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GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
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AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
Followed 140 TimesTop Followed
NYSE:MO

Altria Group (MO) Stock Price, News & Analysis

$40.08
-0.18 (-0.45%)
(As of 02/8/2024 ET)
Compare
Today's Range
$39.85
▼
$40.37
50-Day Range
$39.93
▼
$42.60
52-Week Range
$39.06
▼
$48.11
Volume
14.62 million shs
Average Volume
9.53 million shs
Market Capitalization
$70.89 billion
P/E Ratio
8.77
Dividend Yield
9.78%
Price Target
$47.22
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Altria Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
17.8% Upside
$47.22 Price Target
Short Interest
Healthy
0.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
0.64mentions of Altria Group in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.94%
From $5.08 to $5.28 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.12 out of 5 stars

Consumer Staples Sector

40th out of 134 stocks

Cigarettes Industry

2nd out of 5 stocks

See Top Rated MarketRank™ Stocks Here

MO stock logo

About Altria Group Stock (NYSE:MO)

Altria Group, Inc. is a US-based tobacco company and one of the Big-3 tobacco companies internationally. The company was formerly known as Phillip Morris International but emerged with its new name in 2003. The rebranding was intended to help the company improve its image while it shifted away from the smokeable tobacco segments of the business. It is a Fortune 500 company and a member of the S&P 500. The company was a member of the Dow Jones Industrial Average for many years but fell from that position due to declining tobacco sales and the divestiture of businesses.

The company operates through a network of subsidiaries that include Phillip Morris USA. Phillip Morris USA is the core segment of business and includes the Marlboro line of cigarette brands. German immigrant Phillip Morris originally founded Phillip Morris in London in 1822. In 1844 the company began making its first line of machine-rolled cigarettes called English Ovals. The English Ovals remained in production in limited quantities until 2017.

By 1902 the company had moved to New York City, where it was incorporated. Operations continued uninterrupted until 1919, when it changed ownership, and then, in 1929, manufacturing operations were moved to Richmond, Virginia and closer to the tobacco fields.

Philip Morris made headlines again in 1933 when it integrated its manufacturing operations. This was done more than 30 years ahead of federal regulations and a ground-breaking move for the industry and America. After another multi-decade run of uninterrupted operations, the company began a series of acquisitions that included Miller Brewing, Kraft Foods and General Mills. Those acquisitions led to eventual mergers and spin-offs that resulted in SABMiller and Kraft General Mills.

Altria Group operates through a network of subsidiaries manufacturing and selling smokeable, smokeless and oral tobacco products. Subsidiaries include but not are limited to Philip Morris USA, John Middleton Inc. and U.S. Smokeless Tobacco Company. Brands include Marlboro, Marlboro Lights, Black & Mild, Copenhagen, Skoal, Red Sky and Husky. The company's principal customers are wholesalers and large retailers.

The company maintains a number of strategic partnerships as part of its efforts to shift away from smokeable tobacco. These include a 35% stake in JUUL smokeless tobacco products, a 45% stake in Canadian integrated cannabis company Cronos Group and a near-10% stake in ABInbev. These partnerships are intended to capitalize on smokeless tobacco and the legalization of cannabis at the US federal level.

Altria brought in more than $21 billion in 2021. The company employs more than 6,000 people and has paid more than $6.5 billion in cumulative dividends. The company’s operations help support more than 1,200 US farmers and are sold in over 300,000 US retail establishments. Altria continues to be a leader in workforce quality and has received numerous awards, including a spot on the National Business Consortium’s Best of the Best List for 2022.

