Monthly Stock Report: Altria Group, Inc. (MO)

Publication Date: September 22, 2024

Company Overview

Altria Group, Inc. (MO), headquartered in Richmond, Virginia, is a prominent player in the consumer defensive sector. Established in 1822, the company specializes in manufacturing and selling smokeable and oral tobacco products across the United States. Altria boasts a portfolio of well-known brands, including Marlboro cigarettes, Black & Mild cigars, and smokeless tobacco products such as Copenhagen and Skoal. In response to evolving consumer preferences, Altria is also expanding into modern alternatives like oral nicotine pouches and e-vapor products. As of now, Altria reported total revenues of approximately $20.3 billion, reflecting the ongoing demand for its products despite regulatory challenges. Analysts indicate a cautious hold recommendation for Altria, assigning a target high price of $73.00 while contending with the company’s ongoing operational performance amidst market dynamics.

Financial Insights

Altria’s financial landscape underscores its resilience within a competitive market. With around 1.71 billion shares outstanding and a relatively low short interest of approximately 1.53% (about 26.16 million shares), investor sentiment appears cautiously optimistic. The stock’s current price of $50.39 positions it below both its fifty-day moving average of $51.15 and its fifty-two week high of $54.95, suggesting a pullback from its peak. The target price analysis unveils a spectrum with a high target of $73.00 and a low of $41.00, leading to a mean target of $50.56, which points to potential volatility. This consensus reflects analysts’ neutral stance, with an average rating of 2.8, indicating a pause before making significant investment decisions.

Market Performance

Despite facing a challenging environment, Altria’s substantial revenue generation is noteworthy. The current asset price reflects a potential for growth, as it stands significantly lower than the high target price, which encourages cautious optimism. Investors should remain vigilant in tracking the company’s performance, especially concerning its operational metrics such as EBITA, which are currently lacking in detail but crucial for a comprehensive assessment of profitability. The stock’s history of price fluctuations, including a fifty-two week low of $39.07, underscores the necessity for careful observation as the market evolves, presenting both opportunities and risks for investors.

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Metric	Value
Market Cap	$86.0b
Total Debt	$25.0b
Total Cash	$1.8b
Shares Outstanding	1.7b
Float Shares	1.7b