Altria Group (NYSE:MO) – Stock analysts at Jefferies Group issued their Q3 2016 EPS estimates for Altria Group in a report released on Tuesday. Jefferies Group analyst O. Bennett anticipates that the firm will earn $0.81 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $70.00 target price on the stock.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. Altria Group had a return on equity of 198.82% and a net margin of 22.05%. The business earned $6.52 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis.
A number of other analysts have also commented on the company. Citigroup Inc. reaffirmed a “buy” rating and set a $72.00 price objective on shares of Altria Group in a research note on Monday, September 26th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.67 price objective on the stock. in a research note on Thursday, September 22nd. Credit Agricole SA decreased their price objective on Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, September 15th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Thursday, August 4th. Finally, Argus set a $73.00 price objective on Altria Group and gave the company a “buy” rating in a research note on Monday, August 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.44.
Altria Group (NYSE:MO) opened at 62.69 on Wednesday. The stock’s 50 day moving average price is $63.89 and its 200-day moving average price is $64.96. The firm has a market capitalization of $122.50 billion, a P/E ratio of 21.77 and a beta of 0.52. Altria Group has a 12 month low of $56.15 and a 12 month high of $70.15.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.89%. This is an increase from Altria Group’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Tuesday, September 13th. Altria Group’s dividend payout ratio (DPR) is 84.72%.
In related news, SVP Charles N. Whitaker sold 11,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $66.53, for a total transaction of $731,830.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James E. Dillard III sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total value of $600,120.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in MO. Investment Centers of America Inc. increased its stake in shares of Altria Group by 15.6% in the first quarter. Investment Centers of America Inc. now owns 305,759 shares of the company’s stock valued at $19,166,000 after buying an additional 41,309 shares during the last quarter. Sii Investments Inc. WI increased its stake in shares of Altria Group by 5.5% in the first quarter. Sii Investments Inc. WI now owns 60,896 shares of the company’s stock valued at $3,827,000 after buying an additional 3,180 shares during the last quarter. Sanders Morris Harris Inc. bought a new stake in shares of Altria Group during the first quarter valued at approximately $2,230,000. Telemus Capital LLC increased its stake in shares of Altria Group by 242.7% in the first quarter. Telemus Capital LLC now owns 13,142 shares of the company’s stock valued at $823,000 after buying an additional 9,307 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. increased its stake in shares of Altria Group by 9.0% in the first quarter. Stuart Chaussee & Associates Inc. now owns 14,697 shares of the company’s stock valued at $930,000 after buying an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 61.29% of the company’s stock.
About Altria Group
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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