Headlines about Altria Group (NYSE:MO) have been trending positive on Thursday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altria Group earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.8099107262722 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Will Altria Group Raise Its Dividend in 2018? – Madison.com (host.madison.com)
- Earnings Visibility Penalize Altria Group (MO) Rating – Investorplace.com (investorplace.com)
- Altria Group (MO) Shares Cross 4% Yield Mark – Nasdaq (nasdaq.com)
- Big Tobacco’s anti-smoking ads begin after decade of delay (marketbeat.com)
MO has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price target on Altria Group from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, July 31st. Piper Jaffray Companies set a $76.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a research report on Wednesday, September 6th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Wednesday, October 11th. Finally, Citigroup Inc. reduced their price target on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.38.
Altria Group (NYSE:MO) traded down $0.16 during midday trading on Thursday, hitting $65.49. The stock had a trading volume of 5,419,651 shares, compared to its average volume of 6,760,517. The firm has a market cap of $125,272.67, a P/E ratio of 20.77, a PEG ratio of 2.68 and a beta of 0.60. The company has a current ratio of 0.77, a quick ratio of 0.48 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.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. equities analysts predict that Altria Group will post 3.28 EPS for the current fiscal year.
Altria Group announced that its board has approved a stock repurchase plan on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.
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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.
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