Altria Group (MO) PT Raised to $85.00 at Wells Fargo & Co

Altria Group (NYSE:MO) had its target price hoisted by Wells Fargo & Co from $80.00 to $85.00 in a research report report published on Thursday morning. Wells Fargo & Co currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Vetr raised shares of Altria Group from a buy rating to a strong-buy rating and set a $71.89 price target for the company in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Altria Group from a hold rating to a buy rating and set a $71.00 price target for the company in a research report on Wednesday, October 11th. Citigroup reduced their price target on shares of Altria Group from $80.00 to $75.00 and set a buy rating for the company in a research report on Monday, October 30th. Cowen raised shares of Altria Group from a market perform rating to an outperform rating and raised their price target for the company from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Jefferies Group set a $72.00 price target on shares of Altria Group and gave the company a hold rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $72.87.

Altria Group (NYSE MO) traded up $0.20 during mid-day trading on Thursday, hitting $70.40. 6,302,552 shares of the stock traded hands, compared to its average volume of 6,250,077. The stock has a market capitalization of $134,336.58, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. analysts forecast that Altria Group will post 3.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.

A number of large investors have recently bought and sold shares of the business. Bellwether Investment Group LLC grew its position in shares of Altria Group by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after acquiring an additional 12 shares during the period. Cheviot Value Management LLC lifted its stake in shares of Altria Group by 1.0% during the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after buying an additional 28 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Altria Group by 0.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock valued at $366,000 after buying an additional 28 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Altria Group by 0.5% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after buying an additional 29 shares in the last quarter. Finally, Private Asset Management Inc. lifted its stake in shares of Altria Group by 0.5% during the 2nd quarter. Private Asset Management Inc. now owns 6,623 shares of the company’s stock valued at $493,000 after buying an additional 32 shares in the last quarter. 62.64% of the stock is owned by institutional investors and hedge funds.

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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.

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