Altria Group Inc. [NYSE: MO] gained 2.47% or 1.15 points to close at $47.75 with a heavy trading volume of 11634872 shares. The company report on April 29, 2021 that Altria Reports 2021 First-Quarter Results; Reaffirms 2021 Earnings Guidance; Acquires Remaining 20% of Global on! Business.
Altria Group, Inc. (Altria) (NYSE: MO) reports its 2021 first-quarter business results and reaffirms its guidance for 2021 full-year adjusted diluted earnings per share (EPS).
“We are off to a strong start to the year and believe our businesses are on track to deliver against full-year plans. Against a challenging comparison, our tobacco businesses performed well in the first quarter and we continued to make progress advancing our non-combustible portfolio,” said Billy Gifford, Altria’s Chief Executive Officer.
It opened the trading session at $47.24, the shares rose to $47.78 and dropped to $46.83, the range by which the price of stock traded the whole day. The daily chart for MO points out that the company has recorded 30.04% gains over the past six months. However, it is still -36.35% lower than its most recent low trading price.
If we look at the average trading volume of 10.58M shares, MO reached to a volume of 11634872 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Altria Group Inc. [MO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MO shares is $53.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MO stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Altria Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 26, 2021. The new note on the price target was released on March 16, 2021, representing the official price target for Altria Group Inc. stock. Previously, the target price had yet another raise to $53, while Bernstein analysts kept a Outperform rating on MO stock.
The Average True Range (ATR) for Altria Group Inc. is set at 1.21, with the Price to Sales ratio for MO stock in the period of the last 12 months amounting to 3.34. The Price to Book ratio for the last quarter was 30.41, with the Price to Cash per share for the same quarter was set at 3.20. Price to Free Cash Flow for MO in the course of the last twelve months was 48.96 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for MO stock
Altria Group Inc. [MO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.76. With this latest performance, MO shares dropped by -6.67% in over the last four-week period, additionally plugging by 30.04% over the last 6 months – not to mention a rise of 21.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MO stock in for the last two-week period is set at 44.53, with the RSI for the last a single of trading hit 43.50, and the three-weeks RSI is set at 47.19 for Altria Group Inc. [MO]. The present Moving Average for the last 50 days of trading for this stock 48.55, while it was recorded at 47.18 for the last single week of trading, and 43.04 for the last 200 days.
Altria Group Inc. [MO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Altria Group Inc. [MO] shares currently have an operating margin of +52.77 and a Gross Margin at +62.73. Altria Group Inc.’s Net Margin is presently recorded at +21.40.
Return on Total Capital for MO is now 32.91, given the latest momentum, and Return on Invested Capital for the company is 13.92. Return on Equity for this stock inclined to 98.42, with Return on Assets sitting at 9.22. When it comes to the capital structure of this company, Altria Group Inc. [MO] has a Total Debt to Total Equity ratio set at 1,038.08. Additionally, MO Total Debt to Total Capital is recorded at 91.21, with Total Debt to Total Assets ending up at 62.16. Long-Term Debt to Equity for the company is recorded at 985.24, with the Long-Term Debt to Total Capital now at 86.57.
Reflecting on the efficiency of the workforce at the company, Altria Group Inc. [MO] managed to generate an average of $628,028 per employee. Receivables Turnover for the company is 102.92 with a Total Asset Turnover recorded at a value of 0.43.Altria Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.
Altria Group Inc. [MO]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Altria Group Inc. posted 1.09/share EPS, while the average EPS was predicted by analysts to be reported at 1.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Altria Group Inc. go to 4.65%.
An analysis of insider ownership at Altria Group Inc. [MO]
There are presently around $53,686 million, or 61.50% of MO stock, in the hands of institutional investors. The top three institutional holders of MO stocks are: VANGUARD GROUP INC with ownership of 151,602,507, which is approximately -0.956% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 130,577,620 shares of the stock with an approximate value of $6.24 billion in MO stocks shares; and CAPITAL WORLD INVESTORS, currently with $5.41 billion in MO stock with ownership of nearly 7.374% of the company’s market capitalization.
Positions in Altria Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 826 institutional holders increased their position in Altria Group Inc. [NYSE:MO] by around 53,113,704 shares. Additionally, 764 investors decreased positions by around 84,978,924 shares, while 210 investors held positions by with 986,217,364 shares. The mentioned changes placed institutional holdings at 1,124,309,992 shares, according to the latest SEC report filing. MO stock had 209 new institutional investments in for a total of 4,263,800 shares, while 104 institutional investors sold positions of 13,110,308 shares during the same period.