Community Bank & Trust Waco Texas Has $7.33 Million Stake in Altria Group (MO)
Community Bank & Trust Waco Texas grew its stake in Altria Group (NYSE:MO) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,429 shares of the company’s stock after purchasing an additional 287 shares during the quarter. Altria Group comprises approximately 3.5% of Community Bank & Trust Waco Texas’ holdings, making the stock its 2nd largest holding. Community Bank & Trust Waco Texas’ holdings in Altria Group were worth $7,330,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Cadinha & Co. LLC lifted its stake in shares of Altria Group by 34.8% in the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock valued at $693,000 after purchasing an additional 2,401 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Altria Group by 164.9% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after buying an additional 152,121 shares during the period. LMR Partners LLP acquired a new stake in Altria Group during the 2nd quarter worth $1,120,000. Teacher Retirement System of Texas raised its stake in Altria Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after buying an additional 76,988 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in Altria Group by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after buying an additional 14,444 shares during the period. 62.37% of the stock is currently owned by institutional investors.
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Altria Group (NYSE:MO) opened at $65.49 on Thursday. The stock has a market capitalization of $125,272.67, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. equities analysts forecast that Altria Group will post 3.28 earnings per share for the current year.
Altria Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 0.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.
MO has been the topic of several research analyst reports. BidaskClub downgraded Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research note on Tuesday, October 24th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Wednesday, October 11th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Altria Group in a research note on Monday, July 31st. Finally, Citigroup Inc. dropped their price objective on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $72.38.
About Altria Group
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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