Technicals Say Altria Group Inc. (MO) Is Worth Holding

As of Thursday close, Altria Group Inc.’s (NYSE:MO) stock was up $0.48, moving up 0.93 percent to $52.17. The average number of shares traded per day over the past five days has been 16,411,539 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.78 fall in that time frame. In the last twenty days, the average volume was 10,689,305, while in the previous 50 days, it was 9,837,874.

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Since last month, MO stock retreated -4.99%. Shares of the company fell to $50.36 on 05/10/22, the lowest level in the past month. A 52-week high of $57.05 was reached on 04/21/22 after having rallying from a 52-week low of $42.53. Since the beginning of this year, MO’s stock price has risen by 10.09% or $4.78, and marked a new high 18 times. However, the stock has declined by -8.55% since its 52-week high.

Altria Group Inc. (MO) last reported insider trading activity 352 days ago on May 26. Strahlman Ellen R, the Director of the company, purchased of 2,000 shares for $49.59 on May 26. It resulted in a $99,176 investment by the insider.

Valuation Metrics

Right now, Altria Group Inc. (MO) has a P/E ratio of about 31.77. The stock’s beta is 0.52.

The latest dividend of $0.90 per share was paid out, remained unchanged from last year’s $0.90. On Thursday August 26 2021, a $0.04 dividend increase was announced.

Financial Health

In the three months ended September 29, Altria Group Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 54.90% percent. In the year ended September 29, operating margins totaled 44.40%. Based on annual data, MO earned $13.99 billion in gross profit and brought in $26.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 35.60%. Return on equity (ROE) for the past 12 months was -871.50%.

In Altria Group Inc.’s quarter-end financial report for September 29, it reported total debt of $25.41 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MO’s revenue fell -8.06% to $6.94 billion during the quarter, while net income inched up to $5.89 billion. While analysts expected Altria Group Inc. to report $1.26 quarterly earnings, the actual figure was $1.22 per share, beating the consensus estimate by -3.20%. During the quarter, the company generated $2.94 billion in EBITDA. The liabilities of Altria Group Inc. were 41.99 billion at the end of its most recent quarter ended September 29, and its total debt was $28.13 billion. The value of shareholders’ equity is $1.81 billion.

Technical Picture

This quick technical analysis looks at Altria Group Inc.’s (MO) price momentum. With a historical volatility rate of 38.70%, the RSI 9-day stood at 32.92% on 12 May.

With respect to its five-day moving average, the current Altria Group Inc. price is down by -6.76% percent or -$3.78. At present, MO shares trade -4.80% below its 20-day simple moving average and +8.12% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.21% below its SMA50 and +9.55% above its SMA200.

Stochastic coefficient K was 21.72% and Stochastic coefficient D was 34.94%, while ATR was 1.57. Given the Stochastic reading of 27.14% for the 14-day period, the RSI (14) reading has been calculated as 38.54%. As of today, the MACD Oscillator reading stands at -2.68, while the 14-day reading stands at -2.92.

Analyst Ratings

Altria Group Inc. downgraded its rating on Altria Group Inc. (NYSE: MO) to a Mkt perform in a note to investors on May 10, 2022. The analysts firm previously had an Outperform rating on the stock.Altria Group Inc. (MO) has been rated Overweight by analysts. According to 0 brokerage firms, MO is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Altria Group Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $57.00, the current consensus forecast for the stock is $53.00 – $68.00. Based on these forecasts, analysts predict Altria Group Inc. (MO) will achieve an average price target of $57.04.


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