Altria Group (MO) : 10 analysts are covering Altria Group (MO) and their average rating on the stock is 2.1, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Altria Group (MO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Altria Group (MO) : The consensus price target for Altria Group (MO) is $69.29 for the short term with a standard deviation of $4.03. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $74, however, the pessimist price target for the company is $62.
For the current week, the company shares have a recommendation consensus of Buy. Altria Group (NYSE:MO): The stock opened at $67.06 on Thursday but the bulls could not build on the opening and the stock topped out at $67.21 for the day. The stock traded down to $66.72 during the day, due to lack of any buying support eventually closed down at $66.74 with a loss of -0.15% for the day. The stock had closed at $66.84 on the previous day. The total traded volume was 4,341,025 shares.
In a related news, The Securities and Exchange Commission has divulged that Dillard James E Iii, officer (SVP, Research, Dev. & RegAffrs) of Altria Group, Inc., had unloaded 9,000 shares at an average price of $66.68 in a transaction dated on August 3, 2016. The total value of the transaction was worth $600,120.
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.