Altria Group (NYSE:MO – Get Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.79-4.93 for the period, compared to the consensus estimate of $4.86. Altria Group also updated its FY 2022 guidance to $4.79-$4.93 EPS.
A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lowered Altria Group from an outperform rating to a market perform rating and cut their price objective for the stock from $58.00 to $53.00 in a research report on Tuesday, May 10th. StockNews.com initiated coverage on shares of Altria Group in a research note on Thursday, March 31st. They set a buy rating on the stock. Royal Bank of Canada downgraded shares of Altria Group from an outperform rating to a sector perform rating and set a $53.00 price target for the company. in a research note on Monday, March 28th. Cowen lifted their price objective on Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Altria Group from $54.00 to $60.00 in a research report on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $53.75.
Altria Group stock traded down $2.11 during mid-day trading on Thursday, hitting $51.09. The company had a trading volume of 13,603,945 shares, compared to its average volume of 9,654,329. Altria Group has a 12 month low of $42.53 and a 12 month high of $57.05. The company has a market capitalization of $92.50 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 2.77 and a beta of 0.50. The stock’s 50 day moving average price is $53.68 and its two-hundred day moving average price is $50.03.
Altria Group (NYSE:MO – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.88 billion. Altria Group had a net margin of 11.64% and a negative return on equity of 2,506.92%. Altria Group’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. Equities research analysts predict that Altria Group will post 4.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, March 25th were issued a $0.90 dividend. The ex-dividend date was Thursday, March 24th. This represents a $3.60 dividend on an annualized basis and a yield of 7.05%. Altria Group’s payout ratio is currently 219.51%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Altria Group by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 36,302,349 shares of the company’s stock valued at $1,896,798,000 after acquiring an additional 2,178,596 shares during the last quarter. Deutsche Bank AG increased its position in shares of Altria Group by 4.0% during the 4th quarter. Deutsche Bank AG now owns 5,556,730 shares of the company’s stock valued at $263,334,000 after purchasing an additional 211,173 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Altria Group by 64.1% in the first quarter. Renaissance Technologies LLC now owns 3,771,516 shares of the company’s stock worth $197,062,000 after buying an additional 1,472,800 shares during the last quarter. Mackenzie Financial Corp grew its position in Altria Group by 3.4% during the first quarter. Mackenzie Financial Corp now owns 2,711,773 shares of the company’s stock valued at $141,690,000 after buying an additional 89,334 shares during the period. Finally, First Trust Advisors LP increased its holdings in Altria Group by 4.5% during the first quarter. First Trust Advisors LP now owns 2,064,265 shares of the company’s stock valued at $107,858,000 after buying an additional 89,556 shares during the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.
About Altria Group (Get Rating)
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
Featured Articles
Receive News & Ratings for Altria Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Altria Group and related companies with MarketBeat.com’s FREE daily email newsletter.
from NYSE Updates – My Blog https://ift.tt/YjGDVkH
via IFTTT
No comments:
Post a Comment