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NYSE:MO

Altria Group - MO Stock Forecast, Price & News

$43.97
+0.51 (+1.17%)
(As of 03/24/2023 04:28 PM ET)
Add
Compare
Today's Range
$43.40
▼
$43.99
50-Day Range
$43.46
▼
$48.07
52-Week Range
$40.35
▼
$57.05
Volume
9.47 million shs
Average Volume
8.53 million shs
Market Capitalization
$78.51 billion
P/E Ratio
13.78
Dividend Yield
8.55%
Price Target
$46.23

Altria Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.1% Upside
$46.23 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.15
Upright™ Environmental Score
News Sentiment
0.74mentions of Altria Group in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.53%
From $5.06 to $5.34 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Consumer Staples Sector

104th out of 138 stocks

Cigarettes Industry

4th out of 5 stocks

See Top Rated MarketRank™ Stocks Here

MO stock logo

About Altria Group (NYSE:MO) Stock

Altria Group, Inc. is a US-based tobacco company and one of the Big-3 tobacco companies internationally. The company was formerly known as Phillip Morris International but emerged with its new name in 2003. The rebranding was intended to help the company improve its image while it shifted away from the smokeable tobacco segments of the business. It is a Fortune 500 company and a member of the S&P 500. The company was a member of the Dow Jones Industrial Average for many years but fell from that position due to declining tobacco sales and the divestiture of businesses.

The company operates through a network of subsidiaries that include Phillip Morris USA. Phillip Morris USA is the core segment of business and includes the Marlboro line of cigarette brands. German immigrant Phillip Morris originally founded Phillip Morris in London in 1822. In 1844 the company began making its first line of machine-rolled cigarettes called English Ovals. The English Ovals remained in production in limited quantities until 2017.

By 1902 the company had moved to New York City, where it was incorporated. Operations continued uninterrupted until 1919, when it changed ownership, and then, in 1929, manufacturing operations were moved to Richmond, Virginia and closer to the tobacco fields.

Philip Morris made headlines again in 1933 when it integrated its manufacturing operations. This was done more than 30 years ahead of federal regulations and a ground-breaking move for the industry and America. After another multi-decade run of uninterrupted operations, the company began a series of acquisitions that included Miller Brewing, Kraft Foods and General Mills. Those acquisitions led to eventual mergers and spin-offs that resulted in SABMiller and Kraft General Mills.

Altria Group operates through a network of subsidiaries manufacturing and selling smokeable, smokeless and oral tobacco products. Subsidiaries include but not are limited to Philip Morris USA, John Middleton Inc. and U.S. Smokeless Tobacco Company. Brands include Marlboro, Marlboro Lights, Black & Mild, Copenhagen, Skoal, Red Sky and Husky. The company's principal customers are wholesalers and large retailers.

The company maintains a number of strategic partnerships as part of its efforts to shift away from smokeable tobacco. These include a 35% stake in JUUL smokeless tobacco products, a 45% stake in Canadian integrated cannabis company Cronos Group and a near-10% stake in ABInbev. These partnerships are intended to capitalize on smokeless tobacco and the legalization of cannabis at the US federal level.

Altria brought in more than $21 billion in 2021. The company employs more than 6,000 people and has paid more than $6.5 billion in cumulative dividends. The company’s operations help support more than 1,200 US farmers and are sold in over 300,000 US retail establishments. Altria continues to be a leader in workforce quality and has received numerous awards, including a spot on the National Business Consortium’s Best of the Best List for 2022.

