Windle Wealth LLC Sells 8,246 Shares of Altria Group, Inc. (NYSE:MO)

Windle Wealth LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,993 shares of the company's stock after selling 8,246 shares during the quarter. Altria Group makes up approximately 4.3% of Windle Wealth LLC's portfolio, making the stock its 11th biggest position. Windle Wealth LLC's holdings in Altria Group were worth $8,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MO. Redwood Park Advisors LLC bought a new stake in Altria Group in the fourth quarter valued at $26,000. Inlight Wealth Management LLC purchased a new position in shares of Altria Group during the first quarter valued at approximately $31,000. Sierra Ocean LLC grew its stake in shares of Altria Group by 226.3% in the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company's stock worth $31,000 after acquiring an additional 353 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in Altria Group in the 4th quarter valued at about $33,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Altria Group during the 4th quarter valued at $38,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Up 1.6%

Shares of Altria Group stock traded up $0.94 during trading on Monday, hitting $58.96. 6,931,072 shares of the stock traded hands, compared to its average volume of 8,678,550. The stock has a market cap of $99.31 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 3.34 and a beta of 0.59. Altria Group, Inc. has a 52 week low of $47.57 and a 52 week high of $61.26. The firm's fifty day moving average is $59.06 and its 200-day moving average is $56.87.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.19 by $0.04. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company's quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 16th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend was Monday, June 16th. Altria Group's payout ratio is 68.34%.

Analysts Set New Price Targets

MO has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on Altria Group in a research report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 target price for the company. Barclays boosted their price objective on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research report on Tuesday, April 1st. UBS Group raised shares of Altria Group from a "sell" rating to a "neutral" rating and boosted their price target for the company from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Finally, Citigroup raised their price objective on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.75.

Altria Group 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.