Altria Group (MO) Cut to “Hold” at Vetr

Vetr cut shares of Altria Group (NYSE:MO) from a buy rating to a hold rating in a research report report published on Monday. The brokerage currently has $71.65 price target on the stock.

MO has been the topic of a number of other reports. Jefferies Group set a $72.00 price objective on Altria Group and gave the company a hold rating in a report on Friday, November 17th. Zacks Investment Research lowered Altria Group from a buy rating to a hold rating in a report on Thursday, November 2nd. Piper Jaffray Companies reissued a buy rating and issued a $76.00 price objective on shares of Altria Group in a report on Friday, October 27th. BidaskClub lowered Altria Group from a sell rating to a strong sell rating in a report on Friday, August 25th. Finally, UBS reissued a hold rating on shares of Altria Group in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Altria Group presently has an average rating of Hold and an average price target of $72.90.

Altria Group (NYSE MO) opened at $71.66 on Monday. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The stock has a market capitalization of $133,916.77, a PE ratio of 22.21, a P/E/G ratio of 2.87 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts predict that Altria Group will post 3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.68%. Altria Group’s payout ratio is 33.04%.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its position in shares of Altria Group by 21,647.0% in the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after acquiring an additional 19,740,509 shares in the last quarter. BlackRock Inc. lifted its position in shares of Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after acquiring an additional 8,969,677 shares in the last quarter. Capital World Investors lifted its position in shares of Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after acquiring an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after acquiring an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Altria Group by 67.7% in the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after acquiring an additional 1,974,500 shares in the last quarter. Institutional investors own 62.70% of the company’s stock.

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Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Altria Group (NYSE:MO)

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