why Altria Group Inc. [MO] is a Good Choice for Investors After New Price Target of $49.65

Altria Group Inc. [NYSE: MO] slipped around -0.63 points on Monday, while shares priced at $46.54 at the close of the session, down -1.34%. The company report on February 1, 2023 that Altria Reports 2022 Fourth-Quarter and Full-Year Results; Provides 2023 Full-Year Earnings Guidance; Announces New $1 Billion Share Repurchase Program.

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Altria Group, Inc. (NYSE: MO) today reports our 2022 fourth-quarter and full-year business results and provides our guidance for 2023 full-year adjusted diluted earnings per share (EPS).

“It was an exciting year for Altria as our businesses delivered strong financial performance, and we continued to strategically invest toward our Vision,” said Billy Gifford, Altria’s Chief Executive Officer. “We generated strong adjusted diluted EPS growth of 5% and made meaningful progress in several areas of our smoke-free portfolio.”.

Altria Group Inc. stock is now 1.82% up from its year-to-date (YTD) trading value. MO Stock saw the intraday high of $47.40 and lowest of $46.47 per share. The company’s 52-week high price is 57.05, which means current price is +8.94% above from all time high which was touched on 01/24/23.

Compared to the average trading volume of 7.50M shares, MO reached a trading volume of 9159153 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $49.65 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 0.91, with the Price to Sales ratio for MO stock in the period of the last 12 months amounting to 3.34. Price to Free Cash Flow for MO in the course of the last twelve months was 53.69 with Quick ratio for the last quarter at 0.40.

How has MO stock performed recently?

Altria Group Inc. [MO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.18. With this latest performance, MO shares gained by 5.08% in over the last four-week period, additionally plugging by 0.32% over the last 6 months – not to mention a drop of -6.11% 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 48.81, with the RSI for the last a single of trading hit 44.37, and the three-weeks RSI is set at 50.57 for Altria Group Inc. [MO]. The present Moving Average for the last 50 days of trading for this stock 46.14, while it was recorded at 47.16 for the last single week of trading, and 45.65 for the last 200 days.

Altria Group Inc. [MO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Altria Group Inc. [MO] shares currently have an operating margin of +76.55 and a Gross Margin at +87.80. Altria Group Inc.’s Net Margin is presently recorded at +27.86.

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 analysis for Altria Group Inc. [MO]

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 4.64%.

Insider trade positions for Altria Group Inc. [MO]

There are presently around $50,572 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 160,359,249, which is approximately 0.77% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 125,531,300 shares of the stock with an approximate value of $5.96 billion in MO stocks shares; and STATE STREET CORP, currently with $3.43 billion in MO stock with ownership of nearly 0.967% of the company’s market capitalization.

Positions in Altria Group Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 956 institutional holders increased their position in Altria Group Inc. [NYSE:MO] by around 71,710,752 shares. Additionally, 760 investors decreased positions by around 65,546,017 shares, while 281 investors held positions by with 928,762,189 shares. The mentioned changes placed institutional holdings at 1,066,018,958 shares, according to the latest SEC report filing. MO stock had 225 new institutional investments in for a total of 18,473,350 shares, while 87 institutional investors sold positions of 7,888,851 shares during the same period.


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