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

Community Bank & Trust Waco Texas increased its position in Altria Group, Inc. (NYSE:MO) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,946 shares of the company’s stock after purchasing an additional 3,128 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Altria Group were worth $3,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MO. Financial Life Planners purchased a new position in shares of Altria Group in the 4th quarter valued at approximately $25,000. True Wealth Design LLC raised 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 purchased a new position in Altria Group during the third quarter valued at $34,000. Peterson Financial Group Inc. purchased a new position in Altria Group during the third quarter valued at $41,000. Finally, Fairman Group LLC raised 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. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO opened at $53.84 on Tuesday. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The firm has a market capitalization of $91.24 billion, a P/E ratio of 8.22, a PEG ratio of 2.80 and a beta of 0.64. The business has a fifty day moving average of $53.09 and a 200 day moving average of $52.49.

Altria Group (NYSE:MO) last issued 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%. Analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

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

Wall Street Analyst Weigh In

MO has been the subject of a number of recent research reports. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted 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. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley reduced their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus target price of $53.29.

Altria Group Company 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.