Community Bank & Trust Waco Texas Sells 3,859 Shares of Altria Group, Inc. (NYSE:MO)

Community Bank & Trust Waco Texas trimmed its stake in shares of Altria Group, Inc. (NYSE:MO) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,818 shares of the company’s stock after selling 3,859 shares during the period. Community Bank & Trust Waco Texas’ holdings in Altria Group were worth $3,512,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Delta Investment Management LLC lifted its stake in shares of Altria Group by 2.9% during the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock worth $322,000 after acquiring an additional 198 shares during the last quarter. Scarborough Advisors LLC lifted its holdings in Altria Group by 18.5% during the 2nd quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock valued at $58,000 after buying an additional 200 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its stake in shares of Altria Group by 3.5% during the third quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares in the last quarter. Ridgecrest Wealth Partners LLC grew its stake in Altria Group by 3.5% in the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares in the last quarter. Finally, Zhang Financial LLC raised its position in Altria Group by 1.1% during the 3rd quarter. Zhang Financial LLC now owns 18,454 shares of the company’s stock valued at $942,000 after purchasing an additional 202 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Up 0.9 %

Altria Group stock opened at $54.44 on Wednesday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $55.05. The stock has a fifty day moving average price of $51.50 and a 200 day moving average price of $48.97. The firm has a market capitalization of $92.27 billion, a P/E ratio of 9.20, a PEG ratio of 3.07 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. Altria Group’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. As a group, equities analysts predict that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.49%. This is a positive change from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, September 16th. Altria Group’s dividend payout ratio is 68.92%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MO. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group raised their price target on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Barclays increased their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average price target of $51.33.

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.