Altria Group (MO) Stock Price, News & Analysis

$42.88
+0.01 (+0.02%)
(As of 10:45 AM ET)
Today's Range
$42.40
$42.89
50-Day Range
$39.73
$44.94
52-Week Range
$39.06
$48.04
Volume
1.79 million shs
Average Volume
11.81 million shs
Market Capitalization
$73.65 billion
P/E Ratio
9.38
Dividend Yield
9.14%
Price Target
$46.90

Altria Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
9.4% Upside
$46.90 Price Target
Short Interest
Bearish
3.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
0.84mentions of Altria Group in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.73%
From $5.09 to $5.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.84 out of 5 stars

Consumer Staples Sector

89th out of 131 stocks

Cigarettes Industry

3rd out of 5 stocks

MO stock logo

About Altria Group Stock (NYSE:MO)

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.

MO Stock Price History

MO Stock News Headlines

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Altria Group (NYSE:MO) Trading Up 1.2%
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Altria Stock: Buy, Sell, or Hold?
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A Neutral View of Altria Despite High Dividends
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Altria Group (NYSE:MO) Shares Down 0.1%
StockNews.com Lowers Altria Group (NYSE:MO) to Hold
Altria to Host Webcast of 2024 First-Quarter Results
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 4/30 Dividend
3/22/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/25/2024
Dividend Payable
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cigarettes
Sub-Industry
Tobacco
CUSIP
02209S10
Employees
6,400
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$46.90
High Stock Price Target
$56.00
Low Stock Price Target
$36.50
Potential Upside/Downside
+9.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$8.13 billion
Pretax Margin
44.63%

Debt

Sales & Book Value

Annual Sales
$24.48 billion
Cash Flow
$5.17 per share
Book Value
($1.97) per share

Miscellaneous

Outstanding Shares
1,717,630,000
Free Float
1,716,080,000
Market Cap
$73.63 billion
Optionable
Optionable
Beta
0.65

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Should I Buy Altria Group Stock? MO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Altria Group, Inc.:

  • Altria Group, Inc. has a strong dividend yield of 9.40%, providing investors with a steady income stream.
  • The company has a long history dating back to 1822, showcasing stability and resilience in the market.
  • Recent share buyback plans indicate that the company believes its stock is undervalued, potentially leading to future stock price appreciation.
  • Altria Group's diverse product portfolio, including smokeable and oral tobacco products, offers a range of revenue streams.
  • Positive analyst ratings and price target upgrades suggest confidence in the company's performance and potential growth.

Cons

Investors should be bearish about investing in Altria Group, Inc. for these reasons:

  • Altria Group's negative return on equity of 244.55% raises concerns about the company's profitability and financial health.
  • The declining revenue trend, down 1.2% year-over-year, may indicate challenges in maintaining sales growth.
  • The high dividend payout ratio of 85.78% suggests that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.
  • Regulatory pressures and changing consumer preferences towards tobacco products pose long-term risks to the company's business model.
  • Altria Group's stock has received a "sell" rating from some analysts, signaling caution regarding the company's future performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Altria Group pros and cons to contact@marketbeat.com.

MO Stock Analysis - Frequently Asked Questions

Should I buy or sell Altria Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 1 sell rating, 1 hold rating 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 target for 2024?

4 brokerages have issued 12 month price targets for Altria Group's stock. Their MO share price targets range from $36.50 to $56.00. On average, they expect the company's stock price to reach $46.90 in the next year. This suggests a possible upside of 9.4% 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 2024?

Altria Group's stock was trading at $40.34 at the beginning of the year. Since then, MO stock has increased by 6.3% and is now trading at $42.87.
View the best growth stocks for 2024 here
.

Are investors shorting Altria Group?

Altria Group saw a increase in short interest in March. As of March 31st, there was short interest totaling 60,340,000 shares, an increase of 315.3% from the March 15th total of 14,530,000 shares. Based on an average daily volume of 11,850,000 shares, the short-interest ratio is currently 5.1 days. Approximately 3.4% of the company's stock are sold short.
View Altria Group's Short Interest
.

When is Altria Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MO earnings forecast
.

How can I listen to Altria Group's earnings call?

Altria Group will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Altria Group's earnings last quarter?

Altria Group, Inc. (NYSE:MO) announced its quarterly earnings data on Thursday, February, 1st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. The business earned $5.02 billion during the quarter, compared to analyst estimates of $5.06 billion. Altria Group had a negative trailing twelve-month return on equity of 244.55% and a net margin of 33.21%. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 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, February 29th. Stockholders of record on Monday, March 25th will be given a dividend of $0.98 per share on Tuesday, April 30th. This represents a $3.92 annualized dividend and a yield of 9.14%. The ex-dividend date is Friday, March 22nd.
Read our dividend analysis for MO
.

Is Altria Group a good dividend stock?

Altria Group (NYSE:MO) pays an annual dividend of $3.92 per share and currently has a dividend yield of 9.21%. 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 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.78%. 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 74.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

How will Altria Group's stock buyback program work?

Altria Group declared that its board has authorized a share buyback program on Thursday, February 1st 2024, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

What guidance has Altria Group issued on next quarter's earnings?

Altria Group issued an update on its FY24 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of $5.05-$5.17 for the period, compared to the consensus earnings per share 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).

Who are Altria Group's major shareholders?

Altria Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Raymond James & Associates (0.09%), Allspring Global Investments Holdings LLC (0.07%), Raymond James Financial Services Advisors Inc. (0.06%), State of Michigan Retirement System (0.03%) and Wealth Enhancement Advisory Services LLC (0.02%). Insiders that own company stock include Ellen R Strahlman and Robert Matthews Davis.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MO) was last updated on 4/24/2024 by MarketBeat.com Staff

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