Tradewinds LLC. Boosts Stock Holdings in Altria Group, Inc. (NYSE:MO)

Tradewinds LLC. lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 3.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,902 shares of the company’s stock after acquiring an additional 298 shares during the quarter. Tradewinds LLC.’s holdings in Altria Group were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MFA Wealth Advisors LLC bought a new stake in shares of Altria Group during the second quarter valued at about $27,000. Hobbs Group Advisors LLC purchased a new position in Altria Group during the second quarter valued at approximately $30,000. Valley Wealth Managers Inc. increased its holdings in Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares during the period. Peterson Financial Group Inc. purchased a new stake in Altria Group in the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC boosted its holdings in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Performance

Shares of MO opened at $55.98 on Thursday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $56.55. The firm has a 50 day moving average price of $51.72 and a 200-day moving average price of $49.51. The firm has a market cap of $94.87 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 3.18 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (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 analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, equities research analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MO. Barclays increased their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Citigroup raised their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Bank of America cut their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. UBS Group raised their target price on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.33.

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.