Altria Group Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Altria Group stock. 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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8 brokerages have issued 12-month target prices for Altria Group's shares. Their MO stock forecasts range from $43.00 to $60.00. On average, they anticipate Altria Group's share price to reach $50.75 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
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Altria Group's stock was trading at $47.39 at the beginning of 2022. Since then, MO shares have decreased by 8.3% and is now trading at $43.47.
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Altria Group is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
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Altria Group will be holding an earnings conference call on Thursday, July 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Altria Group, Inc. (NYSE:MO) released its earnings results on Thursday, April, 28th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.03. The firm earned $4.82 billion during the quarter, compared to analysts' expectations of $4.88 billion. Altria Group had a negative trailing twelve-month return on equity of 2,506.92% and a net margin of 11.64%. The business's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share.
View Altria Group's earnings history.

Altria Group announced a quarterly dividend on Thursday, May 19th. Investors of record on Wednesday, June 15th will be given a dividend of $0.90 per share on Monday, July 11th. This represents a $3.60 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Tuesday, June 14th.
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Altria Group(NYSE:MO) pays an annual dividend of $3.60 per share and currently has a dividend yield of 8.29%. MO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Altria Group has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Altria Group is 219.51%. 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 70.18% next year. This indicates that Altria Group will be able to sustain or increase its dividend.
View Altria Group's dividend history.

Altria Group declared that its board has approved a stock buyback program on Thursday, January 28th 2021, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Altria Group issued an update on its FY 2022 earnings guidance on Thursday, June, 16th. The company provided earnings per share guidance of $4.79-$4.93 for the period, compared to the consensus EPS estimate of $4.86. The company issued revenue guidance of -.

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), Electronic Cigarettes International Group (ECIGQ) and White Fox Ventures (AWAW).
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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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.69%), BlackRock Inc. (6.62%), Capital World Investors (6.19%), State Street Corp (3.89%), Charles Schwab Investment Management Inc. (2.01%) and Bank of New York Mellon Corp (1.17%).
View institutional ownership trends for Altria Group.

MO stock was sold by a variety of institutional investors in the last quarter, including Coho Partners Ltd., Arrowstreet Capital Limited Partnership, Van ECK Associates Corp, Prudential Financial Inc., State Street Corp, Wellington Management Group LLP, Bank of New York Mellon Corp, and Capital Research Global Investors.
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MO stock was acquired by a variety of institutional investors in the last quarter, including GQG Partners LLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., BlackRock Inc., Renaissance Technologies LLC, Swiss National Bank, Pacer Advisors Inc., and Cibc World Markets Corp.
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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 $43.47.

Altria Group (NYSE:MO) has a market capitalization of $78.71 billion and generates $26.01 billion in revenue each year. The company earns $2.48 billion in net income (profit) each year or $1.639990 on an earnings per share basis.

Altria Group employs 6,000 workers across the globe.

Altria Group was founded in 1985.

Altria Group's mailing address is 6601 WEST BROAD STREET, RICHMOND VA, 23230. The official website for Altria Group is www.altria.com. The company can be reached via phone at (804) 274-2200 or via fax at 804-484-8231.