It’s an appealing income play to consider Altria Group Inc. (MO)

As of close of business last night, Altria Group Inc.’s stock clocked out at $39.93, down -1.26% from its previous closing price of $40.44. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 9123732 shares were traded. MO stock price reached its highest trading level at $40.59 during the session, while it also had its lowest trading level at $39.92.

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Ratios:

To gain a deeper understanding of MO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.21 and its Current Ratio is at 0.33.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 06 when Davis Robert Matthews bought 1,200 shares for $40.50 per share. The transaction valued at 48,599 led to the insider holds 8,473 shares of the business.

Clarke Ian L.T. bought 1,100 shares of MO for $44,625 on Nov 06. The Director now owns 7,145 shares after completing the transaction at $40.57 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MO now has a Market Capitalization of 70.62B and an Enterprise Value of 94.18B. As of this moment, Altria’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.14, and their Forward P/E ratio for the next fiscal year is 7.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.43. Its current Enterprise Value per Revenue stands at 4.58 whereas that against EBITDA is 7.71.

Stock Price History:

Over the past 52 weeks, MO has reached a high of $48.99, while it has fallen to a 52-week low of $39.06. The 50-Day Moving Average of the stock is 41.16, while the 200-Day Moving Average is calculated to be 43.38.

Shares Statistics:

It appears that MO traded 9.44M shares on average per day over the past three months and 8.62M shares per day over the past ten days. A total of 1.79B shares are outstanding, with a floating share count of 1.77B. Insiders hold about 0.12% of the company’s shares, while institutions hold 59.18% stake in the company. Shares short for MO as of Dec 28, 2023 were 16.46M with a Short Ratio of 16.46M, compared to 13.85M on Nov 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.93% and a Short% of Float of 0.93%.

Dividends & Splits

With its trailing 12-month dividend rate of 3.80, MO has a forward annual dividend rate of 3.84. Against a Trailing Annual Dividend Yield of 9.40%, it implies a Forward Annual Dividend Yield of 9.82%. The stock’s 5-year Average Dividend Yield is 7.69. The current Payout Ratio is 115.44% for MO, which recently paid a dividend on Jan 09, 2024 with an ex-dividend date of Dec 19, 2023. Stock splits for the company last occurred on Apr 10, 1997 when the company split stock in a 3:1 ratio.

Earnings Estimates

As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.17 for the current quarter, with a high estimate of $1.21 and a low estimate of $1.14, while EPS last year was $1.18. The consensus estimate for the next quarter is $1.19, with high estimates of $1.22 and low estimates of $1.16.

Analysts are recommending an EPS of between $5 and $4.92 for the fiscal current year, implying an average EPS of $4.96. EPS for the following year is $5.09, with 13 analysts recommending between $5.27 and $4.92.

Revenue Estimates

In the current quarter, 8 analysts expect revenue to total $5.07B. It ranges from a high estimate of $5.17B to a low estimate of $4.97B. As of the current estimate, Altria Group Inc.’s year-ago sales were $5.08B, an estimated decrease of -0.30% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $4.81B, a decrease of -1.90% less than the figure of -$0.30% in the same quarter last year. There is a high estimate of $4.96B for the next quarter, whereas the lowest estimate is $4.61B.

A total of 12 analysts have provided revenue estimates for MO’s current fiscal year. The highest revenue estimate was $20.67B, while the lowest revenue estimate was $20.43B, resulting in an average revenue estimate of $20.55B. In the same quarter a year ago, actual revenue was $20.69B, down -0.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $20.73B in the next fiscal year. The high estimate is $21.26B and the low estimate is $20.32B. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.

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