Altria Group (MO) Stock Forecast, Price & News

5 Wall Street 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 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.
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5 analysts have issued twelve-month 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 share price to reach $47.50 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
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Altria Group's stock was trading at $45.71 at the start of the year. Since then, MO shares have decreased by 7.4% and is now trading at $42.33.
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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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.31. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate 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 business's revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS.
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Altria Group announced 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 9.26%. The ex-dividend date is Thursday, September 14th. This is a boost 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 9.26%. 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 issued an update on its FY23 earnings guidance on Tuesday, August, 1st. The company provided EPS 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 many different 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%).
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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 $42.33.

Altria Group (NYSE:MO) has a market capitalization of $75.12 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.