Community Bank & Trust Waco Texas Increases Holdings in Altria Group, Inc. (NYSE:MO)

Community Bank & Trust Waco Texas grew its holdings in Altria Group, Inc. (NYSE:MO) by 4.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 71,946 shares of the company’s stock after acquiring an additional 3,128 shares during the period. Community Bank & Trust Waco Texas’ holdings in Altria Group were worth $3,762,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Financial Life Planners bought a new position in Altria Group during the fourth quarter valued at approximately $25,000. True Wealth Design LLC boosted its stake in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in Altria Group during the third quarter valued at approximately $34,000. Peterson Financial Group Inc. bought a new position in Altria Group during the third quarter valued at approximately $41,000. Finally, Fairman Group LLC boosted its stake in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of NYSE MO opened at $53.84 on Tuesday. The business’s 50 day moving average price is $53.09 and its 200-day moving average price is $52.49. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The company has a market cap of $91.24 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.58%. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MO. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Barclays raised their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.29.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.