CoreFirst Bank & Trust Has $729,000 Holdings in Altria Group, Inc. (NYSE:MO)

CoreFirst Bank & Trust reduced its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,077 shares of the company’s stock after selling 1,036 shares during the quarter. CoreFirst Bank & Trust’s holdings in Altria Group were worth $729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Altshuler Shaham Ltd acquired a new position in Altria Group during the 3rd quarter worth $26,000. ZRC Wealth Management LLC lifted its holdings in Altria Group by 67.6% during the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Criterion Capital Advisors LLC acquired a new position in Altria Group during the 4th quarter worth $27,000. Financial Gravity Asset Management Inc. raised its position in shares of Altria Group by 1,800.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 703 shares of the company’s stock valued at $30,000 after acquiring an additional 666 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in shares of Altria Group during the 4th quarter valued at $28,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total transaction of $988,303.65. Following the completion of the transaction, the vice president now owns 173,485 shares in the company, valued at approximately $7,624,665.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Altria Group Stock Up 0.8 %

Shares of MO traded up $0.37 during trading hours on Monday, reaching $44.69. The stock had a trading volume of 8,280,601 shares, compared to its average volume of 11,142,115. Altria Group, Inc. has a 52 week low of $39.06 and a 52 week high of $47.19. The firm has a 50-day moving average of $44.42 and a 200 day moving average of $42.51. The company has a market cap of $76.76 billion, a P/E ratio of 9.35, a P/E/G ratio of 2.73 and a beta of 0.64.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Analysts Set New Price Targets

MO has been the subject of several recent research reports. Argus upgraded shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. UBS Group upped their target price on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average target price of $46.90.

Read Our Latest Analysis on MO

Altria Group Company 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.

See Also

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

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