Altria Group (MO) PT Set at $72.00 by Jefferies Group LLC
Altria Group (NYSE:MO) has been assigned a $72.00 price target by investment analysts at Jefferies Group LLC in a research note issued on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 8.40% from the stock’s current price. Jefferies Group also issued estimates for Altria Group’s FY2017 earnings at $3.28 EPS, FY2018 earnings at $3.58 EPS and FY2019 earnings at $3.77 EPS.
Several other equities research analysts also recently commented on the stock. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS AG lowered their target price on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Cowen and Company set a $78.00 target price on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, July 28th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price for the company in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus lowered 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. 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 currently has a consensus rating of “Hold” and a consensus price target of $72.38.
Shares of Altria Group (MO) opened at $66.42 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The firm has a market cap of $127,780.00, a P/E ratio of 20.80, a P/E/G ratio of 2.69 and a beta of 0.60. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ 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%. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. analysts predict that Altria Group will post 3.28 EPS for the current year.
Altria Group declared that its board has authorized a stock buyback plan on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 0.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
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In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MO. Janus Henderson Group PLC boosted its holdings in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. BlackRock Inc. boosted its holdings in Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors boosted its holdings in Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in Altria Group by 67.7% during the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after purchasing an additional 1,974,500 shares during the last quarter. Institutional investors and hedge funds own 62.29% of the company’s stock.
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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