Altria Group, Inc. (NYSE:MO) Stock Holdings Trimmed by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its position in shares of Altria Group, Inc. (NYSE:MOFree Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,598 shares of the company’s stock after selling 1,009 shares during the period. Moody National Bank Trust Division’s holdings in Altria Group were worth $1,234,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. 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 worth $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Altria Group during the third quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group during the 3rd quarter worth approximately $41,000. Fairman Group LLC lifted its holdings in shares of Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Altria Group during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE MO opened at $50.84 on Tuesday. The firm has a market capitalization of $86.16 billion, a PE ratio of 8.59, a P/E/G ratio of 3.03 and a beta of 0.64. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The company’s 50 day simple moving average is $54.50 and its 200 day simple moving average is $51.88.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Sell-side analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 8.03%. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup increased their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. 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 research report on Friday, November 1st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Stifel Nicolaus boosted their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $53.33.

Get Our Latest Stock Analysis on MO

Altria Group Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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