Altria Group - MO Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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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9 brokers have issued 12 month target prices for Altria Group's stock. Their MO stock forecasts range from $36.00 to $57.00. On average, they anticipate Altria Group's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
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Altria Group's stock was trading at $47.39 at the start of the year. Since then, MO shares have decreased by 6.9% and is now trading at $44.10.
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Altria Group is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Altria Group, Inc. (NYSE:MO) posted its earnings results on Thursday, July, 28th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.01. The company had revenue of $5.37 billion for the quarter, compared to analysts' expectations of $5.42 billion. Altria Group had a negative trailing twelve-month return on equity of 488.86% and a net margin of 6.88%. The firm's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share.
Read Altria Group's conference call transcript.

Altria Group announced a quarterly dividend on Thursday, May 19th. Shareholders of record on Wednesday, June 15th will be paid 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 8.16%. The ex-dividend date is Tuesday, June 14th.
View Altria Group's dividend history.

Altria Group(NYSE:MO) pays an annual dividend of $3.60 per share and currently has a dividend yield of 8.16%. 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 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Altria Group is 371.13%. 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 70.31% 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 initiated a share repurchase program on Thursday, January 28th 2021, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

Altria Group updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $4.79-$4.93 for the period, compared to the consensus EPS estimate of $4.83. 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.

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 many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), Victory Capital Management Inc. (0.20%), Envestnet Asset Management Inc. (0.14%), New York State Teachers Retirement System (0.12%), Retirement Systems of Alabama (0.12%) and State Board of Administration of Florida Retirement System (0.12%).
View institutional ownership trends for 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.
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One share of MO stock can currently be purchased for approximately $44.10.

Altria Group (NYSE:MO) has a market capitalization of $79.42 billion and generates $26.01 billion in revenue each year. The company earns $2.48 billion in net income (profit) each year or $0.97 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.