First Financial Bank Trust Division Has $1.05 Million Holdings in Altria Group Inc (MO)
First Financial Bank Trust Division trimmed its position in shares of Altria Group Inc (NYSE:MO) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,587 shares of the company’s stock after selling 1,379 shares during the period. First Financial Bank Trust Division’s holdings in Altria Group were worth $1,052,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Sterling Investment Advisors Ltd. lifted its stake in shares of Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after acquiring an additional 800 shares during the period. Solaris Asset Management LLC lifted its stake in shares of Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after acquiring an additional 557 shares during the period. CKW Financial Group acquired a new stake in shares of Altria Group in the 2nd quarter worth approximately $109,000. Balentine LLC lifted its stake in Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the last quarter. Finally, INR Advisory Services LLC acquired a new stake in Altria Group during the second quarter valued at approximately $134,000. 62.62% of the stock is owned by institutional investors.
Shares of Altria Group Inc (NYSE MO) opened at $72.60 on Thursday. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The stock has a market cap of $138,530.00, a P/E ratio of 22.99, a PEG ratio of 2.97 and a beta of 0.62.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.64%. Altria Group’s dividend payout ratio is currently 33.00%.
Several analysts recently commented on MO shares. Jefferies Group set a $67.00 target price on shares of Altria Group and gave the company a “hold” rating in a research note on Thursday, August 24th. BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price for the company. in a research note on Wednesday, September 6th. Cowen reissued a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $62.00 target price on shares of Altria Group in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $72.57.
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Altria Group Company Profile
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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