Altria Group Stock Price, Forecast & Analysis (NYSE:MO)

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

Altria Group announced a quarterly dividend on Thursday, August 22nd. Shareholders of record on Monday, September 16th will be given a dividend of $0.84 per share on Thursday, October 10th. This represents a $3.36 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Altria Group's previous quarterly dividend of $0.80. View Altria Group's Dividend History.

Altria Group announced that its Board of Directors has approved a share buyback program on Tuesday, July 30th 2019, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 1.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Altria Group Inc (NYSE:MO) posted its earnings results on Thursday, October, 31st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm earned $5.41 billion during the quarter, compared to analysts' expectations of $5.34 billion. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. View Altria Group's Earnings History.

Altria Group is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Altria Group.

Altria Group updated its FY19 earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $4.19-4.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.19.

13 brokers have issued 1 year target prices for Altria Group's shares. Their forecasts range from $44.00 to $68.00. On average, they expect Altria Group's stock price to reach $54.35 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View Analyst Price Targets for Altria Group.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altria Group.

Headlines about MO stock have been trending somewhat positive this week, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Altria Group earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Altria Group.

Some companies that are related to Altria Group include Philip Morris International (PM), Vector Group (VGR), Universal (UVV), Alliance One International (AOI) and Lorillard (LO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altria Group investors own include AT&T (T), Verizon Communications (VZ), Philip Morris International (PM), AbbVie (ABBV), Bank of America (BAC), General Electric (GE), Ford Motor (F), Wells Fargo & Co (WFC), NVIDIA (NVDA) and JPMorgan Chase & Co. (JPM).

Altria Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), First Trust Advisors LP (0.17%), Rhumbline Advisers (0.16%), New York State Teachers Retirement System (0.15%) and Eagle Asset Management Inc. (0.12%). Company insiders that own Altria Group stock include Brian W Quigley, Craig A Johnson, Dinyar S Devitre, Ivan S Feldman, James E Dillard III, Jody L Begley, Mark Newman, Nabil Y Sakkab, W Hildebrandt Surgner Jr and W Hildebrandt Surgner, Jr. View Institutional Ownership Trends for Altria Group.

MO stock was sold by a variety of institutional investors in the last quarter, including Teacher Retirement System of Texas, Massachusetts Financial Services Co. MA, State of New Jersey Common Pension Fund D, SG Americas Securities LLC, Mackay Shields LLC, Coho Partners Ltd., State of Alaska Department of Revenue and Robeco Institutional Asset Management B.V.. Company insiders that have sold Altria Group company stock in the last year include Ivan S Feldman, Jody L Begley and W Hildebrandt Surgner, Jr. View Insider Buying and Selling for Altria Group.

MO stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Envestnet Asset Management Inc., Commerzbank Aktiengesellschaft FI, First Trust Advisors LP, Foundry Partners LLC, Assenagon Asset Management S.A., Strs Ohio and Empire Life Investments Inc.. Company insiders that have bought Altria Group stock in the last two years include Mark Newman and Nabil Y Sakkab. View Insider Buying and Selling for Altria Group.

Shares of MO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MO stock can currently be purchased for approximately $46.83.

Altria Group has a market capitalization of $87.48 billion and generates $25.36 billion in revenue each year. The company earns $6.96 billion in net income (profit) each year or $3.99 on an earnings per share basis. Altria Group employs 8,300 workers across the globe.View Additional Information About Altria Group.

The official website for Altria Group is http://www.altria.com/.

Altria Group's mailing address is 6601 WEST BROAD STREET, RICHMOND VA, 23230. The company can be reached via phone at 804-274-2200.