Press coverage about Altria Group (NYSE:MO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altria Group earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.4280913102823 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Altria Group Inc (MO) Approaches New Downside Target of $73.03 (mysmartrend.com)
- Will Declining Volumes Hurt Altria’s (MO) Earnings in Q2? (nasdaq.com)
- Will Declining Volumes Hurt Altria's (MO) Earnings in Q2? (finance.yahoo.com)
- ETFs with exposure to Altria Group, Inc. : July 24, 2017 (finance.yahoo.com)
- Here’s What to Expect From Altria Group on Thursday – Madison.com (host.madison.com)
Altria Group (NYSE:MO) opened at 72.64 on Tuesday. The stock has a 50 day moving average price of $74.97 and a 200 day moving average price of $72.98. Altria Group has a 52 week low of $60.82 and a 52 week high of $77.79. The company has a market cap of $140.85 billion, a price-to-earnings ratio of 9.83 and a beta of 0.64.
Altria Group (NYSE:MO) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.01. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.63 billion. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, equities analysts forecast that Altria Group will post $3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Thursday, June 15th were issued a $0.61 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 3.36%. Altria Group’s payout ratio is currently 33.02%.
MO has been the topic of a number of recent research reports. Vetr upgraded Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price objective on the stock in a research note on Monday, April 17th. Barclays PLC restated an “equal weight” rating and set a $74.00 price objective on shares of Altria Group in a research note on Wednesday, March 29th. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. BidaskClub upgraded Altria Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a “sell” rating and set a $62.00 price objective on shares of Altria Group in a research note on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $72.34.
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In other news, Director George Munoz sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dinyar S. Devitre sold 4,285 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $70.72, for a total transaction of $303,035.20. Following the completion of the transaction, the director now directly owns 112,457 shares in the company, valued at approximately $7,952,959.04. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.
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.
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