Altria Group Inc. [MO] moved down -0.37: Why It’s Important

Altria Group Inc. [NYSE: MO] closed the trading session at $45.71 on 08/29/22. The day’s price range saw the stock hit a low of $45.58, while the highest price level was $46.05. The company report on August 25, 2022 that Altria Increases Quarterly Dividend by 4.4% to $0.94 Per Share.

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Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.4% to $0.94 per share versus the previous rate of $0.90 per share. The quarterly dividend is payable on October 11, 2022 to shareholders of record as of September 15, 2022. The ex-dividend date is September 14, 2022.

The new annualized dividend rate is $3.76 per share, representing a dividend yield of 8.2% based on our closing stock price of $45.80 on August 24, 2022.

The stocks have a year to date performance of -3.55 percent and weekly performance of 0.73 percent. The stock has been moved at -10.88 percent over the last six months. The stock has performed 4.22 percent around the most recent 30 days and changed -16.02 percent over the most recent 3-months.

If compared to the average trading volume of 10.54M shares, MO reached to a volume of 6232061 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $49.28 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 2.60. 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.

Barclays have made an estimate for Altria Group Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $47 to $43. The new note on the price target was released on June 24, 2022, representing the official price target for Altria Group Inc. stock. Previously, the target price had yet another drop from $54 to $50, while Morgan Stanley kept a Underweight rating on MO stock. On May 10, 2022, analysts decreased their price target for MO shares from 58 to 53.

The Average True Range (ATR) for Altria Group Inc. is set at 0.57, with the Price to Sales ratio for MO stock in the period of the last 12 months amounting to 3.27. Price to Free Cash Flow for MO in the course of the last twelve months was 53.39 with Quick ratio for the last quarter at 0.40.

MO stock trade performance evaluation

Altria Group Inc. [MO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.73. With this latest performance, MO shares gained by 4.22% in over the last four-week period, additionally sinking by -10.88% over the last 6 months – not to mention a drop of -7.71% 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 58.61, with the RSI for the last a single of trading hit 59.32, and the three-weeks RSI is set at 54.46 for Altria Group Inc. [MO]. The present Moving Average for the last 50 days of trading for this stock 43.72, while it was recorded at 45.86 for the last single week of trading, and 48.75 for the last 200 days.

Altria Group Inc. [MO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Altria Group Inc. [MO] shares currently have an operating margin of +55.58 and a Gross Margin at +66.28. Altria Group Inc.’s Net Margin is presently recorded at +11.67.

Return on Equity for this stock inclined to 399.68, with Return on Assets sitting at 5.67.

Altria Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Earnings per share (EPS) analysis for Altria Group Inc. [MO] stock

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 4.26%.

Altria Group Inc. [MO]: Insider Ownership positions

There are presently around $49,201 million, or 60.20% of MO stock, in the hands of institutional investors. The top three institutional holders of MO stocks are: VANGUARD GROUP INC with ownership of 157,858,901, which is approximately 0.378% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 140,640,523 shares of the stock with an approximate value of $6.43 billion in MO stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.91 billion in MO stock with ownership of nearly -23.758% of the company’s market capitalization.

Positions in Altria Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 945 institutional holders increased their position in Altria Group Inc. [NYSE:MO] by around 105,507,801 shares. Additionally, 799 investors decreased positions by around 102,028,491 shares, while 273 investors held positions by with 868,841,064 shares. The mentioned changes placed institutional holdings at 1,076,377,356 shares, according to the latest SEC report filing. MO stock had 117 new institutional investments in for a total of 7,282,974 shares, while 195 institutional investors sold positions of 22,983,883 shares during the same period.


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