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 twelve months. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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9 Wall Street research analysts have issued twelve-month price objectives for Altria Group's shares. Their MO share price forecasts range from $36.00 to $52.00. On average, they anticipate the company's stock price to reach $44.67 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for MO or view top-rated stocks among Wall Street analysts.

Altria Group's stock was trading at $45.71 at the start of the year. Since then, MO shares have decreased by 2.4% and is now trading at $44.61.
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Altria Group saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 15,200,000 shares, a decrease of 10.7% from the March 31st total of 17,030,000 shares. Based on an average trading volume of 8,310,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.9% of the shares of the stock are short sold.
View Altria Group's Short Interest.

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

Altria Group, Inc. (NYSE:MO) posted its quarterly earnings results on Thursday, April, 27th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by $0.01. The firm earned $4.76 billion during the quarter, compared to the consensus estimate of $4.89 billion. Altria Group had a negative trailing twelve-month return on equity of 245.43% and a net margin of 22.44%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS.
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Altria Group announced a quarterly dividend on Thursday, May 18th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.94 per share on Monday, July 10th. This represents a $3.76 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for MO.

ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include Cambria Cannabis ETF (TOKE), ETC 6 Meridian Mega Cap Equity ETF (SIXA), ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH), WBI Power Factor High Dividend ETF (WBIY), Formidable ETF (FORH), First Trust Morningstar Dividend Leaders Index (FDL), WBI BullBear Yield 3000 ETF (WBIG) and VanEck Durable High Dividend ETF (DURA).

Altria Group (NYSE:MO) pays an annual dividend of $3.76 per share and currently has a dividend yield of 8.43%. 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 120.90%. 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 70.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

Altria Group issued an update on its FY23 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $4.98-5.13 for the period, compared to the consensus EPS estimate of $5.05.

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.

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.76%), State Street Corp (3.88%), Charles Schwab Investment Management Inc. (2.35%), Geode Capital Management LLC (2.01%), FMR LLC (1.41%) and Bank of New York Mellon Corp (1.01%).
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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 $44.61.

Altria Group (NYSE:MO) has a market capitalization of $79.63 billion and generates $25.10 billion in revenue each year. The company earns $5.76 billion in net income (profit) each year or $3.11 on an earnings per share basis.

The company employs 6,300 workers across the globe.

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.