Jackson Wealth Management Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Jackson Wealth Management reduced its stake in Altria Group Inc by 3.98% during the most recent quarter end. The investment management company now holds a total of 61,249 shares of Altria Group Inc which is valued at $3,854,400 after selling 2,540 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Altria Group Inc makes up approximately 1.49% of Jackson Wealth Management’s portfolio.

Altria Group Inc opened for trading at $62.72 and hit $63.21 on the upside on Friday, eventually ending the session at $62.93, with a gain of 0.14% or 0.09 points. The heightened volatility saw the trading volume jump to 72,25,684 shares. Company has a market cap of $123,118 M.

Other Hedge Funds, Including , Regis Management Co boosted its stake in MO in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 12,575 shares of Altria Group Inc which is valued at $791,345. Altria Group Inc makes up approx 0.17% of Regis Management Co’s portfolio.Nordea Investment Management Ab boosted its stake in MO in the latest quarter, The investment management firm added 488,819 additional shares and now holds a total of 1,091,333 shares of Altria Group Inc which is valued at $68,437,492. Altria Group Inc makes up approx 0.21% of Nordea Investment Management Ab’s portfolio. Punch Associates Investment Management sold out all of its stake in MO during the most recent quarter. The investment firm sold 1,920 shares of MO which is valued $120,403. Cohen Lawrence B added MO to its portfolio by purchasing 3,250 company shares during the most recent quarter which is valued at $196,690. Altria Group Inc makes up approx 0.13% of Cohen Lawrence B’s portfolio.Raymond James Trust N.a. boosted its stake in MO in the latest quarter, The investment management firm added 6,977 additional shares and now holds a total of 128,086 shares of Altria Group Inc which is valued at $7,751,765. Altria Group Inc makes up approx 0.68% of Raymond James Trust N.a.’s portfolio.

On the company’s financial health, Altria Group Inc reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $3923.00 million for the quarter, compared to analysts expectations of $4423.15 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 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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