Altria Group (MO) Downgraded by Vetr Inc.

Vetr cut shares of Altria Group (NYSE:MO) from a strong-buy rating to a buy rating in a research note released on Monday. They currently have $71.65 price target on the stock.

MO has been the topic of several other research reports. Berenberg Bank restated a hold rating on shares of Altria Group in a research report on Tuesday, October 31st. UBS AG cut their price objective on shares of Altria Group from $72.00 to $68.00 and set a neutral rating on the stock in a research report on Friday, October 27th. Cowen and Company set a $78.00 price objective on shares of Altria Group and gave the company a hold rating in a research report on Friday, July 28th. Stifel Nicolaus cut their price objective on shares of Altria Group from $77.00 to $72.00 and set a buy rating on the stock in a research report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a hold rating and set a $70.00 price objective (down previously from $71.00) on shares of Altria Group in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $72.04.

Shares of Altria Group (MO) opened at $65.26 on Monday. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The firm has a market cap of $125,425.33, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.69 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Altria Group’s quarterly revenue was down 1.8% on a year-over-year basis. analysts forecast that Altria Group will post 3.28 EPS for the current fiscal year.

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Altria Group announced that its board has authorized a share buyback program on Thursday, July 27th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Albert D Mason Inc. lifted its position in shares of Altria Group by 1.0% during the first quarter. Albert D Mason Inc. now owns 11,120 shares of the company’s stock valued at $794,000 after buying an additional 115 shares during the last quarter. WealthTrust Fairport LLC lifted its position in shares of Altria Group by 0.4% during the first quarter. WealthTrust Fairport LLC now owns 43,174 shares of the company’s stock valued at $3,083,000 after buying an additional 161 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Altria Group by 1.4% during the first quarter. Rhumbline Advisers now owns 2,853,312 shares of the company’s stock valued at $203,784,000 after buying an additional 39,264 shares during the last quarter. Elkhorn Investments LLC purchased a new stake in shares of Altria Group during the first quarter valued at about $1,304,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Altria Group by 1.2% during the first quarter. Capital Investment Advisory Services LLC now owns 14,365 shares of the company’s stock valued at $1,026,000 after buying an additional 177 shares during the last quarter. 62.29% of the stock is owned by institutional investors.

Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Altria Group (NYSE:MO)

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