Altria Group (MO) Upgraded at Jefferies Group

Jefferies Group upgraded shares of Altria Group (NYSE:MO) from a hold rating to a buy rating in a report released on Friday, MarketBeat Ratings reports. Jefferies Group currently has $70.00 price objective on the stock, down from their prior price objective of $70.04.

MO has been the topic of several other reports. Berenberg Bank reiterated a hold rating on shares of Altria Group in a research note on Tuesday, October 31st. Vetr upgraded shares of Altria Group from a sell rating to a hold rating and set a $69.29 price target on the stock in a research note on Thursday, December 28th. UBS Group lowered their price target on shares of Altria Group from $72.00 to $68.00 and set a neutral rating on the stock in a research note on Friday, October 27th. Wells Fargo & Co lifted their price target on shares of Altria Group from $80.00 to $85.00 and gave the company an outperform rating in a research note on Thursday, January 4th. Finally, Cowen upgraded shares of Altria Group from a market perform rating to an outperform rating and boosted their price objective for the stock from $64.00 to $71.00 in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $72.63.

Shares of Altria Group (NYSE:MO) traded up $1.09 during mid-day trading on Friday, reaching $71.12. 8,714,000 shares of the company’s stock traded hands, compared to its average volume of 7,231,700. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The firm has a market cap of $135,820.00, a price-to-earnings ratio of 8.89, a P/E/G ratio of 2.60 and a beta of 0.62.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. equities analysts expect that Altria Group will post 3.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.71%. Altria Group’s dividend payout ratio is presently 33.00%.

Institutional investors have recently added to or reduced their stakes in the company. Solaris Asset Management LLC boosted its holdings in shares of Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after buying an additional 557 shares during the period. CKW Financial Group bought a new stake in shares of Altria Group during the 2nd quarter worth about $109,000. Balentine LLC boosted its holdings in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the period. NewSquare Capital LLC boosted its holdings in Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after purchasing an additional 106,530 shares during the period. Finally, Quantum Capital Management LLC NJ bought a new stake in Altria Group in the 3rd quarter valued at about $114,000. Institutional investors own 62.93% of the company’s stock.

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About Altria Group

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.

Analyst Recommendations for Altria Group (NYSE:MO)

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