NYSE:MO

Altria Group (MO) Stock Forecast, Price & News

$44.84

+0.42 (+0.95%)

(As of 02:04 PM ET)

Compare

Today's Range: $44.37
▼
$44.86
50-Day Range: $43.46
▼
$47.78
52-Week Range: $40.35
▼
$54.37

Volume: 3.66 million shs
Average Volume: 7.86 million shs
Market Capitalization: $80.04 billion

P/E Ratio: 14.42
Dividend Yield: 8.39%
Price Target: $44.67

Altria Group MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.1% Upside
$44.67 Price Target
Short Interest: Healthy
0.88% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -3.02
Upright™ Environmental Score
News Sentiment: 0.76
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.94%
From $5.06 to $5.31 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Consumer Staples Sector

217th out of 276 stocks

Cigarettes Industry

5th out of 12 stocks

1.0

Analyst's Opinion

Consensus Rating
Altria Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $44.67, Altria Group has a forecasted upside of 0.1% from its current price of $44.63.
Amount of Analyst Coverage
Altria Group has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.88% of the float of Altria Group has been sold short.
Short Interest Ratio / Days to Cover
Altria Group has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Altria Group has recently decreased by 5.26%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Leadership
Altria Group is a leading dividend payer. It pays a dividend yield of 8.48%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Altria Group has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Altria Group is 120.90%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Altria Group will have a dividend payout ratio of 70.81% next year. This indicates that Altria Group will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Altria Group has received a -353.88% net impact score from Upright. The largest negative impact of Altria in category "Physical diseases" seems to be driven mostly by its "Cigarettes", "Snus", and "Cigars" products. See details.
Environmental Sustainability
The Environmental Impact score for Altria Group is -3.02.

2.1

News and Social Media Coverage

News Sentiment
Altria Group has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Altria Group this week, compared to 10 articles on an average week.
Search Interest
Only 222 people have searched for MO on MarketBeat in the last 30 days. This is a decrease of -49% compared to the previous 30 days.
MarketBeat Follows
Only 54 people have added Altria Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altria Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.07% of the stock of Altria Group is held by insiders.
Percentage Held by Institutions
58.68% of the stock of Altria Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Altria Group are expected to grow by 4.94% in the coming year, from $5.06 to $5.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altria Group is 14.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altria Group is 14.35, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 15.27.
Price to Earnings Growth Ratio
Altria Group has a PEG Ratio of 2.19. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

About Altria Group (NYSE:MO) Stock

Altria Group, Inc. is a US-based tobacco company and one of the Big-3 tobacco companies internationally. The company was formerly known as Phillip Morris International but emerged with its new name in 2003. The rebranding was intended to help the company improve its image while it shifted away from the smokeable tobacco segments of the business. It is a Fortune 500 company and a member of the S&P 500. The company was a member of the Dow Jones Industrial Average for many years but fell from that position due to declining tobacco sales and the divestiture of businesses.

The company operates through a network of subsidiaries that include Phillip Morris USA. Phillip Morris USA is the core segment of business and includes the Marlboro line of cigarette brands. German immigrant Phillip Morris originally founded Phillip Morris in London in 1822. In 1844 the company began making its first line of machine-rolled cigarettes called English Ovals. The English Ovals remained in production in limited quantities until 2017.

By 1902 the company had moved to New York City, where it was incorporated. Operations continued uninterrupted until 1919, when it changed ownership, and then, in 1929, manufacturing operations were moved to Richmond, Virginia and closer to the tobacco fields.

Philip Morris made headlines again in 1933 when it integrated its manufacturing operations. This was done more than 30 years ahead of federal regulations and a ground-breaking move for the industry and America. After another multi-decade run of uninterrupted operations, the company began a series of acquisitions that included Miller Brewing, Kraft Foods and General Mills. Those acquisitions led to eventual mergers and spin-offs that resulted in SABMiller and Kraft General Mills.

Altria Group operates through a network of subsidiaries manufacturing and selling smokeable, smokeless and oral tobacco products. Subsidiaries include but not are limited to Philip Morris USA, John Middleton Inc. and U.S. Smokeless Tobacco Company. Brands include Marlboro, Marlboro Lights, Black & Mild, Copenhagen, Skoal, Red Sky and Husky. The company's principal customers are wholesalers and large retailers.

The company maintains a number of strategic partnerships as part of its efforts to shift away from smokeable tobacco. These include a 35% stake in JUUL smokeless tobacco products, a 45% stake in Canadian integrated cannabis company Cronos Group and a near-10% stake in ABInbev. These partnerships are intended to capitalize on smokeless tobacco and the legalization of cannabis at the US federal level.

