Altria Group (MO) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MO, but not buy additional shares or sell existing shares.
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4 brokers have issued 1-year price targets for Altria Group's shares. Their MO share price forecasts range from $38.00 to $52.00. On average, they expect the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
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Altria Group's stock was trading at $45.71 at the beginning of 2023. Since then, MO stock has decreased by 4.3% and is now trading at $43.73.
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Altria Group saw a increase in short interest in July. As of July 15th, there was short interest totaling 15,680,000 shares, an increase of 15.0% from the June 30th total of 13,640,000 shares. Based on an average trading volume of 7,340,000 shares, the short-interest ratio is presently 2.1 days. Approximately 0.9% of the company's shares are short sold.
View Altria Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MO earnings forecast.

Altria Group, Inc. (NYSE:MO) posted its quarterly earnings data on Tuesday, August, 1st. The company reported $1.31 EPS for the quarter, meeting analysts' consensus estimates of $1.31. The firm earned $5.44 billion during the quarter, compared to analysts' expectations of $5.43 billion. Altria Group had a negative trailing twelve-month return on equity of 225.61% and a net margin of 27.40%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS.
Read the conference call transcript.

Altria Group announced a quarterly dividend on Thursday, May 18th. Investors of record on Thursday, June 15th will be paid a dividend of $0.94 per share on Monday, July 10th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for MO.

ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), Cambria Cannabis ETF (TOKE), ETC 6 Meridian Mega Cap Equity ETF (SIXA), ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH), First Trust Morningstar Dividend Leaders Index (FDL), Formidable ETF (FORH), WBI BullBear Yield 3000 ETF (WBIG) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

Altria Group (NYSE:MO) pays an annual dividend of $3.76 per share and currently has a dividend yield of 8.60%. MO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 98.69%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MO will have a dividend payout ratio of 72.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

Altria Group updated its FY23 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $4.89-5.03 for the period, compared to the consensus estimate of $4.99.

15 employees have rated Altria Group Chief Executive Officer Billy Gifford on Glassdoor.com. Billy Gifford has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Altria Group investors own include AT&T (T), Philip Morris International (PM), AbbVie (ABBV), Coca-Cola (KO), Verizon Communications (VZ), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Pfizer (PFE), Intel (INTC) and Bank of America (BAC).

Altria Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MO."

Altria Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (61.64%), BlackRock Inc. (6.71%), Capital World Investors (5.43%), Charles Schwab Investment Management Inc. (2.46%), Geode Capital Management LLC (2.09%) and Capital Research Global Investors (1.95%).
View institutional ownership trends.

Shares of MO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MO stock can currently be purchased for approximately $43.73.

Altria Group (NYSE:MO) has a market capitalization of $77.60 billion and generates $25.10 billion in revenue each year. The company earns $5.76 billion in net income (profit) each year or $3.81 on an earnings per share basis.

The company employs 6,300 workers across the globe.

Altria Group's mailing address is 6601 WEST BROAD STREET, RICHMOND VA, 23230. The official website for the company is www.altria.com. The company can be reached via phone at (804) 274-2200 or via fax at 804-484-8231.