MO Stock Price History

MO Stock News Headlines

January 17, 2024 | marketbeat.com
3 high yield stock ETFs that make any income portfolio better (MO)
ETFs typically include many company stocks, eliminating single-stock risk and providing major diversification benefits. Here are three of our favorites.
February 8, 2024 | fool.com
What Does Altria Own?
February 8, 2024 | Porter and Company (Ad)
Top Analyst Exposes Imminent Crisis Hurtling Towards America
The man who warned of the dot-com blow up, the 2008 housing collapse, and the loss of America’s AAA rating makes a shocking prediction…
February 7, 2024 | fool.com
Is a Dividend Cut Coming for This 9.5%-Yielding Stock?
February 6, 2024 | seekingalpha.com
Why Altria's Dividend Growth Is At Risk After Its 2023 Results
February 6, 2024 | fool.com
Is This 9% Dividend Yield Tobacco Stock Finally a Screaming Buy?
February 6, 2024 | fool.com
3 Reliable Dividend Stocks With Yields Above 6% That You Can Buy for Less Than $100 Right Now
February 5, 2024 | seekingalpha.com
Altria Group: Great Value Yielding 9.4%, Growing EPS, And $1B In Additional Buybacks
February 8, 2024 | Porter and Company (Ad)
Top Analyst Exposes Imminent Crisis Hurtling Towards America
The man who warned of the dot-com blow up, the 2008 housing collapse, and the loss of America’s AAA rating makes a shocking prediction…
February 5, 2024 | seekingalpha.com
Altria Q4: Why This Dividend King Will Continue To Reward Shareholders
February 5, 2024 | seekingalpha.com
Altria: The Good, The Bad, And The Ugly
February 5, 2024 | fool.com
This Stock Has a 9.75% Dividend Yield, and 15% Upside According to Wall Street Experts
February 3, 2024 | americanbankingnews.com
Altria Group (NYSE:MO) Upgraded to "Buy" by StockNews.com
February 2, 2024 | seekingalpha.com
Altria: The Demise Of This Dividend King Is Overexaggerated, I'm Betting Big Now
February 2, 2024 | finance.yahoo.com
Altria Group, Inc. (NYSE:MO) Q4 2023 Earnings Call Transcript
February 2, 2024 | msn.com
Altria Group Announces $1 Billion Share Buyback Program
February 2, 2024 | fool.com
1 Dividend Stock Yields 9.5%, Another 5.3%, but Only 1 Can Be the Best Dividend Stock to Buy for Passive Income Investors in 2024
February 2, 2024 | finance.yahoo.com
10 Blue-Chip Stocks At 52-Week Lows
February 2, 2024 | markets.businessinsider.com
Altria Group: Hold Rating with Modest EPS Growth and Mixed Market Dynamics
February 2, 2024 | msn.com
Altria (NYSE:MO) Gains on Q4 Results and $1B Buyback
February 2, 2024 | finance.yahoo.com
Q4 2023 Altria Group Inc Earnings Call
February 1, 2024 | msn.com
Why Is Marlboro Maker Altria Stock Surging Today?
February 1, 2024 | finance.yahoo.com
Altria Group Inc (MO) Posts Mixed 2023 Results and Announces $1 Billion Buyback
February 1, 2024 | fool.com
Altria Group (MO) Q4 2023 Earnings Call Transcript
February 1, 2024 | seekingalpha.com
Altria Q4: A Bunch Of Quitters
February 1, 2024 | msn.com
Altria’s stock rises as it sees little impact on 2024 performance from e-vapor enforcement
February 1, 2024 | markets.businessinsider.com
Altria Group Sees Higher FY24 Earnings; To Buy Back $1 Bln Shares - Update
See More Headlines
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Company Calendar

Ex-Dividend for 1/10 Dividend
12/20/2023
Dividend Payable
1/10/2024
Last Earnings
2/01/2024
Today
2/08/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Consumer Staples
Industry
Cigarettes
Sub-Industry
Tobacco
Current Symbol
NYSE:MO
CUSIP
02209S10
CIK
764180
Web
www.altria.com
Phone
(804) 274-2200
Fax
804-484-8231
Employees
6,300
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$47.22
High Stock Price Target
$56.00
Low Stock Price Target
$36.10
Potential Upside/Downside
+18.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.57
Trailing P/E Ratio
8.76
Forward P/E Ratio
7.88
P/E Growth
2.44
Net Income
$8.13 billion
Net Margins
33.21%
Pretax Margin
44.63%
Return on Equity
-243.71%
Return on Assets
23.71%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.49
Quick Ratio
0.39

Sales & Book Value

Annual Sales
$24.48 billion
Price / Sales
2.89
Cash Flow
$4.98 per share
Price / Cash Flow
8.04
Book Value
($2.00) per share
Price / Book
-20.01

Miscellaneous

Outstanding Shares
1,768,650,000
Free Float
1,767,409,000
Market Cap
$70.78 billion
Optionable
Optionable
Beta
0.66

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Should I Buy Altria Group Stock? MO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Altria Group was last updated on Monday, January 29, 2024 at 1:29 PM.