Altria brought in more than $21 billion in 2021. The company employs more than 6,000 people and has paid more than $6.5 billion in cumulative dividends. The company’s operations help support more than 1,200 US farmers and are sold in over 300,000 US retail establishments. Altria continues to be a leader in workforce quality and has received numerous awards, including a spot on the National Business Consortium’s Best of the Best List for 2022.

Receive MO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Altria Group and its competitors with MarketBeat's FREE daily newsletter.

MO Stock News Headlines

May 17, 2023 | marketbeat.com

The 8 Best Agricultural ETFs to Consider for Your Portfolio (MO)

Agriculture ETFs involve investing in agriculture commodities such as sugar, corn, soybeans, coffee and wheat. Learn more.

June 1, 2023 | msn.com

Altria looks ahead after completing acquisition of NJOY

June 1, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 30, 2023 | seekingalpha.com

Altria: How And When Investors Could Get The Anticipated Special Dividend

May 29, 2023 | finance.yahoo.com

Top Tobacco Stocks for 2023

May 26, 2023 | msn.com

Altria Group Moves Closer to Closing NJOY Deal

May 26, 2023 | msn.com

Altria gets the green light to close on NJOY acquisition

May 24, 2023 | seekingalpha.com

Altria's Incredibly Low Valuation Makes It A Great Investment

June 1, 2023 | Edge On The Street (Ad)

ChatGPT Is Already "Old School"

As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.

May 23, 2023 | thestreet.com

Why Altria Group (MO) Stock Hit a One-Year High Today

May 22, 2023 | msn.com

Unusual Put Option Trade in Altria Group (MO) Worth $455.00K

May 22, 2023 | seekingalpha.com

With 8% Dividends Which Is The Best Choice - Altria Or British American Tobacco?

May 21, 2023 | seekingalpha.com

Recession Or Not, Altria's 8% Dividend Deserves Your Attention

May 19, 2023 | seekingalpha.com

The Altria Absurdity: Dividend Yield Approaching P/E

May 19, 2023 | americanbankingnews.com

Altria Group, Inc. (NYSE:MO) Given Average Rating of "Hold" by Brokerages

May 19, 2023 | thestreet.com

Altria Group (MO) Stock Closes Higher on Philip Morris E-Cigarette Deal Expansion

May 18, 2023 | finance.yahoo.com

Altria Holds 2023 Annual Meeting of Shareholders; Declares Regular Quarterly Dividend of $0.94 Per Share

May 18, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Altria Group (NYSE:MO)

May 18, 2023 | seekingalpha.com

Altria: Tobacco Market Under Pressure

May 18, 2023 | foxnews.com

Minnesota gets $60.5M in Juul, Altria youth vaping settlement

May 17, 2023 | finance.yahoo.com

Minnesota to announce details of settlement with e-cigarette maker Juul

May 17, 2023 | americanbankingnews.com

Altria Group, Inc. (NYSE:MO) Given Consensus Recommendation of "Hold" by Brokerages

May 17, 2023 | seekingalpha.com

Altria: Low P/E Ratio, High Dividend Yield, Risk/Reward Looks Attractive

May 14, 2023 | finance.yahoo.com

Altria Stock: Buy, Sell, or Hold?

May 13, 2023 | seekingalpha.com

Altria: The New Normal

May 12, 2023 | finance.yahoo.com

RPT-UPDATE 2-FDA issues marketing denial for 6,500 flavored e-cigarettes

May 12, 2023 | markets.businessinsider.com

Wagstaff & Cartmell Clients Resolve Major Litigation Against Tobacco Giant Altria Group

See More Headlines

MO Price History

30 days | 90 days | 365 days | Advanced Chart

MO Company Calendar

Ex-Dividend for 4/28 Dividend: 3/23/2023
Last Earnings: 4/27/2023
Dividend Payable: 4/28/2023
Today: 6/01/2023
Ex-Dividend for 7/10 Dividend: 6/14/2023
Dividend Payable: 7/10/2023
Next Earnings (Estimated): 7/27/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Cigarettes
Sub-Industry: Tobacco
Sector: Consumer Staples
Current Symbol: NYSE:MO
CUSIP: 02209S10
CIK: 764180
Web: www.altria.com
Phone: (804) 274-2200
Fax: 804-484-8231
Employees: 6,300
Year Founded: 1985

Price Target and Rating

Average Stock Price Forecast: $44.67
High Stock Price Forecast: $52.00
Low Stock Price Forecast: $36.00
Forecasted Upside/Downside: +0.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.11
Trailing P/E Ratio: 14.32
Forward P/E Ratio: 8.80
P/E Growth: 2.19
Net Income: $5.76 billion
Net Margins: 22.44%
Pretax Margin: 28.87%
Return on Equity: -245.43%
Return on Assets: 24.43%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.78
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $25.10 billion
Price / Sales: 3.17
Cash Flow: $5.02 per share
Price / Cash Flow: 8.86
Book Value: ($2.14) per share
Price / Book: -20.80

