Altria Group (MO) Given News Impact Rating of 0.18
News coverage about Altria Group (NYSE:MO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altria Group earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.37376657594 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have recently commented on MO. Stifel Nicolaus reduced their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, July 31st. Piper Jaffray Companies set a $76.00 price target on shares of Altria Group and gave the company a “buy” rating in a report on Thursday, July 27th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price for the company. in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Wednesday, October 11th. Finally, Citigroup Inc. dropped their target price on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $72.04.
Altria Group (MO) traded up $0.82 during mid-day trading on Tuesday, reaching $65.84. 8,183,800 shares of the company traded hands, compared to its average volume of 6,792,532. The firm has a market capitalization of $124,070.50, a P/E ratio of 20.58, a P/E/G ratio of 2.66 and a beta of 0.60. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. 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 (NYSE:MO) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The business 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 company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. sell-side analysts expect that Altria Group will post 3.28 EPS for the current fiscal year.
Altria Group announced that its Board of Directors has approved a stock repurchase program on Thursday, July 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.
About Altria Group
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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