Intrust Bank NA Acquires 1,768 Shares of Altria Group, Inc. (NYSE:MO)

Intrust Bank NA raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 10.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,622 shares of the company’s stock after acquiring an additional 1,768 shares during the period. Intrust Bank NA’s holdings in Altria Group were worth $974,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Life Planners acquired a new position in Altria Group during the fourth quarter valued at approximately $25,000. True Wealth Design LLC boosted its position in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Altria Group in the 4th quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in shares of Altria Group in the 4th quarter valued at $32,000. Finally, Promus Capital LLC bought a new stake in shares of Altria Group in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

NYSE:MO opened at $58.17 on Friday. The company has a market cap of $98.35 billion, a PE ratio of 8.88, a PEG ratio of 2.89 and a beta of 0.56. The stock has a 50-day simple moving average of $55.07 and a 200 day simple moving average of $53.59. Altria Group, Inc. has a 52-week low of $40.65 and a 52-week high of $59.67.

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

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a yield of 7.01%. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

Analysts Set New Price Targets

MO has been the topic of several recent analyst reports. Bank of America upgraded 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 decreased their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.