The stock of Altria Group Inc. (NYSE:MO) last traded at $49.90, up 0.08% from the previous session.
MO stock price is now -3.07% away from the 50-day moving average and 9.07% away from the 200-day moving average. The market capitalization of the company currently stands at $85.14B.
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With the price target enhanced from $44.50 to $48, Citigroup maintained Neutral rating for Altria Group Inc. (NYSE: MO). , while ‘Stifel’ rates the stock as ‘Buy’
In other news, Whitaker Charles N., Sr. VP, Chief HR Off. & CCO sold 22,487 shares of the company’s stock on May 02 ’24. The stock was sold for $988,360 at an average price of $43.95. Upon completion of the transaction, the Sr. VP, Chief HR Off. & CCO now directly owns 173,485 shares in the company, valued at $8.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’23, Director Davis Robert Matthews bought 1,200 shares of the business’s stock. A total of $48,599 was incurred on buying the stock at an average price of $40.50. This leaves the insider owning 8,473 shares of the company worth $0.42 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Altria Group Inc. has had a low of $39.06 and a high of $54.95. According to the stock market information, the enterprise value for the company is $108414590976, which is based on a 8.61 price-to-earnings ratio, a 2.10 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for MO is $51.483 and a two-hundred day moving average price translates $45.7496 for the stock.
The latest earnings results from Altria Group Inc. (NYSE: MO) was released for 2024-06-30. The company reported revenue of $6.21 billion for the quarter, compared to $6.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.59 percent.
