Prospera Financial Services Inc Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Prospera Financial Services Inc reduced its stake in Altria Group Inc by 1.28% during the most recent quarter end. The investment management company now holds a total of 81,178 shares of Altria Group Inc which is valued at $5,007,059 after selling 1,054 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Altria Group Inc makes up approximately 1.11% of Prospera Financial Services Inc’s portfolio.

Altria Group Inc opened for trading at $61.71 and hit $61.75 on the upside on Friday, eventually ending the session at $61.68, with a gain of 0.15% or 0.09 points. The heightened volatility saw the trading volume jump to 67,38,709 shares. Company has a market cap of $120,765 M.

Other Hedge Funds, Including , Wunderlich Securities reduced its stake in MO by selling 296 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 49,658 shares of MO which is valued at $3,062,905. Altria Group Inc makes up approx 4.53% of Wunderlich Securities’s portfolio.Investment Counsel boosted its stake in MO in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 8,590 shares of Altria Group Inc which is valued at $529,831. Altria Group Inc makes up approx 0.49% of Investment Counsel’s portfolio.Proficio Capital Partners boosted its stake in MO in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 287 shares of Altria Group Inc which is valued at $18,170. Altria Group Inc makes up approx 0.02% of Proficio Capital Partners’s portfolio.Foundry Partners boosted its stake in MO in the latest quarter, The investment management firm added 92,430 additional shares and now holds a total of 191,150 shares of Altria Group Inc which is valued at $12,101,707. Altria Group Inc makes up approx 1.21% of Foundry Partners’s portfolio.Hollencrest Securities reduced its stake in MO by selling 1,074 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 35,361 shares of MO which is valued at $2,238,705. Altria Group Inc makes up approx 0.39% of Hollencrest Securities’s portfolio.

On the company’s financial health, Altria Group Inc reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $4729.00 million for the quarter, compared to analysts expectations of $4764.32 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Altria Group Inc. Altria Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Mar 24, 2016.

Altria Group Inc. is a holding company. The Company’s reportable segments include smokeable products smokeless products and wine. As of December 31 2014 Altria Group Inc.’s wholly owned subsidiaries included Philip Morris USA Inc. (PM USA) which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton) which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco and is a wholly owned subsidiary of PM USA and UST LLC (UST) which through its wholly owned subsidiaries including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.

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