Altria Group, Inc. (NYSE:MO) Analyzing Financial Health

Altria Group Inc

Altria Group Inc

Equities research analysts predict that Altria Group Inc (NYSE:MO) will announce $4.99 billion in sales for the current quarter, according to Zacks Investment Research. The firm owned 130,062 shares of the company's stock after selling 119,585 shares during the quarter. Several institutional investors have recently modified their holdings of MO. Cadinha & Co. LLC lifted its stake in shares of Altria Group by 34.8% in the second quarter. Texas Yale Capital Corp. now owns 93,865 shares of the company's stock valued at $6,347,000 after buying an additional 3,225 shares during the period. Solaris Asset Management LLC grew its position in Altria Group by 65.7% during the second quarter. Cadence Bank NA now owns 36,024 shares of the company's stock valued at $2,436,000 after buying an additional 189 shares during the period. CKW Financial Group bought a new position in Altria Group in the 2nd quarter valued at $109,000. Balentine LLC grew its position in Altria Group by 32.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company's stock valued at $100,000 after purchasing an additional 800 shares during the period.

According to Zacks, analysts expect that Altria Group will report full year sales of $4.99 billion for the current financial year, with estimates ranging from $19.58 billion to $19.8 billion. Following the transaction, the director now owns 112,457 shares of the company's stock, valued at $7,952,959.04. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Barclays PLC reiterated an "equal weight" rating and issued a $74.00 price target on shares of Altria Group in a research report on Wednesday, March 29th. The company has a market capitalization of $125,616.15, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.69 and a beta of 0.60. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79.

Altria Group, Inc. (MO) has an operating margin of 92.10%.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.80, compared to 0.68 reported in the same quarter previous year. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. The business's revenue was down 1.8% on a year-over-year basis. This buyback authorization authorizes the company to repurchase up to 0.7% of its shares through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This report was first reported by StockNewsTimes and is owned by of StockNewsTimes. "Invests $5.79 Million in Altria Group (MO)" was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2017/11/22/westpac-banking-corp-has-9-69-million-position-in-altria-group-mo.html. Finally, BidaskClub upgraded Altria Group from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. Jefferies Group LLC set a $72.00 price objective on Altria Group and gave the company a "hold" rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Three analysts rating the company a strong buy, two analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $66.63.

About Altria Group Altria Group, Inc is a holding company.