Altria Group Inc. (NYSE:MO)’s traded shares stood at 5.3 million during the last session, with the company’s beta value hitting 0.68. At the close of trading, the stock’s price was $49.71, to imply a decrease of -0.46% or -$0.23 in intraday trading. The MO share’s 52-week high remains $54.95, putting it -10.54% down since that peak but still an impressive 21.42% since price per share fell to its 52-week low of $39.06. The company has a valuation of $84.82B, with an average of 5.46 million shares in intraday trading volume over the past 10 days and average of 7.95 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Altria Group Inc. (MO), translating to a mean rating of 2.73. Of 11 analyst(s) looking at the stock, 2 analyst(s) give MO a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.35.
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Altria Group Inc. (NYSE:MO) trade information
After registering a -0.46% downside in the last session, Altria Group Inc. (MO) has traded red over the past five days. The 5-day price performance for the stock is 0.20%, and -2.70% over 30 days. With these gigs, the year-to-date price performance is 23.23%. Short interest in Altria Group Inc. (NYSE:MO) saw shorts transact 25.11 million shares and set a 2.78 days time to cover.
The extremes give us $36 and $58 for target low and target high price respectively. As such, MO has been trading -16.68% off suggested target high and 27.58% from its likely low.
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 14.59% up over the last 6 months, with its year-to-date growth rate lower than industry average at 3.23% against 3.60%. Revenue is forecast to grow 15.40% this quarter before jumping 9.30% for the next one. The rating firms project that company’s revenue will shrink -0.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 5.33B. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 5.07B.
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 3.08% return in earnings, projections for the next 5 years are at 4.09% annually.
MO Dividends
Altria Group Inc. has its next earnings report out on 2024-Oct-31. 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 3.96, with the share yield ticking at 7.97% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 8.0%.
Altria Group Inc. (NYSE:MO)’s Major holders
Altria Group Inc. insiders hold 0.10% of total outstanding shares, with institutional holders owning 60.35% of the shares at 60.41% float percentage. In total, 60.35% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 156.12 million shares (or 8.8805% of shares), all amounting to roughly $7.11 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 125.5 million shares, or about 7.1386% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.72 billion.
