Windle Wealth LLC Has $7.65 Million Holdings in Altria Group, Inc. (NYSE:MO)

Windle Wealth LLC raised its holdings in Altria Group, Inc. (NYSE:MO) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,239 shares of the company’s stock after purchasing an additional 1,059 shares during the quarter. Altria Group makes up about 4.2% of Windle Wealth LLC’s investment portfolio, making the stock its 8th largest position. Windle Wealth LLC’s holdings in Altria Group were worth $7,647,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MO. State Street Corp raised its position in Altria Group by 5.6% in the 3rd quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after purchasing an additional 3,910,738 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Altria Group in the 4th quarter valued at $137,536,000. Charles Schwab Investment Management Inc. increased its stake in shares of Altria Group by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock valued at $3,127,218,000 after buying an additional 2,296,972 shares during the period. Geode Capital Management LLC increased its stake in shares of Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after buying an additional 1,003,605 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Altria Group in the 3rd quarter valued at $32,206,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Down 1.4 %

MO stock opened at $58.17 on Wednesday. The business’s 50-day moving average price is $53.40 and its two-hundred day moving average price is $53.20. The firm has a market cap of $98.35 billion, a PE ratio of 8.88, a P/E/G ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 1-year low of $40.65 and a 1-year high of $59.67.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a yield of 7.01%. Altria Group’s dividend payout ratio is presently 62.29%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MO. Morgan Stanley lowered their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.29.

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.