CNB Bank Buys 1,062 Shares of Altria Group, Inc. (NYSE:MO)

CNB Bank increased its position in Altria Group, Inc. (NYSE:MO) by 46.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,329 shares of the company’s stock after buying an additional 1,062 shares during the period. CNB Bank’s holdings in Altria Group were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MO. True Wealth Design LLC grew its stake in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Altria Group in the 3rd quarter worth $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group in the 3rd quarter valued at $41,000. Fairman Group LLC increased its stake in Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares in the last quarter. Finally, IFS Advisors LLC raised its holdings in Altria Group by 330.4% during the fourth quarter. IFS Advisors LLC now owns 977 shares of the company’s stock worth $51,000 after buying an additional 750 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 0.5 %

Shares of NYSE MO opened at $51.41 on Friday. The company has a market capitalization of $87.13 billion, a PE ratio of 8.68, a PEG ratio of 2.69 and a beta of 0.64. The stock’s 50 day moving average price is $54.38 and its 200-day moving average price is $51.91. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business’s revenue was up 18.6% on a year-over-year basis. As a group, research analysts expect that Altria Group, Inc. will post 5.12 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.94%. Altria Group’s dividend payout ratio (DPR) is presently 68.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley assumed coverage on Altria Group in a report on Thursday. They set an “equal weight” rating and a $54.00 price objective for the company. Stifel Nicolaus increased their price objective on Altria Group from $54.00 to $60.00 and gave the stock 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 report on Monday, November 4th. Finally, Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.43.

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.