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Altria Group (MO) Stock Forecast, Price & News

$42.66
-0.25 (-0.58%)
(As of 11:40 AM ET)
Compare
Today's Range
$42.59
$42.94
50-Day Range
$42.56
$45.66
52-Week Range
$40.35
$51.57
Volume
1.53 million shs
Average Volume
7.79 million shs
Market Capitalization
$75.70 billion
P/E Ratio
11.20
Dividend Yield
9.19%
Price Target
$47.50

Altria Group MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
10.7% Upside
$47.50 Price Target
Short Interest
Healthy
0.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
1.27mentions of Altria Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.40%
From $5.00 to $5.17 Per Share

Overall MarketRank

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

2.13 out of 5 stars

Consumer Staples Sector

93rd out of 136 stocks

Cigarettes Industry

3rd out of 6 stocks


MO stock logo

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.

MO Price History

MO Stock News Headlines

Are These Consumer Staples Too Cheap for Investors To Ignore?
The consumer staples sector is beaten down and offering a significant value and high yield for long-term-minded investors
5 Best REIT Alternatives for Passive Real Estate Income (MO)
REITs can offer passive income opportunities for many investors, but what are some alternative investments for REITs? Learn more.
WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
Dividend Kings With the Highest Yield: 6 High Yields in 5 Minutes
These are the highest-yielding Dividend Kings in 2023 but which is the right 1 to buy? Read on to find out which of these stocks is worth the time.
What is a Good Dividend Yield? How to Decide (MO)
A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.
14 Best Consumer Staples Dividend Stocks (MO)
Consumer staples dividend stocks may have consistent growth and low volatility. Check out the best consumer staples dividend stocks on our list.
What is the Consumer Staples Sector?
The consumer staples sector is a sector that contains products consumers use and which people cannot (or won’t) cut out of their budget. Learn more.
What Are Consumer Staples Stocks? (MO)
Consumer staples stocks come from companies that produce in-demand goods and offer investors a safe harbor during inflation. Learn more.
WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
The 8 Best Agricultural ETFs to Consider for Your Portfolio
Agriculture ETFs involve investing in agriculture commodities such as sugar, corn, soybeans, coffee and wheat. Learn more.
5 Best High-Yield Dividend Stocks for Any Economic Climate (MO)
If you're in search of a company that offers high dividends in any economic climate, consider our list of the best high-yield dividend stocks. Learn more.
5 High-Yielding S&P Stocks: Is It The Right Time To Buy? (MO)
While high-yielding stocks in the S&P 500 offer potential rewards, it's crucial to be aware of associated risks, as a high yield may indicate trouble brewing.
Altria (MO) Stock Moves -0.3%: What You Should Know
Traders Purchase Large Volume of Altria Group Call Options (NYSE:MO)
Altria Group Shares Cross 9% Yield Mark
What's Going On With Altria Stock?
1 Red Flag for Altria Stock Investors and 1 Green Flag
See More Headlines
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MO Company Calendar

Ex-Dividend for 7/10 Dividend
6/14/2023
Dividend Payable
7/10/2023
Last Earnings
8/01/2023
Ex-Dividend for 10/10 Dividend
9/14/2023
Today
9/22/2023
Dividend Payable
10/10/2023
Next Earnings (Confirmed)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Cigarettes
Sub-Industry
Tobacco
CUSIP
02209S10
Employees
6,300
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$47.50
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+10.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$5.76 billion
Pretax Margin
33.74%

Debt

Sales & Book Value

Annual Sales
$25.10 billion
Cash Flow
$4.99 per share
Book Value
($2.19) per share

Miscellaneous

Outstanding Shares
1,774,610,000
Free Float
1,773,368,000
Market Cap
$76.15 billion
Optionable
Optionable
Beta
0.59

Social Links

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Key Executives

  • Mr. William F. Gifford Jr.Mr. William F. Gifford Jr. (Age 53)
    CEO & Director
  • Mr. Salvatore MancusoMr. Salvatore Mancuso (Age 57)
    Exec. VP & CFO
    Comp: $3.28M
  • Mr. Jody L. BegleyMr. Jody L. Begley (Age 51)
    Exec. VP & COO
    Comp: $3.29M
  • Mr. Murray R. Garnick (Age 63)
    Exec. VP & Gen. Counsel
    Comp: $4.57M
  • Ms. Heather A. Newman (Age 46)
    Sr. VP & Chief Strategy and Growth Officer
    Comp: $2.38M
  • Mr. Charles N. Whitaker (Age 56)
    Sr. VP, Chief HR Officer & Chief Compliance Officer
  • Mr. Mac Livingston
    VP of Investor Relations
  • Ms. Shannon Leistra
    Pres & CEO of NJOY, LLC
  • Mr. Michael Thorne-Begland
    VP and Chief Inclusion, Diversity & Equity Officer - Altria Client Services LLC
  • Ms. Paige Magness
    Sr. VP of Regulatory Affairs - Altria Client Services LLC













MO Stock - Frequently Asked Questions

Should I buy or sell Altria Group stock right now?

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

What is Altria Group's stock price forecast for 2023?

5 brokers have issued 1 year price targets for Altria Group's shares. Their MO share price forecasts range from $38.00 to $55.00. On average, they anticipate the company's stock price to reach $47.50 in the next twelve months. This suggests a possible upside of 11.2% 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 the year. Since then, MO stock has decreased by 6.6% and is now trading at $42.71.
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, October 26th 2023.
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, October 26th 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) released its quarterly earnings data on Tuesday, August, 1st. The company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. The firm earned $5.44 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS.
Read the conference call transcript
.

How often does Altria Group pay dividends? What is the dividend yield for Altria Group?

Altria Group announced a quarterly dividend on Thursday, August 24th. Investors of record on Friday, September 15th will be paid 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 9.18%. 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
.

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 9.11%. 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.

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

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

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 retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (61.64%), BlackRock Inc. (6.71%), Capital World Investors (5.43%), State Street Corp (3.98%), Charles Schwab Investment Management Inc. (2.46%) and Geode Capital Management LLC (2.09%).
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 $42.71.

How much money does Altria Group make?

Altria Group (NYSE:MO) has a market capitalization of $75.79 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.

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 9/22/2023 by MarketBeat.com Staff

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