Altria Group Inc (MO)

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Traders Buy Large Volume of Altria Group Put Options (NYSE:MO)
By: MarketBeat | December 23, 2020

Altria Group, Inc. (NYSE:MO) was the target of some unusual options trading activity on Thursday. Traders acquired 23,788 put options on the stock. This is an increase of approximately 415% compared to the typical volume of 4,616 put options.

Altria Group stock opened at $41.72 on Friday. The firm has a market cap of $77.53 billion, a PE ratio of 115.89, a price-to-earnings-growth ratio of 2.46 and a beta of 0.52. Altria Group has a 52-week low of $30.95 and a 52-week high of $51.78. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 8.59. The company's 50 day moving average is $40.91 and its two-hundred day moving average is $40.79.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, November 4th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.03. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.38 billion. Altria Group had a net margin of 2.84% and a return on equity of 148.93%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. On average, equities research analysts anticipate that Altria Group will post 4.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Monday, December 28th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, December 24th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 8.25%. Altria Group's payout ratio is 81.52%.

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