Trust Co. of Toledo NA OH Has $900,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Trust Co. of Toledo NA OH lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 institutional investors and hedge funds have also recently made changes to their positions in the business. State Street Corp grew its position in shares of Altria Group by 5.6% during the 3rd quarter. State Street Corp now owns 73,481,686 shares of the company’s stock worth $3,821,831,000 after purchasing an additional 3,910,738 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after acquiring an additional 589,832 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Altria Group by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock worth $2,079,919,000 after acquiring an additional 1,003,605 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Altria Group by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock worth $562,793,000 after acquiring an additional 191,236 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Altria Group by 25.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after acquiring an additional 1,299,703 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup increased their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Finally, Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

Altria Group Price Performance

Shares of NYSE:MO opened at $50.84 on Tuesday. The company has a market cap of $86.16 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 3.03 and a beta of 0.64. The firm has a 50 day simple moving average of $54.50 and a 200 day simple moving average of $51.88. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. As a group, analysts expect that Altria Group, Inc. will post 5.12 EPS for the current year.

Altria Group Announces Dividend

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

About Altria Group

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.