Tradewinds LLC. Buys 298 Shares of Altria Group, Inc. (NYSE:MO)

Tradewinds LLC. lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MO. German American Bancorp Inc. bought a new position in Altria Group during the third quarter worth $203,000. Trustmark National Bank Trust Department boosted its position in shares of Altria Group by 14.0% during the 3rd quarter. Trustmark National Bank Trust Department now owns 6,631 shares of the company’s stock valued at $338,000 after purchasing an additional 816 shares in the last quarter. Cypress Capital Group grew its stake in Altria Group by 0.5% during the third quarter. Cypress Capital Group now owns 72,838 shares of the company’s stock worth $3,718,000 after purchasing an additional 337 shares during the period. Cornerstone Advisors LLC increased its holdings in Altria Group by 21.5% in the third quarter. Cornerstone Advisors LLC now owns 80,800 shares of the company’s stock worth $4,124,000 after purchasing an additional 14,300 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Altria Group in the 3rd quarter valued at $116,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Performance

Shares of NYSE:MO opened at $55.98 on Thursday. The company has a market capitalization of $94.87 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64. The company’s 50-day moving average is $51.72 and its 200 day moving average is $49.51. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $56.55.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. As a group, research analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, UBS Group upped their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.