Altria Group Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Altria Group stock.
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Altria Group saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 16,540,000 shares, an increase of 21.1% from the May 31st total of 13,660,000 shares. Based on an average daily trading volume, of 9,060,000 shares, the days-to-cover ratio is currently 1.8 days.
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Altria Group is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for Altria Group.

Altria Group, Inc. (NYSE:MO) posted its quarterly earnings data on Wednesday, July, 28th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.05. 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MO shares have increased by 18.7% and is now trading at $48.04.
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Altria Group declared a quarterly dividend on Thursday, May 20th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.86 per share on Friday, July 9th. This represents a $3.44 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date is Monday, June 14th.
View Altria Group's dividend history.

Altria Group pays an annual dividend of $3.44 per share and currently has a dividend yield of 7.16%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Altria Group is 78.90%. 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 71.22% 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 has approved a share repurchase plan 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 buy up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Altria Group updated its FY 2021 earnings guidance on Thursday, July, 29th. 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 analysts have issued 12 month price objectives for Altria Group's shares. Their forecasts range from $46.00 to $58.00. On average, they expect Altria Group's stock price to reach $53.71 in the next year. This suggests a possible upside of 11.8% 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), Electronic Cigarettes International Group (ECIGQ) and White Fox Ventures (AWAW).
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 number of institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (0.15%), State of Michigan Retirement System (0.07%), Oregon Public Employees Retirement Fund (0.04%), Rathbone Brothers plc (0.04%), Zurcher Kantonalbank Zurich Cantonalbank (0.03%) and Calamos Advisors LLC (0.02%).
View institutional ownership trends for Altria Group.

MO stock was sold by a variety of institutional investors in the last quarter, including GSB Wealth Management LLC, Exchange Traded Concepts LLC, Oregon Public Employees Retirement Fund, Sanders Morris Harris LLC, Viking Fund Management LLC, Heritage Investors Management Corp, Arkadios Wealth Advisors, and Arden Trust Co.
View insider buying and selling activity for Altria Group or view top insider-selling stocks.

MO stock was acquired by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank , MUFG Securities EMEA plc, Rathbone Brothers plc, Calamos Advisors LLC, Dupont Capital Management Corp, Cutler Group LP, Brookstone Capital Management, and Bowling Portfolio Management LLC.
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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 $48.04.

Altria Group has a market capitalization of $88.90 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.