside in the last session, Altria Group Inc. (MO) has traded red over the past five days. The stock hit a weekly high of 47.29 this Friday, 03/17/23, dropping -1.84% in its intraday price action. The 5-day price performance for the stock is -2.77%, and -4.89% over 30 days. With these gigs, the year-to-date price performance is -0.85%. Short interest in Altria Group Inc. (NYSE:MO) saw shorts transact 16.58 million shares and set a 2.18 days time to cover.

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Altria Group Inc. (MO) estimates and forecasts

Looking at statistics comparing Altria Group Inc. share performance against respective industry, we note that the company has underperformed competitors. Altria Group Inc. (MO) shares are 7.88% up over the last 6 months, with its year-to-date growth rate lower than industry average at 4.75% against 7.50%. Revenue is forecast to grow 5.40% this quarter before jumping 4.80% for the next one. The rating firms project that company’s revenue will grow 1.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 7 analysts is $4.92 billion. Meanwhile, for the quarter ending Jun 2023, a total of 7 analyst(s) estimate revenue growth to $5.49 billion.Earnings reports from the last fiscal year show that sales brought in $4.82 billion and $5.37 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.00% before jumping 2.10% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -2.20% for the past 5-year period. While 2023 is set for a 138.70% return in earnings, projections for the next 5 years are at 4.64% annually.

MO Dividends

Altria Group Inc. has its next earnings report out between April 26 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Altria Group Inc. has a forward dividend ratio of 3.76, with the share yield ticking at 8.30% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Altria Group Inc. (NYSE:MO)’s Major holders

Altria Group Inc. insiders hold 0.10% of total outstanding shares, with institutional holders owning 59.54% of the shares at 59.60% float percentage. In total, 59.54% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 159.13 million shares (or 8.88% of shares), all amounting to roughly $6.43 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 132.31 million shares, or about 7.38% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $5.34 billion.

We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Altria Group Inc. (MO) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 53.71 million shares. This is just over 3.00% of the total shares, with a market valuation of $2.17 billion. Data from the same date shows that the other fund manager holds a little less at 40.82 million, or 2.28% of the shares, all valued at about 1.65 billion.

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