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MO Stock News Headlines

March 24, 2023 | marketbeat.com
14 Best Consumer Staples Dividend Stocks (MO)
Consumer staples dividend stocks may have consistent growth and low volatility. Check out the best consumer staples dividend stocks on our list.
March 22, 2023 | marketbeat.com
What is the Consumer Staples Sector? (MO)
The consumer staples sector is a sector that contains products consumers use and which people cannot (or won’t) cut out of their budget. Learn more.
March 24, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
March 22, 2023 | marketbeat.com
What is a Consumer Staples Index Fund? (MO)
Consumer staples products include food, beverages and tobacco, household and personal products. But what is a consumer staples index fund? Learn more.
March 17, 2023 | marketbeat.com
Milk the Dividends on These 3 Cash Cows (MO)
The term ‘cash cow’ refers to a company that has significant market share in a mature industry. These three large cap cows offer ‘utterly’ large yields.
March 3, 2023 | marketbeat.com
What is a Good Dividend Yield? How to Decide (MO)
A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.
March 2, 2023 | marketbeat.com
3 High-Yield Dividend Stocks That Are Probably Not On Your Radar (MO)
United Microelectronics, Gaming & Leisure Properties Inc. and Banco Santander Mexico may not be well known, but they all pay high dividend yields.
February 24, 2023 | marketbeat.com
What Are Consumer Staples Stocks? (MO)
Consumer staples stocks come from companies that produce in-demand goods and offer investors a safe harbor during inflation. Learn more.
March 24, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
March 24, 2023 | proactiveinvestors.com
Marlboro maker Altria considers cannabis as it ignites growth in smoke-free revenue
March 24, 2023 | msn.com
Juul Is Divested - Altria Now Focuses On Development Efforts For Smoke-Free Products, Updates 2028 Goals
March 24, 2023 | finance.yahoo.com
Marlboro Maker Plots New Path to Smoke-Free Future After Losing Billions on Juul
March 24, 2023 | finance.yahoo.com
Minnesota is trying to prove Juul got teens addicted on vaping in a first-of-its-kind trial
March 24, 2023 | finance.yahoo.com
Altria Believes Smoke-Free Products Could Double Revenue for the Growth Area
March 24, 2023 | msn.com
Unusual Call Option Trade in Altria Group (MO) Worth $1,498.00K
March 24, 2023 | americanbankingnews.com
Altria Group Target of Unusually High Options Trading (NYSE:MO)
March 23, 2023 | 247wallst.com
Unusual Call Option Trade in Altria Group Worth $1,498K
March 23, 2023 | americanbankingnews.com
Altria Group (NYSE:MO) Issues FY 2023 Earnings Guidance
March 22, 2023 | benzinga.com
Altria Group Unusual Options Activity For March 22
March 22, 2023 | americanbankingnews.com
Altria Group, Inc. (NYSE:MO) Announces Quarterly Dividend of $0.94
March 20, 2023 | finance.yahoo.com
Should You Sell Altria Group (MO) Now?
March 18, 2023 | finance.yahoo.com
Do These 3 Checks Before Buying Altria Group, Inc. (NYSE:MO) For Its Upcoming Dividend
March 17, 2023 | markets.businessinsider.com
Analysts Conflicted on These Consumer Goods Names: Altria Group (MO), Dollar General (DG) and Gap (GPS)
March 17, 2023 | finance.yahoo.com
A Bull Market Is Coming: 3 Reasons to Buy Philip Morris International Stock
March 16, 2023 | msn.com
Better Dividend Stock: Altria vs. Target
March 16, 2023 | finance.yahoo.com
Worried About a Recession in 2023? Buy This Ultra-High-Yield Dividend Stock
March 16, 2023 | americanbankingnews.com
StockNews.com Initiates Coverage on Altria Group (NYSE:MO)
See More Headlines
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MO Company Calendar

Ex-Dividend for 1/10 Dividend
12/21/2022
Dividend Payable
1/10/2023
Last Earnings
2/01/2023
Ex-Dividend for 4/28 Dividend
3/23/2023
Today
3/24/2023
Next Earnings (Confirmed)
4/27/2023
Dividend Payable
4/28/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Cigarettes
Sub-Industry
Tobacco
Sector
Consumer Staples
Current Symbol
NYSE:MO
CUSIP
02209S10
CIK
764180
Web
www.altria.com
Phone
(804) 274-2200
Fax
804-484-8231
Employees
6,300
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$46.23
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.19
Trailing P/E Ratio
13.69
Forward P/E Ratio
8.63
P/E Growth
2.28
Net Income
$5.76 billion
Net Margins
22.97%
Pretax Margin
29.44%
Return on Equity
-284.29%
Return on Assets
23.68%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.84
Quick Ratio
0.70

