Altria Group (NYSE:MO) : The most positive equity analysts on Altria Group (NYSE:MO) expects the shares to touch $74, whereas, the least positive believes that the stock will trade at $62 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $69 with an expected fluctuation of $4.15 from the mean.
Shares of Altria Group, Inc. rose by 4% in the last five trading days and 8.09% for the last 4 weeks. Altria Group, Inc. is up 10.3% in the last 3-month period. Year-to-Date the stock performance stands at 20.57%. Also, Berenberg initiates coverage on Altria Group (NYSE:MO). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on June 14, 2016.
Altria Group (NYSE:MO) : Zacks Investment Research ranks Altria Group (NYSE:MO) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2, which indicates as a Buy.
Altria Group (NYSE:MO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.90 and $67.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.96, notching a gain of 1.67% for the day. The total traded volume was 9,858,625 . The stock had closed at $67.83 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Munoz George, director of Altria Group, Inc., had unloaded 12,571 shares at an average price of $62.85 in a transaction dated on May 20, 2016. The total value of the transaction was worth $790,087.
Altria Group, Inc. is a holding company. The Companys reportable segments include smokeable products, smokeless products and wine. As of December 31, 2014, Altria Group, Inc.s wholly owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA, and UST LLC (UST), which through its wholly owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.