Media headlines about Altria Group (NYSE:MO) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altria Group earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.3039704969633 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Noteworthy Wednesday Option Activity: AAL, STI, MO (nasdaq.com)
- Altria Group Inc.: Altria Participates in the Barclays Global Consumer Staples Conference; Reaffirms Full-Year Earnings Guidance (twst.com)
- Altria Group (MO) Releases FY18 Earnings Guidance (americanbankingnews.com)
- Are These Stocks Back Into Fair-Value Territory? Applied Materials, Inc. (AMAT), Altria Group, Inc. (MO) (nmsunews.com)
- Stocks Ready To Soar: Gilead Sciences, Inc. (GILD), Altria Group, Inc. (MO)? (gvtimes.com)
Shares of Altria Group stock opened at $60.93 on Friday. The stock has a market cap of $114.34 billion, a PE ratio of 18.03, a PEG ratio of 1.72 and a beta of 0.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.65 and a quick ratio of 0.31. Altria Group has a 52-week low of $53.91 and a 52-week high of $74.38.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. Altria Group had a return on equity of 48.88% and a net margin of 42.00%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the company earned $0.85 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. equities analysts expect that Altria Group will post 4 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, September 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.25%. This is an increase from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, September 13th. Altria Group’s dividend payout ratio (DPR) is presently 82.84%.
Altria Group declared that its Board of Directors has authorized a share buyback plan on Thursday, May 17th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several brokerages have recently issued reports on MO. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a report on Monday, May 14th. ValuEngine upgraded Altria Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Consumer Edge began coverage on Altria Group in a report on Monday, June 11th. They set an “equal weight” rating and a $69.31 price target for the company. Jefferies Financial Group set a $70.00 price target on Altria Group and gave the company a “buy” rating in a report on Friday, June 1st. Finally, Stifel Nicolaus reduced their price target on Altria Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $71.01.
In related news, Director Dinyar S. Devitre sold 3,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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