Altria Group Inc. (NYSE: MO) is 26.52% higher on its value in year-to-date trading and has touched a low of $39.06 and a high of $54.95 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 $51.05 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $51.04, the stock is -2.44% and -0.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.02 million and changing -0.02% at the moment leaves the stock 12.90% off its SMA200. MO registered 21.12% gain for a year compared to 6-month gain of 18.09%. The firm has a 50-day simple moving average (SMA 50) of $51.4454 and a 200-day simple moving average (SMA200) of $45.25765.
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The stock witnessed a -4.35% loss in the last 1 month and extending the period to 3 months gives it a 10.88%, and is 0.04% up 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 1.24% over the week and 1.37% over the month.
Altria Group Inc. (MO) has around 6400 employees, a market worth around $87.09B and $20.30B in sales. Current P/E ratio is 8.80 and Fwd P/E is 9.62. Profit margin for the company is 49.93%. Distance from 52-week low is 30.65% and -7.12% from its 52-week high. The company has generated returns on investments over the last 12 months (49.55%).
The EPS is expected to grow by 3.15% this year.
Altria Group Inc. (MO) Top Institutional Holders
2329.0 institutions hold shares in Altria Group Inc. (MO), with institutional investors hold 60.38% of the company’s shares. The shares outstanding are 1.76B, and float is at 1.70B with Short Float at 1.58%. Institutions hold 60.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 156.12 million shares valued at $7.11 billion. The investor’s holdings represent 8.8805% of the MO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 125.5 million shares valued at $5.72 billion to account for 7.1386 of the shares outstanding. The other top investors are STATE STREET CORP which holds 69.57 million shares representing 3.9574% and valued at over $3.24 billion, while CAPITAL WORLD INVESTORS holds 3.8039 of the shares totaling 66.87 million with a market value of $3.05 billion.
Altria Group Inc. (MO) Insider Activity
The most recent transaction is an insider sale by Whitaker Charles N., the company’s Sr. VP, Chief HR Off. & CCO. SEC filings show that Whitaker Charles N. sold 22,487 shares of the company’s common stock on May 02 ’24 at a price of $43.95 per share for a total of $0.99 million. Following the sale, the insider now owns 0.17 million shares.
Altria Group Inc. disclosed in a document filed with the SEC on Nov 06 ’23 that Davis Robert Matthews (Director) bought a total of 1,200 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $40.50 per share for $48599.0. Following the transaction, the insider now directly holds 8473.0 shares of the MO stock.
Still, SEC filings show that on Nov 06 ’23, Clarke Ian L.T. (Director) acquired 1,100 shares at an average price of $40.57 for $44625.0. The insider now directly holds 7,145 shares of Altria Group Inc. (MO).
