Gentry Private Wealth LLC Has $357,000 Holdings in Altria Group, Inc. (NYSE:MO)

Gentry Private Wealth LLC cut its holdings in Altria Group, Inc. (NYSE:MO) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,987 shares of the company’s stock after selling 256 shares during the quarter. Gentry Private Wealth LLC’s holdings in Altria Group were worth $357,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new stake in Altria Group in the second quarter valued at about $27,000. Hobbs Group Advisors LLC acquired a new stake in Altria Group in the second quarter valued at about $30,000. Valley Wealth Managers Inc. boosted its stake in Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in Altria Group in the third quarter valued at about $41,000. Finally, Lynx Investment Advisory acquired a new stake in Altria Group in the second quarter valued at about $44,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MO has been the topic of a number of recent research reports. Bank of America cut their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays lifted their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Citigroup lifted their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.33.

Altria Group Price Performance

Shares of MO opened at $56.73 on Friday. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $56.84. The company has a market capitalization of $96.15 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 3.19 and a beta of 0.64. The business has a 50-day moving average of $51.87 and a 200-day moving average of $49.69.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

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.