Altria Group (MO) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.

5 Wall Street research analysts have issued 12-month target prices for Altria Group's stock. Their MO share price forecasts range from $38.00 to $55.00. On average, they expect the company's share price to reach $47.50 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for MO or view top-rated stocks among Wall Street analysts.

Altria Group's stock was trading at $45.71 at the beginning of the year. Since then, MO shares have decreased by 10.0% and is now trading at $41.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MO earnings forecast.

Altria Group will be holding an earnings conference call on Thursday, October 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Altria Group, Inc. (NYSE:MO) issued its quarterly earnings results on Tuesday, August, 1st. The company reported $1.31 earnings per share for the quarter, meeting analysts' consensus estimates of $1.31. The business earned $5.44 billion during the quarter, compared to analyst estimates of $5.43 billion. Altria Group had a net margin of 27.40% and a negative trailing twelve-month return on equity of 225.61%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS.
Read the conference call transcript.

Altria Group declared a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be given a dividend of $0.98 per share on Tuesday, October 10th. This represents a $3.92 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.94.
Read our dividend analysis for MO.

ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), Cambria Cannabis ETF (TOKE), ETC 6 Meridian Mega Cap Equity ETF (SIXA), ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH), First Trust Morningstar Dividend Leaders Index (FDL), Formidable ETF (FORH), WBI BullBear Yield 3000 ETF (WBIG) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

Altria Group (NYSE:MO) pays an annual dividend of $3.92 per share and currently has a dividend yield of 9.32%. 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 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 102.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MO will have a dividend payout ratio of 75.82% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MO.

Altria Group updated its FY23 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $4.89-5.03 for the period, compared to the consensus earnings per share estimate of $4.99.

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.

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).

Altria Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MO."

Altria Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.00%).
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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.
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One share of MO stock can currently be purchased for approximately $41.13.

Altria Group (NYSE:MO) has a market capitalization of $72.99 billion and generates $25.10 billion in revenue each year. The company earns $5.76 billion in net income (profit) each year or $3.81 on an earnings per share basis.

The company employs 6,300 workers across the globe.

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.