Sales & Book Value

Annual Sales
$25.10 billion
Price / Sales
3.11
Cash Flow
$4.73 per share
Price / Cash Flow
9.23
Book Value
($2.19) per share
Price / Book
-19.94

Miscellaneous

Outstanding Shares
1,785,560,000
Free Float
1,784,314,000
Market Cap
$77.98 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives

  • William F. Gifford
    Chief Executive Officer & Director
  • Jody L. BegleyJody L. Begley
    Chief Operating Officer & Executive Vice President
  • Salvatore MancusoSalvatore Mancuso
    Chief Financial Officer & Executive Vice President
  • Charles N. Whitaker
    SVP, Chief Human Resources & Compliance Officer
  • Murray R. Garnick
    Executive Vice President & General Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













MO Stock - Frequently Asked Questions

Should I buy or sell Altria Group stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 2 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
View MO analyst ratings or view top-rated stocks.

What is Altria Group's stock price forecast for 2023?

11 brokers have issued twelve-month price targets for Altria Group's shares. Their MO share price forecasts range from $36.00 to $53.00. On average, they anticipate the company's stock price to reach $46.23 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for MO or view top-rated stocks among Wall Street analysts.

How have MO shares performed in 2023?

Altria Group's stock was trading at $45.71 on January 1st, 2023. Since then, MO stock has decreased by 4.0% and is now trading at $43.88.
View the best growth stocks for 2023 here.

When is Altria Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our MO earnings forecast.

How can I listen to Altria Group's earnings call?

Altria Group will be holding an earnings conference call on Thursday, April 27th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Altria Group's earnings last quarter?

Altria Group, Inc. (NYSE:MO) issued its earnings results on Wednesday, February, 1st. The company reported $1.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.18. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.15 billion. Altria Group had a negative trailing twelve-month return on equity of 284.29% and a net margin of 22.97%. The company's revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS.
Read the conference call transcript.

How often does Altria Group pay dividends? What is the dividend yield for Altria Group?

Altria Group announced a quarterly dividend on Wednesday, March 1st. Shareholders of record on Friday, March 24th will be paid a dividend of $0.94 per share on Friday, April 28th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Thursday, March 23rd.
Read our dividend analysis for MO.

What ETFs hold Altria Group's stock?

ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include Cambria Cannabis ETF (TOKE), WBI Power Factor High Dividend ETF (WBIY), First Trust Morningstar Dividend Leaders Index (FDL), VanEck Durable High Dividend ETF (DURA), Formidable ETF (FORH), Consumer Staples Select Sector SPDR Fund (XLP), ETC 6 Meridian Mega Cap Equity ETF (SIXA) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

Is Altria Group a good dividend stock?

Altria Group (NYSE:MO) pays an annual dividend of $3.76 per share and currently has a dividend yield of 8.14%. 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 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 117.87%. 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 70.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

What guidance has Altria Group issued on next quarter's earnings?

Altria Group issued an update on its FY23 earnings guidance on Thursday, March, 23rd. The company provided EPS guidance of $4.98-$5.13 for the period, compared to the consensus EPS estimate of $5.06.

What is Billy Gifford's approval rating as Altria Group's CEO?

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.

What other stocks do shareholders of Altria Group own?

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).

What is Altria Group's stock symbol?

Altria Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MO."

Who are Altria Group's major shareholders?

Altria Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.46%), Geode Capital Management LLC (1.96%), Moneta Group Investment Advisors LLC (1.04%), Morgan Stanley (0.95%), Fayez Sarofim & Co (0.64%) and Arrowstreet Capital Limited Partnership (0.60%).
View institutional ownership trends.

How do I buy shares of Altria Group?

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.
Compare Top Brokerages Here.

What is Altria Group's stock price today?

One share of MO stock can currently be purchased for approximately $43.88.

How much money does Altria Group make?

Altria Group (NYSE:MO) has a market capitalization of $78.35 billion and generates $25.10 billion in revenue each year. The company earns $5.76 billion in net income (profit) each year or $3.19 on an earnings per share basis.

How many employees does Altria Group have?

The company employs 6,300 workers across the globe.

How can I contact Altria Group?

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.

This page (NYSE:MO) was last updated on 3/24/2023 by MarketBeat.com Staff