Altria Group - MO Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 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.
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11 brokerages have issued 12-month price objectives for Altria Group's stock. Their MO share price forecasts range from $36.00 to $57.00. On average, they anticipate the company's stock price to reach $46.64 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
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Altria Group's stock was trading at $47.39 on January 1st, 2022. Since then, MO stock has decreased by 0.8% and is now trading at $47.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MO earnings forecast.

Altria Group, Inc. (NYSE:MO) released its quarterly earnings data on Thursday, October, 27th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.30 by $0.02. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.59 billion. Altria Group had a net margin of 18.61% and a negative trailing twelve-month return on equity of 345.98%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share.
Read the conference call transcript.

Altria Group declared a quarterly dividend on Thursday, August 25th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.94 per share on Tuesday, October 11th. This represents a $3.76 annualized dividend and a dividend yield of 8.00%. The ex-dividend date of this dividend is Wednesday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for MO.

Altria Group (NYSE:MO) pays an annual dividend of $3.76 per share and currently has a dividend yield of 8.07%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 146.30%. 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 74.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

Altria Group declared that its Board of Directors has initiated a share buyback plan on Thursday, January 28th 2021, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Altria Group issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $4.81-$4.89 for the period, compared to the consensus estimate of $4.85. The company issued revenue guidance of -.

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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.88%), BlackRock Inc. (7.38%), State Street Corp (3.99%), Bank of New York Mellon Corp (1.37%), Fayez Sarofim & Co (0.71%) and Two Sigma Advisers LP (0.40%).
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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 $47.01.

Altria Group (NYSE:MO) has a market capitalization of $84.25 billion and generates $26.01 billion in revenue each year. The company earns $2.48 billion in net income (profit) each year or $2.57 on an earnings per share basis.

The company employs 6,000 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.