In the latest trading session, 1.01 million Altria Group Inc. (NYSE:MO) shares changed hands as the company’s beta touched 0.68. With the company’s most recent per share price at $49.51 changing hands around $0.45 or 0.92% at last look, the market valuation stands at $84.47B. MO’s current price is a discount, trading about -10.99% off its 52-week high of $54.95. The share price had its 52-week low at $39.06, which suggests the last value was 21.11% up since then. When we look at Altria Group Inc.’s average trading volume, we note the 10-day average is 6.02 million shares, with the 3-month average coming to 8.03 million.
Analysts gave the Altria Group Inc. (MO) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.73. If we narrow down to specifics, the data shows that 2 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended MO as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Altria Group Inc.’s EPS for the current quarter is expected to be 1.35.
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Altria Group Inc. (NYSE:MO) trade information
Instantly MO is in green as seen in intraday trades today. With action -0.78%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 22.73%, with the 5-day performance at -0.78% in the red. However, in the 30-day time frame, Altria Group Inc. (NYSE:MO) is -2.96% down. Looking at the short shares, we see there were 25.11 million shares sold at short interest cover period of 2.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 53, meaning bulls need an upside of 6.58% from its recent market value. According to analyst projections, MO’s forecast low is 36 with 58 as the target high. To hit the forecast high, the stock’s price needs a -17.15% plunge from its current level, while the stock would need to tank 27.29% for it to hit the projected low.
Altria Group Inc. (MO) estimates and forecasts
Data shows that the Altria Group Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.49% over the past 6 months, a 3.23% in annual growth rate that is considerably lower than the industry average of 3.30%. Year-over-year growth is forecast to reach -0.70% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 5.33B. 7 analysts are of the opinion that Altria Group Inc.’s revenue for the current quarter will be 5.07B. The estimates for the next quarter sales put growth at 0.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.39%. The 2024 estimates are for Altria Group Inc. earnings to increase by 3.08%, but the outlook for the next 5-year period is at 4.09% per year.
MO Dividends
Altria Group Inc. is expected to release its next quarterly earnings report on 2024-Oct-31. The 8.00% annual yield figure for the share gives it an annual dividend of 3.96. It is important to note, however, that the 8.00% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 8.0 per year.
Altria Group Inc. (NYSE:MO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.10% of Altria Group Inc. shares while 60.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.29%. There are 60.22% institutions holding the Altria Group Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.8805% of the shares, roughly 156.12 million MO shares worth $7.11 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.1386% or 125.5 million shares worth $5.72 billion as of 2024-06-30.
