Thompson Davis buys $1,925,469 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Thompson Davis scooped up 3,720 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 30,597 shares of Altria Group Inc which is valued at $1,925,469.Altria Group Inc makes up approximately 2.89% of Thompson Davis’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 , Cadence Capital Management reduced its stake in MO by selling 35,651 shares or 15.9% in the most recent quarter. The Hedge Fund company now holds 188,608 shares of MO which is valued at $11,869,101. Altria Group Inc makes up approx 0.83% of Cadence Capital Management’s portfolio.Strategy Asset Managers reduced its stake in MO by selling 7,287 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 179,813 shares of MO which is valued at $11,276,073. Altria Group Inc makes up approx 2.54% of Strategy Asset Managers’s portfolio.Gw Henssler Associates Ltd reduced its stake in MO by selling 33,949 shares or 22.57% in the most recent quarter. The Hedge Fund company now holds 116,449 shares of MO which is valued at $7,047,493. Altria Group Inc makes up approx 0.82% of Gw Henssler Associates Ltd’s portfolio. Alta Capital Management added MO to its portfolio by purchasing 3,372 company shares during the most recent quarter which is valued at $204,073. Altria Group Inc makes up approx 0.01% of Alta Capital Management’s portfolio.Delta Capital Management reduced its stake in MO by selling 480 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 55,605 shares of MO which is valued at $3,365,215. Altria Group Inc makes up approx 2.32% of Delta Capital Management’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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