Pros

Here are some ways that investors could benefit from investing in Altria Group, Inc.:

  • Altria Group, Inc. is a well-established company that has been in operation since 1822.
  • The company manufactures and sells smokeable and oral tobacco products, which have a consistent demand in the United States.
  • Altria Group, Inc. has a strong distribution network, including distributors and large retail organizations, which ensures wide market reach.
  • Investing in Altria Group, Inc. provides an opportunity to benefit from the consistent revenue generated by tobacco products.
  • Recent developments and updates in the company's operations and products make it an interesting investment option.

Cons

Investors should be bearish about investing in Altria Group, Inc. for these reasons:

  • There may be regulatory challenges and restrictions on tobacco products, which could impact the company's profitability.
  • Changing consumer preferences and increasing awareness about health risks associated with tobacco products may affect the demand for Altria Group, Inc.'s products.
  • Investing in a tobacco company may not align with the ethical or social values of some investors.
  • The stock price of Altria Group, Inc. is subject to market fluctuations and may not always provide consistent returns.
  • It is important to consider the potential risks and uncertainties in the tobacco industry before making an investment decision.














MO Stock Analysis - Frequently Asked Questions

Should I buy or sell Altria Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altria Group in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MO, but not buy additional shares or sell existing shares.
View MO analyst ratings or view top-rated stocks.

What is Altria Group's stock price target for 2024?

4 equities research analysts have issued 1-year price objectives for Altria Group's shares. Their MO share price targets range from $36.10 to $56.00. On average, they expect the company's share price to reach $47.22 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
View analysts price targets for MO or view top-rated stocks among Wall Street analysts.

How have MO shares performed in 2024?

Altria Group's stock was trading at $40.34 at the start of the year. Since then, MO stock has decreased by 0.6% and is now trading at $40.08.
View the best growth stocks for 2024 here.

Are investors shorting Altria Group?

Altria Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 16,460,000 shares, an increase of 18.6% from the December 15th total of 13,880,000 shares. Based on an average daily volume of 9,110,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.9% of the shares of the company are sold short.
View Altria Group's Short Interest.

When is Altria Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MO earnings forecast.

How were Altria Group's earnings last quarter?

Altria Group, Inc. (NYSE:MO) issued its earnings results on Thursday, February, 1st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.01. The company had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.06 billion. Altria Group had a net margin of 33.21% and a negative trailing twelve-month return on equity of 243.71%. Altria Group's revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS.
Read the conference call transcript.

How often does Altria Group pay dividends? What is the dividend yield for Altria Group?

Altria Group announced a quarterly dividend on Wednesday, December 6th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.98 per share on Wednesday, January 10th. This represents a $3.92 dividend on an annualized basis and a yield of 9.78%. The ex-dividend date of this dividend is Wednesday, December 20th.
Read our dividend analysis for MO.

Is Altria Group a good dividend stock?

Altria Group (NYSE:MO) pays an annual dividend of $3.92 per share and currently has a dividend yield of 9.66%. MO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MO will have a dividend payout ratio of 74.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MO.

What ETFs hold Altria Group's stock?

ETFs with the largest weight of Altria Group (NYSE:MO) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), Cambria Cannabis ETF (TOKE), ETC 6 Meridian Mega Cap Equity ETF (SIXA), ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH), First Trust Morningstar Dividend Leaders Index (FDL), Formidable ETF (FORH), WBI BullBear Yield 3000 ETF (WBIG) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

How will Altria Group's stock buyback program work?

Altria Group declared that its board has initiated a stock buyback plan on Thursday, February 1st 2024, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

What guidance has Altria Group issued on next quarter's earnings?

Altria Group issued an update on its FY 2024 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of 5.000-5.150 for the period, compared to the consensus EPS estimate of 5.080. The company issued revenue guidance of -.

What is Billy Gifford's approval rating as Altria Group's CEO?

15 employees have rated Altria Group Chief Executive Officer Billy Gifford on Glassdoor.com. Billy Gifford has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Altria Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altria Group investors own include AT&T (T), Philip Morris International (PM), AbbVie (ABBV), Coca-Cola (KO), Verizon Communications (VZ), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Pfizer (PFE), Intel (INTC) and Bank of America (BAC).

Who are Altria Group's major shareholders?

Altria Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.49%), Pacer Advisors Inc. (0.52%), Swiss National Bank (0.31%), Dimensional Fund Advisors LP (0.28%), LSV Asset Management (0.26%) and Victory Capital Management Inc. (0.26%). Insiders that own company stock include Ellen R Strahlman and Robert Matthews Davis.
View institutional ownership trends.

How do I buy shares of Altria Group?

Shares of MO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MO) was last updated on 2/8/2024 by MarketBeat.com Staff

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