Altria Group Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Altria Group stock.
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Altria Group saw a decrease in short interest in August. As of August 13th, there was short interest totaling 11,220,000 shares, a decrease of 15.4% from the July 29th total of 13,260,000 shares. Based on an average daily trading volume, of 6,620,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.6% of the company's shares are sold short.
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Altria Group is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Altria Group.

Altria Group will be holding an earnings conference call on Thursday, October 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Altria Group, Inc. (NYSE:MO) announced its quarterly earnings results on Wednesday, July, 28th. The company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.05. The company earned $5.61 billion during the quarter, compared to analysts' expectations of $5.36 billion. Altria Group had a net margin of 17.22% and a trailing twelve-month return on equity of 268.09%.
View Altria Group's earnings history.

Altria Group's stock was trading at $40.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MO shares have increased by 20.1% and is now trading at $48.61.
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Altria Group announced a quarterly dividend on Thursday, August 26th. Stockholders of record on Wednesday, September 15th will be paid a dividend of $0.90 per share on Tuesday, October 12th. This represents a $3.60 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend is Tuesday, September 14th. This is a boost from Altria Group's previous quarterly dividend of $0.86.
View Altria Group's dividend history.

Altria Group pays an annual dividend of $3.60 per share and currently has a dividend yield of 7.38%. MO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Altria Group is 82.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Altria Group will have a dividend payout ratio of 74.23% next year. This indicates that Altria Group will be able to sustain or increase its dividend.
View Altria Group's dividend history.

Altria Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, January 28th 2021, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Altria Group updated its FY 2021 earnings guidance on Thursday, August, 5th. The company provided EPS guidance of $4.560-$4.620 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.590. The company issued revenue guidance of -.

10 Wall Street analysts have issued 12 month price targets for Altria Group's shares. Their forecasts range from $46.00 to $58.00. On average, they anticipate Altria Group's stock price to reach $53.71 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
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15 employees have rated Altria Group CEO Billy Gifford on Glassdoor.com. Billy Gifford has an approval rating of 78% among Altria Group's employees.

Some companies that are related to Altria Group include Philip Morris International (PM), British American Tobacco (BTI), Swedish Match AB (publ) (SWMAY), RLX Technology (RLX), Vector Group (VGR), 22nd Century Group (XXII), BOTS (BTZI), White Fox Ventures (AWAW) and Electronic Cigarettes International Group (ECIGQ).
View all of MO's competitors.

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), The 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.29%), BlackRock Inc. (6.60%), State Street Corp (3.78%), FMR LLC (3.00%), Charles Schwab Investment Management Inc. (1.67%) and Geode Capital Management LLC (1.58%).
View institutional ownership trends for Altria Group.

MO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Independent Franchise Partners LLP, GQG Partners LLC, Bank of New York Mellon Corp, Epoch Investment Partners Inc., GSB Wealth Management LLC, and Cibc World Markets Corp.
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MO stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., First Trust Advisors LP, Charles Schwab Investment Management Inc., State Street Corp, FMR LLC, Morgan Stanley, Morgan Stanley, and Geode Capital Management LLC.
View insider buying and selling activity for Altria Group or or view top insider-buying stocks.

Shares of MO 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 $48.61.

Altria Group has a market capitalization of $89.64 billion and generates $26.15 billion in revenue each year. The company earns $4.47 billion in net income (profit) each year or $4.36 on an earnings per share basis.

Altria Group employs 7,100 workers across the globe.

Altria Group was founded in 1985.

The official website for Altria Group is www.altria.com.

Altria Group is headquartered at 6601 WEST BROAD STREET, RICHMOND VA, 23230.

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