Altria Group Inc. [MO] is -2.13% lower this YTD. Is it still time to buy?

Altria Group Inc. [NYSE: MO] loss -0.39% or -0.18 points to close at $46.38 with a heavy trading volume of 7884557 shares. The company report on December 19, 2022 that Altria Abandons Expiring Cronos Warrant; Maintains Initial Investment.

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Altria Group, Inc (NYSE:MO) today announced that its wholly owned subsidiary, Altria Summit LLC, has notified Cronos Group Inc. (Cronos) of its irrevocable abandonment of (i) its warrant to purchase additional common shares of Cronos (the Warrant) and (ii) all rights that it may have held in the Warrant or any common shares underlying the Warrant for no consideration.

In March 2019, Altria acquired, through its subsidiaries, a 45% ownership interest in Cronos and the Warrant. The Warrant was exercisable until March 8, 2023 at an exercise price of CAD$19.00 per common share. Prior to abandonment of the Warrant, Altria, through its subsidiaries, owned 156,573,537 common shares of Cronos (representing approximately 41% of the Cronos common shares issued and outstanding) and, by fully exercising the Warrant, could increase its ownership by 84,243,223 Cronos common shares to 240,816,760 Cronos common shares (representing approximately 52% of the Cronos common shares that would be issued and outstanding following full exercise of the Warrant).

It opened the trading session at $46.65, the shares rose to $46.97 and dropped to $45.95, the range by which the price of stock traded the whole day. The daily chart for MO points out that the company has recorded 1.49% gains over the past six months. However, it is still -14.94% lower than its most recent low trading price.

If we look at the average trading volume of 8.60M shares, MO reached to a volume of 7884557 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 $49.07 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 2.70. 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.

UBS have made an estimate for Altria Group Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on November 10, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $53 to $36. The new note on the price target was released on June 29, 2022, representing the official price target for Altria Group Inc. stock. Previously, the target price had yet another drop from $47 to $43, while Morgan Stanley kept a Equal-Weight rating on MO stock. On June 08, 2022, analysts decreased their price target for MO shares from 54 to 50.

The Average True Range (ATR) for Altria Group Inc. is set at 0.81, with the Price to Sales ratio for MO stock in the period of the last 12 months amounting to 3.32. Price to Free Cash Flow for MO in the course of the last twelve months was 55.18 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for MO stock

Altria Group Inc. [MO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.24. With this latest performance, MO shares gained by 6.21% in over the last four-week period, additionally plugging by 1.49% over the last 6 months – not to mention a drop of -3.88% 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 53.19, with the RSI for the last a single of trading hit 49.67, and the three-weeks RSI is set at 54.06 for Altria Group Inc. [MO]. The present Moving Average for the last 50 days of trading for this stock 45.47, while it was recorded at 46.77 for the last single week of trading, and 47.37 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 +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.

Altria Group Inc. [MO]: An earnings per share (EPS) analysis

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 4.16%.

An analysis of insider ownership at Altria Group Inc. [MO]

There are presently around $49,226 million, or 59.60% of MO stock, in the hands of institutional investors. The top three institutional holders of MO stocks are: VANGUARD GROUP INC with ownership of 159,134,691, which is approximately 0.808% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 132,310,527 shares of the stock with an approximate value of $6.14 billion in MO stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.66 billion in MO stock with ownership of nearly -7.722% of the company’s market capitalization.

882 institutional holders increased their position in Altria Group Inc. [NYSE:MO] by around 42,372,748 shares. Additionally, 729 investors decreased positions by around 56,466,384 shares, while 297 investors held positions by with 962,533,429 shares. The mentioned changes placed institutional holdings at 1,061,372,561 shares, according to the latest SEC report filing. MO stock had 100 new institutional investments in for a total of 4,982,039 shares, while 121 institutional investors sold positions of 4,453,939 shares during the same period.

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