Altria Group Inc. (NYSE: MO) Stock Dropped -7.46% Over A Month – Any Room To Run?

Altria Group Inc. (NYSE:MO)’s traded shares stood at 17.32 million during the last session, with the company’s beta value hitting 0.70. At the close of trading, the stock’s price was $41.30, to imply an increase of 0.49% or $0.2 in intraday trading. The MO share’s 52-week high remains $48.04, putting it -16.32% down since that peak but still an impressive 5.42% since price per share fell to its 52-week low of $39.06. The company has a valuation of $70.94B, with an average of 12.12 million shares over the past 3 months.

Altria Group Inc. (NYSE:MO) trade information

After registering a 0.49% upside in the last session, Altria Group Inc. (MO) has traded red over the past five days. The stock hit a weekly high of 41.55, jumping 0.49% in its intraday price action. The 5-day price performance for the stock is -0.31%, and -7.46% over 30 days. With these gigs, the year-to-date price performance is 2.38%.

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 outperformed competitors. Altria Group Inc. (MO) shares are -4.38% down over the last 6 months, with its year-to-date growth rate higher than industry average at 2.83% against 1.30%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.39% for the past 5-year period. While 2024 is set for a 2.37% return in earnings, projections for the next 5 years are at 2.80% annually.

MO Dividends

Altria Group Inc. has its next earnings report out in May. 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 3.88, with the share yield ticking at 9.39% 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%.