Altria Group Inc (MO) Boosted by Vetr Inc. to “Hold”

Altria Group Inc (MO) Boosted by Vetr Inc. to “Hold”

Altria Group Inc (NYSE:MO) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The firm presently has a $74.25 price objective on the stock. Vetr‘s price target suggests a potential upside of 3.96% from the stock’s previous close.

Several other research firms also recently weighed in on MO. Royal Bank of Canada downgraded Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 price target on the stock. in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price target on shares of Altria Group in a research note on Friday, March 24th. Argus upped their price target on Altria Group from $73.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Berenberg Bank downgraded Altria Group from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research note on Friday, February 3rd. Finally, Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $71.66.

Shares of Altria Group (NYSE:MO) traded down 0.87% during mid-day trading on Monday, hitting $71.42. The company’s stock had a trading volume of 9,145,956 shares. The company has a market cap of $138.56 billion, a price-to-earnings ratio of 9.81 and a beta of 0.61. The stock’s 50 day moving average price is $74.30 and its 200 day moving average price is $67.84. Altria Group has a 52-week low of $59.48 and a 52-week high of $76.55.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Wednesday, February 1st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Equities analysts forecast that Altria Group will post $3.30 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $2.44 annualized dividend and a yield of 3.42%. Altria Group’s dividend payout ratio is 33.47%.

Hedge funds have recently modified their holdings of the stock. HM Capital Management LLC increased its stake in shares of Altria Group by 0.3% in the third quarter. HM Capital Management LLC now owns 3,393 shares of the company’s stock valued at $215,000 after buying an additional 10 shares in the last quarter. Round Table Services LLC increased its stake in shares of Altria Group by 0.8% in the third quarter. Round Table Services LLC now owns 3,419 shares of the company’s stock valued at $216,000 after buying an additional 27 shares in the last quarter. Cobiz Wealth LLC increased its stake in shares of Altria Group by 1.1% in the fourth quarter. Cobiz Wealth LLC now owns 3,438 shares of the company’s stock valued at $232,000 after buying an additional 38 shares in the last quarter. LGL Partners LLC increased its stake in shares of Altria Group by 1.0% in the fourth quarter. LGL Partners LLC now owns 4,260 shares of the company’s stock valued at $288,000 after buying an additional 42 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its stake in shares of Altria Group by 0.6% in the third quarter. Appleton Partners Inc. MA now owns 8,085 shares of the company’s stock valued at $511,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.

Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

To view Vetr’s full report, visit Vetr’s official website.

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