Investors Sell Altria Group (MO) on Strength (MO)
Investors sold shares of Altria Group (NYSE:MO) on strength during trading hours on Friday. $41.52 million flowed into the stock on the tick-up and $86.37 million flowed out of the stock on the tick-down, for a money net flow of $44.85 million out of the stock. Of all stocks tracked, Altria Group had the 0th highest net out-flow for the day. Altria Group traded up $0.56 for the day and closed at $66.88
Several research analysts have weighed in on MO shares. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $75.77 price objective on the stock. in a report on Monday, August 1st. Argus set a $73.00 price objective on shares of Altria Group and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, July 11th. Bank of America Corp. restated a “neutral” rating and set a $66.00 price objective on shares of Altria Group in a report on Tuesday, May 17th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $69.00 price objective (up previously from $64.00) on shares of Altria Group in a report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $68.31.
The firm’s 50-day moving average is $67.06 and its 200-day moving average is $64.63. The company has a market capitalization of $130.68 billion and a P/E ratio of 23.22.
Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The company earned $6.52 billion during the quarter, compared to the consensus estimate of $5.01 billion. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Equities research analysts forecast that Altria Group will post $3.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 15th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, September 13th. This is a positive change from Altria Group’s previous quarterly dividend of $0.57.
In related news, SVP Charles N. Whitaker sold 11,000 shares of Altria Group stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $66.53, for a total value of $731,830.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James E. Dillard III sold 9,000 shares of Altria Group stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total transaction of $600,120.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Altria Group stock. Dimensional Fund Advisors LP increased its stake in shares of Altria Group (NYSE:MO) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,722,738 shares of the company’s stock after buying an additional 249,380 shares during the period. Dimensional Fund Advisors LP owned about 0.19% of Altria Group worth $216,717,000 as of its most recent SEC filing.
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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