Altria Group Inc (MO) Shares Bought by CNB Bank

CNB Bank raised its holdings in Altria Group Inc (NYSE:MO) by 10.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,195 shares of the company’s stock after buying an additional 315 shares during the quarter. CNB Bank’s holdings in Altria Group were worth $184,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Litman Gregory Asset Management LLC acquired a new position in shares of Altria Group in the fourth quarter valued at about $30,000. Country Trust Bank increased its holdings in shares of Altria Group by 86.9% in the first quarter. Country Trust Bank now owns 514 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Clean Yield Group acquired a new position in shares of Altria Group in the fourth quarter valued at about $32,000. Transamerica Financial Advisors Inc. increased its holdings in shares of Altria Group by 627.6% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock valued at $36,000 after purchasing an additional 615 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of Altria Group in the first quarter valued at about $43,000. Institutional investors own 64.04% of the company’s stock.

Altria Group stock opened at $52.81 on Friday. The stock has a market cap of $97.04 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.62 and a beta of 0.35. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 1.92.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, April 25th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. Research analysts anticipate that Altria Group Inc will post 4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Thursday, June 13th. Altria Group’s payout ratio is currently 80.20%.

In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nabil Y. Sakkab acquired 1,352 shares of the company’s stock in a transaction on Monday, February 25th. The stock was acquired at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the completion of the acquisition, the director now owns 39,660 shares of the company’s stock, valued at approximately $2,066,682.60. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. ValuEngine raised Altria Group from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup set a $45.00 target price on Altria Group and gave the stock a “sell” rating in a report on Friday, April 26th. Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Finally, Bank of America raised their target price on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Altria Group currently has an average rating of “Hold” and an average price target of $62.53.

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About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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