Altria Group (MO) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last twelve months. There are currently 1 sell rating, 1 hold rating 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.
View MO analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 1-year target prices for Altria Group's stock. Their MO share price targets range from $36.10 to $56.00. On average, they expect the company's share price to reach $47.22 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
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Altria Group's stock was trading at $40.34 at the beginning of 2024. Since then, MO stock has decreased by 0.6% and is now trading at $40.11.
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Altria Group saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 16,460,000 shares, an increase of 18.6% from the December 15th total of 13,880,000 shares. Based on an average trading volume of 9,110,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.9% of the company's shares are sold short.
View Altria Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MO earnings forecast.

Altria Group, Inc. (NYSE:MO) released its quarterly earnings data on Thursday, February, 1st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.06 billion. Altria Group had a negative trailing twelve-month return on equity of 243.71% and a net margin of 33.21%. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share.
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Altria Group announced a quarterly dividend on Wednesday, December 6th. Investors of record on Thursday, December 21st will be given a dividend of $0.98 per share on Wednesday, January 10th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date is Wednesday, December 20th.
Read our dividend analysis for MO.

Altria Group (NYSE:MO) pays an annual dividend of $3.92 per share and currently has a dividend yield of 9.77%. 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 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.78%. 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 74.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

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

Altria Group declared that its board has initiated a stock repurchase plan on Thursday, February 1st 2024, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Altria Group issued an update on its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 5.000-5.150 for the period, compared to the consensus EPS estimate of 5.080. The company issued revenue guidance of -.

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's stock is owned by many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.49%), Pacer Advisors Inc. (0.52%), Swiss National Bank (0.31%), Dimensional Fund Advisors LP (0.28%), LSV Asset Management (0.26%) and Victory Capital Management Inc. (0.26%). Insiders that own company stock include Ellen R Strahlman and Robert Matthews Davis.
View institutional ownership trends.

Shares of MO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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