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

Trust Co. of Toledo NA OH grew its position in Altria Group, Inc. (NYSE:MO - Free Report) by 37.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,753 shares of the company's stock after acquiring an additional 6,532 shares during the quarter. Trust Co. of Toledo NA OH's holdings in Altria Group were worth $1,426,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC grew its position in shares of Altria Group by 4.3% during the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company's stock worth $240,000 after acquiring an additional 190 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in Altria Group by 4.0% during the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company's stock worth $264,000 after purchasing an additional 194 shares during the period. Fragasso Financial Advisors Inc grew its position in Altria Group by 3.1% during the 1st quarter. Fragasso Financial Advisors Inc now owns 6,499 shares of the company's stock worth $390,000 after purchasing an additional 197 shares during the last quarter. Skyline Advisors Inc. increased its stake in Altria Group by 2.2% in the first quarter. Skyline Advisors Inc. now owns 9,255 shares of the company's stock valued at $555,000 after purchasing an additional 200 shares during the period. Finally, Fiduciary Group LLC increased its stake in Altria Group by 1.5% in the fourth quarter. Fiduciary Group LLC now owns 13,778 shares of the company's stock valued at $720,000 after purchasing an additional 203 shares during the period. Institutional investors own 57.41% of the company's stock.

Altria Group Price Performance

Shares of NYSE MO traded down $0.18 during trading on Friday, hitting $59.74. 10,168,742 shares of the company were exchanged, compared to its average volume of 8,637,053. Altria Group, Inc. has a 1 year low of $43.92 and a 1 year high of $61.26. The company has a market cap of $100.64 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.89 and a beta of 0.60. The firm's fifty day moving average price is $58.75 and its 200 day moving average price is $56.10.

Altria Group (NYSE:MO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group's payout ratio is currently 68.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MO. Wall Street Zen downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Barclays increased their price objective on Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Citigroup boosted their target price on Altria Group from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Needham & Company LLC upgraded Altria Group to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group lifted their price objective on shares of Altria Group from $46.00 to $47.00 and gave the company a "sell" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Altria Group has an average rating of "Hold" and a consensus price target of $56.00.

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.