Cornerstone Advisors buys $597,393 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Cornerstone Advisors scooped up 418 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 20, 2016. The investment management firm now holds a total of 9,871 shares of Altria Group Inc which is valued at $597,393.Altria Group Inc makes up approximately 0.62% of Cornerstone Advisors’s portfolio.

Altria Group Inc opened for trading at $60.24 and hit $60.56 on the upside on Friday, eventually ending the session at $60.52, with a gain of 0.56% or 0.34 points. The heightened volatility saw the trading volume jump to 69,78,061 shares. Company has a market cap of $118,494 M.

Other Hedge Funds, Including , Exencial Wealth Advisors boosted its stake in MO in the latest quarter, The investment management firm added 287 additional shares and now holds a total of 32,512 shares of Altria Group Inc which is valued at $1,967,626. Altria Group Inc makes up approx 0.91% of Exencial Wealth Advisors’s portfolio.Eqis Capital Management boosted its stake in MO in the latest quarter, The investment management firm added 332 additional shares and now holds a total of 9,701 shares of Altria Group Inc which is valued at $614,170. Altria Group Inc makes up approx 0.04% of Eqis Capital Management’s portfolio.Trust Co Of Virginia Va boosted its stake in MO in the latest quarter, The investment management firm added 438 additional shares and now holds a total of 31,161 shares of Altria Group Inc which is valued at $1,972,803. Altria Group Inc makes up approx 0.36% of Trust Co Of Virginia Va’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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