Citizens National Bank Trust Department Has $3.35 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Citizens National Bank Trust Department reduced its stake in shares of Altria Group, Inc. (NYSE:MO) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,086 shares of the company’s stock after selling 1,500 shares during the quarter. Citizens National Bank Trust Department’s holdings in Altria Group were worth $3,351,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MO. Financial Life Planners bought a new position in Altria Group in the 4th quarter valued at about $25,000. True Wealth Design LLC boosted its position in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Altria Group in the third quarter valued at approximately $34,000. Kestra Investment Management LLC acquired a new position in Altria Group during the fourth quarter valued at approximately $40,000. Finally, Peterson Financial Group Inc. bought a new stake in Altria Group during the third quarter worth $41,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of NYSE MO opened at $53.37 on Thursday. The stock has a market cap of $90.45 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. The firm has a 50 day moving average price of $52.62 and a two-hundred day moving average price of $52.65. Altria Group, Inc. has a 52-week low of $39.25 and a 52-week high of $58.03.

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

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s payout ratio is presently 62.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley lowered their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.29.

Altria Group Company 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.