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Altria Group Inc. (MO) Analysis & Forecast for 2024

Altria Group Inc. (NYSE: MO) is 1.02% higher on its value in year-to-date trading and has touched a low of $39.06 and a high of $48.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MO stock was last observed hovering at around $40.95 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $40.75, the stock is -4.81% and -2.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.4 million and changing -0.49% at the moment leaves the stock -3.77% off its SMA200. MO registered -9.50% loss for a year compared to 6-month gain of -4.48%.

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The stock witnessed a -7.11% loss in the last 1 month and extending the period to 3 months gives it a -0.54%, and is -3.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.33% over the week and 1.42% over the month.

Altria Group Inc. (MO) has around 6400 employees, a market worth around $71.86B and $20.50B in sales. Current P/E ratio is 8.93 and Fwd P/E is 7.72. Profit margin for the company is 39.57%. Distance from 52-week low is 4.31% and -15.17% from its 52-week high. The company has generated returns on investments over the last 12 months (37.61%).

The EPS is expected to grow by 2.37% this year.

Altria Group Inc. (MO) Top Institutional Holders

The shares outstanding are 1.76B, and float is at 1.76B with Short Float at 3.43%.

Altria Group Inc. (MO) Insider Activity

The most recent transaction is an insider purchase by Davis Robert Matthews,the company’sDirector. SEC filings show that Davis Robert Matthews bought 1,200 shares of the company’s common stock on Nov 06 ’23 at a price of $40.50 per share for a total of $48599.0. Following the purchase, the insider now owns 8473.0 shares.

Altria Group Inc. disclosed in a document filed with the SEC on Nov 06 ’23 that Clarke Ian L.T. (Director) bought a total of 1,100 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $40.57 per share for $44625.0. Following the transaction, the insider now directly holds 7145.0 shares of the MO stock.

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