NYSE:MO - Altria Group Stock Price, Forecast & News

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. Stockholders of record on Monday, September 16th will be paid a dividend of $0.84 per share on Thursday, October 10th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Friday, September 13th. This is a boost 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 initiated a stock buyback plan on Tuesday, July 30th 2019, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 1.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are undervalued.

Altria Group Inc (NYSE:MO) announced its earnings results on Thursday, October, 31st. The company reported $1.19 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.15 by $0.04. The business earned $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. Altria Group's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. 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 estimate of $4.19.

12 brokerages have issued 1-year target prices for Altria Group's shares. Their forecasts range from $44.00 to $68.00. On average, they anticipate Altria Group's share price to reach $54.43 in the next year. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Altria Group.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altria Group.

Media stories about MO stock have trended extremely negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Altria Group earned a coverage optimism score of -4.2 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock'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), British American Tobacco (BTI), Vector Group (VGR), mCig (MCIG) and White Fox Ventures (AWAW).

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 many different of institutional and retail investors. Top institutional investors include State Street Corp (4.22%), Massachusetts Financial Services Co. MA (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Parametric Portfolio Associates LLC (0.23%), First Trust Advisors LP (0.17%) and Rhumbline Advisers (0.16%). 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, Parametric Portfolio Associates LLC, SG Americas Securities LLC, Stifel Financial Corp, Mackay Shields LLC and Coho Partners Ltd.. 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 acquired by a variety of institutional investors in the last quarter, including State Street Corp, Voloridge Investment Management LLC, Retirement Systems of Alabama, Envestnet Asset Management Inc., Commerzbank Aktiengesellschaft FI, First Trust Advisors LP, Foundry Partners LLC and Assenagon Asset Management S.A.. 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 $50.41.

Altria Group has a market capitalization of $94.17 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.