Altria Group (NYSE:MO) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Altria Group received a "Buy (B)" rating from Weiss Ratings, with several other firms also issuing updated price targets and ratings for the stock.
• The company's stock price recently traded at $64.65 and has a 52-week range between $49.58 and $68.60.
• Altria's last quarterly earnings showed a profit of $1.44 per share, surpassing estimates and indicating slight revenue growth compared to the previous year.

Altria Group (NYSE:MO - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

MO has been the topic of several other reports. Jefferies Financial Group assumed coverage on Altria Group in a research report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 target price on the stock. Morgan Stanley increased their target price on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group increased their price target on Altria Group from $65.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $72.00 price target on Altria Group in a report on Thursday, August 21st. Finally, Bank of America increased their price target on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.11.

Altria Group Trading Up 0.1%

Shares of Altria Group stock traded up $0.08 during trading hours on Friday, reaching $64.65. 2,812,295 shares of the company's stock were exchanged, compared to its average volume of 8,822,632. Altria Group has a 52-week low of $49.58 and a 52-week high of $68.60. The firm has a market capitalization of $108.60 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 3.58 and a beta of 0.55. The company has a fifty day moving average of $65.79 and a 200-day moving average of $61.62.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 EPS. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts anticipate that Altria Group will post 5.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mattson Financial Services LLC purchased a new position in Altria Group during the 1st quarter worth approximately $25,000. Global X Japan Co. Ltd. acquired a new stake in shares of Altria Group in the 2nd quarter valued at $25,000. Carderock Capital Management Inc. acquired a new stake in shares of Altria Group in the 2nd quarter valued at $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Altria Group in the 2nd quarter valued at $27,000. Finally, Country Trust Bank lifted its stake in shares of Altria Group by 400.0% in the 2nd quarter. Country Trust Bank now owns 500 shares of the company's stock valued at $29,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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