Altria Group Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 3 hold ratings and 8 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 in 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 volume of 9,060,000 shares, the days-to-cover ratio is currently 1.8 days.
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Altria Group, Inc. (NYSE:MO) announced its quarterly earnings results on Thursday, July, 29th. The company reported $1.23 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.17 by $0.06. Altria Group had a net margin of 16.80% and a trailing twelve-month return on equity of 215.81%.
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. Since then, MO stock has increased by 20.1% and is now trading at $48.60.
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Altria Group declared a quarterly dividend on Thursday, May 20th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.86 per share on Friday, July 9th. This represents a $3.44 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend 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 7.22%. 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 71.07% 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 authorized a stock repurchase program on Thursday, January 28th 2021, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Altria Group issued an update on 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 -.

11 Wall Street analysts have issued 12-month price targets for Altria Group's stock. Their forecasts range from $46.00 to $58.00. On average, they anticipate Altria Group's stock price to reach $52.75 in the next year. This suggests a possible upside of 8.5% 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).
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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), 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 retail and institutional investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (0.04%), Hikari Power Ltd (0.02%), TIAA FSB (0.02%), State of Alaska Department of Revenue (0.02%), DAVENPORT & Co LLC (0.01%) and 6 Meridian (0.01%).
View institutional ownership trends for Altria Group.

MO stock was sold by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, XR Securities LLC, TIAA FSB, Cozad Asset Management Inc., 6 Meridian, Hikari Power Ltd, Kovack Advisors Inc., and Gradient Investments LLC.
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MO stock was acquired by a variety of institutional investors in the last quarter, including Brookstone Capital Management, IFM Investors Pty Ltd, State of Alaska Department of Revenue, ICICI Prudential Asset Management Co Ltd, Heritage Wealth Advisors, Magnolia Capital Advisors LLC, Loudon Investment Management LLC, and Access Financial Services Inc..
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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 $48.60.

Altria Group has a market capitalization of $89.94 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.