Is Altria Group Inc. (NYSE: MO) Back In The Buying Zone?

Currently, there are 1.76B common shares owned by the public and among those 1.70B shares have been available to trade.

The company’s stock has a 5-day price change of 0.32% and 1.30% over the past three months. MO shares are trading 24.10% year to date (YTD), with the 12-month market performance up to 17.21% higher. It has a 12-month low price of $39.06 and touched a high of $54.95 over the same period. MO has an average intraday trading volume of 8.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.22%, -2.69%, and 8.92% respectively.

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Institutional ownership of Altria Group Inc. (NYSE: MO) shares accounts for 59.91% of the company’s 1.76B shares outstanding.

It has a market capitalization of $85.41B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 8.63, while the earnings-per-share (ttm) stands at $5.80. The company has a PEG of 2.11 and a Quick Ratio of 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.49% over the week and 1.33% over the month.

Analysts forecast that Altria Group Inc. (MO) will achieve an EPS of 1.35 for the current quarter, 1.29 for the next quarter and 5.3 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.32 while analysts give the company a high EPS estimate of 1.32. Comparatively, EPS for the current quarter was 1.17 a year ago. Earnings per share for the fiscal year are expected to increase by 3.08%, and 3.94% over the next financial year. EPS should shrink at an annualized rate of 4.09% over the next five years, compared to 4.39% over the past 5-year period.

Looking at the support for the MO, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on October 08, 2024, with the firm’s price target at $44.50-$48. Stifel was of a view on April 14, 2023 that the stock is Buy, while UBS gave the stock Sell rating on November 10, 2022, issuing a price target of $38. Barclays on their part issued Underweight rating on June 29, 2022.

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