Miscellaneous

Outstanding Shares: 1,785,040,000
Free Float: 1,783,789,000
Market Cap: $79.47 billion
Optionable: Optionable
Beta: 0.59

Social Links

Key Executives

William F. Gifford
Chief Executive Officer & Director

Jody L. Begley
Chief Operating Officer & Executive Vice President

Salvatore Mancuso
Chief Financial Officer & Executive Vice President

Charles N. Whitaker
SVP, Chief Human Resources & Compliance Officer

Murray R. Garnick
Executive Vice President & General Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MO Stock - Frequently Asked Questions

Should I buy or sell Altria Group stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MO, but not buy additional shares or sell existing shares.
View MO analyst ratings or view top-rated stocks.
What is Altria Group's stock price forecast for 2023?: 9 Wall Street analysts have issued 12-month price objectives for Altria Group's stock. Their MO share price forecasts range from $36.00 to $52.00. On average, they predict the company's share price to reach $44.67 in the next year. This suggests a possible upside of 0.3% from the stock's current price.
View analysts price targets for MO or view top-rated stocks among Wall Street analysts.
How have MO shares performed in 2023?: Altria Group's stock was trading at $45.71 at the beginning of 2023. Since then, MO stock has decreased by 2.6% and is now trading at $44.53.
View the best growth stocks for 2023 here.
When is Altria Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MO earnings forecast.
How were Altria Group's earnings last quarter?: Altria Group, Inc. (NYSE:MO) issued its quarterly earnings results on Thursday, April, 27th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by $0.01. The business earned $4.76 billion during the quarter, compared to analyst estimates of $4.89 billion. Altria Group had a net margin of 22.44% and a negative trailing twelve-month return on equity of 245.43%. The business's revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share.
Read the conference call transcript.
How often does Altria Group pay dividends? What is the dividend yield for Altria Group?: Altria Group declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.94 per share on Monday, July 10th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for MO.
What ETFs hold Altria Group's stock?: ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include Cambria Cannabis ETF (TOKE), ETC 6 Meridian Mega Cap Equity ETF (SIXA), ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH), WBI Power Factor High Dividend ETF (WBIY), Formidable ETF (FORH), First Trust Morningstar Dividend Leaders Index (FDL), WBI BullBear Yield 3000 ETF (WBIG) and VanEck Durable High Dividend ETF (DURA).
Is Altria Group a good dividend stock?: Altria Group (NYSE:MO) pays an annual dividend of $3.76 per share and currently has a dividend yield of 8.48%. MO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 120.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MO will have a dividend payout ratio of 70.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

What guidance has Altria Group issued on next quarter's earnings?: Altria Group issued an update on its FY23 earnings guidance on Thursday, June, 1st. The company provided EPS guidance of $4.89-5.03 for the period, compared to the consensus EPS estimate of $5.05.
What is Billy Gifford's approval rating as Altria Group's CEO?: 15 employees have rated Altria Group Chief Executive Officer Billy Gifford on Glassdoor.com. Billy Gifford has an approval rating of 78% among the company's employees.
What other stocks do shareholders of Altria Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Altria Group investors own include AT&T (T), Philip Morris International (PM), AbbVie (ABBV), Coca-Cola (KO), Verizon Communications (VZ), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Pfizer (PFE), Intel (INTC) and Bank of America (BAC).
What is Altria Group's stock symbol?: Altria Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MO."
Who are Altria Group's major shareholders?: Altria Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.76%), State Street Corp (3.88%), Charles Schwab Investment Management Inc. (2.35%), Geode Capital Management LLC (2.01%), FMR LLC (1.41%) and Bank of New York Mellon Corp (1.01%).
View institutional ownership trends.
How do I buy shares of Altria Group?: Shares of MO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Altria Group's stock price today?: One share of MO stock can currently be purchased for approximately $44.53.
How much money does Altria Group make?: Altria Group (NYSE:MO) has a market capitalization of $79.49 billion and generates $25.10 billion in revenue each year. The company earns $5.76 billion in net income (profit) each year or $3.11 on an earnings per share basis.
How many employees does Altria Group have?: The company employs 6,300 workers across the globe.
How can I contact Altria Group?: Altria Group's mailing address is 6601 WEST BROAD STREET, RICHMOND VA, 23230. The official website for the company is www.altria.com. The company can be reached via phone at (804) 274-2200 or via fax at 804-484-8231.

This page (NYSE:MO) was last updated on 6/1/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial