At the time of writing, Altria Group Inc. [MO] stock is trading at $44.51, up 1.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MO shares have gain 4.29% over the last week, with a monthly amount glided 10.80%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 14, March 2024, Altria to Significantly Enhance Cash Returns to Shareholders Through Expanded Share Repurchase Program in Connection with Pricing of Offering of Anheuser-Busch InBev Stock; Raises 2024 Full-Year Earnings Guidance. In a post published today on Yahoo Finance, Altria Group, Inc. (Altria) (NYSE: MO) today announced that it has agreed to sell 35 million shares of Anheuser-Busch InBev SA/NV (ABI) (NYSE: BUD) (Euronext: ABI) (MEXBOL: ANB) (JSE: ANH) through a global secondary offering (offering) comprised of a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public offering of ABI ordinary shares in the United States, a concurrent private placement of ABI ordinary shares in the European Economic Area and the United Kingdom and an offering of ABI ordinary shares, including ABI ordinary shares represented by ADSs, in other countries outside the United States, at a price of $61.50 per ADS, corresponding to €56.17 per ABI ordinary share. In addition, ABI will repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering. The aggregate amount of the offering and repurchase by ABI is approximately $2.4 billion. Altria has also granted the underwriters an option to purchase up to 5.25 million additional ABI shares owned by Altria at the price per ADS paid by the underwriters in the offering, exercisable within the next 30 days.
From an analyst’s perspective:
On November 10, 2022, downgrade downgraded it’s rating to Sell but maintained its price target of $38 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $36 on June 29, 2022. Morgan Stanley upgraded its rating to a Equal-Weight and reduced its price target to $43 on June 24, 2022. Morgan Stanley downgraded its rating to Underweight for this stock on June 08, 2022, and downed its price target to $50. In a note dated May 10, 2022, Bernstein downgraded an Mkt Perform rating on this stock and revised its target price from $58 to $53.
For the past year, the stock price of Altria Group Inc. fluctuated between $39.06 and $48.04. Currently, Wall Street analysts expect the stock to reach $50.6 within the next 12 months. Altria Group Inc. [NYSE: MO] shares were valued at $44.51 at the most recent close of the market. An investor can expect a potential return of 13.68% based on the average MO price forecast.
Analyzing the MO fundamentals
According to Altria Group Inc. [NYSE:MO], the company’s sales were 20.50B for trailing twelve months, which represents an -1.16% plunge. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.58%, Pretax Profit Margin comes in at 0.51%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is -2.22 and Total Capital is 0.46. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -7.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.93 points at the first support level, and at 43.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.93, and for the 2nd resistance point, it is at 45.34.
Altria Group Inc. [MO] reported earnings per share of $1.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.08/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.17 per share as compared to estimates of $1.18 per share, a difference of -$0.01 representing a surprise of -0.80%.
Ratios To Look Out For
It is important to note that Altria Group Inc. [NYSE:MO] has a current ratio of 0.49. As well, the Quick Ratio is 0.39, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 3.83 and price to earnings (TTM) ratio is 9.75.
Transactions by insiders
Recent insider trading involved Davis Robert Matthews, Director, that happened on Nov 06 ’23 when 1200.0 shares were purchased. Director, Clarke Ian L.T. completed a deal on Nov 06 ’23 to buy 1100.0 shares.
