Rnc Capital Management buys $31,230,928 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Rnc Capital Management scooped up 10,619 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 506,338 shares of Altria Group Inc which is valued at $31,230,928.Altria Group Inc makes up approximately 3.05% of Rnc Capital Management’s portfolio.

Altria Group Inc opened for trading at $61.63 and hit $62.419 on the upside on Monday, eventually ending the session at $62.17, with a gain of 0.79% or 0.49 points. The heightened volatility saw the trading volume jump to 43,43,983 shares. Company has a market cap of $121,725 M.

Other Hedge Funds, Including , Visionary Asset Management added MO to its portfolio by purchasing 40,050 company shares during the most recent quarter which is valued at $2,470,284. Altria Group Inc makes up approx 0.87% of Visionary Asset Management’s portfolio.1st Global Advisors boosted its stake in MO in the latest quarter, The investment management firm added 2,028 additional shares and now holds a total of 51,146 shares of Altria Group Inc which is valued at $3,154,685. Altria Group Inc makes up approx 0.44% of 1st Global Advisors’s portfolio.Capstone Asset Management Co reduced its stake in MO by selling 117,624 shares or 79.22% in the most recent quarter. The Hedge Fund company now holds 30,858 shares of MO which is valued at $1,903,321. Altria Group Inc makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Beese Fulmer Investment Management reduced its stake in MO by selling 100 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 28,584 shares of MO which is valued at $1,763,061. Altria Group Inc makes up approx 0.51% of Beese Fulmer Investment Management’s portfolio.Lynch Associatesin boosted its stake in MO in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 26,895 shares of Altria Group Inc which is valued at $1,658,884. Altria Group Inc makes up approx 0.78% of Lynch Associatesin’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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