Trust Co. of Toledo NA OH Sells 294 Shares of Altria Group, Inc. (NYSE:MO)

Trust Co. of Toledo NA OH lowered its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 17,221 shares of the company’s stock after selling 294 shares during the period. Trust Co. of Toledo NA OH’s holdings in Altria Group were worth $900,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MO. American Century Companies Inc. raised its stake in Altria Group by 163.6% during the second quarter. American Century Companies Inc. now owns 50,862 shares of the company’s stock worth $2,317,000 after buying an additional 31,568 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Altria Group by 24.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,141,605 shares of the company’s stock worth $97,550,000 after buying an additional 423,091 shares during the last quarter. One Capital Management LLC grew its holdings in Altria Group by 1.2% in the second quarter. One Capital Management LLC now owns 22,257 shares of the company’s stock worth $1,014,000 after purchasing an additional 267 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in Altria Group by 0.7% in the second quarter. Mesirow Financial Investment Management Inc. now owns 54,703 shares of the company’s stock worth $2,492,000 after purchasing an additional 380 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in Altria Group by 57.5% in the second quarter. Citizens Financial Group Inc. RI now owns 21,865 shares of the company’s stock worth $996,000 after purchasing an additional 7,983 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $50.84 on Tuesday. The stock has a market capitalization of $86.16 billion, a P/E ratio of 8.59, a P/E/G ratio of 3.03 and a beta of 0.64. The company has a 50-day moving average price of $54.50 and a 200-day moving average price of $51.88. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period last year, the firm earned $1.28 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is currently 68.92%.

Analyst Ratings Changes

A number of equities research analysts have commented on MO shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Citigroup raised their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $53.33.

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.