Gateway Advisory buys $1,029,147 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Gateway Advisory scooped up 8,225 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 10, 2016. The investment management firm now holds a total of 15,936 shares of Altria Group Inc which is valued at $1,029,147.Altria Group Inc makes up approximately 0.48% of Gateway Advisory’s portfolio.

Other Hedge Funds, Including , Blue Chip Partners reduced its stake in MO by selling 244 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 57,481 shares of MO which is valued at $3,712,123. Altria Group Inc makes up approx 1.81% of Blue Chip Partners’s portfolio.Allegis Investment Advisors reduced its stake in MO by selling 1,449 shares or 6.26% in the most recent quarter. The Hedge Fund company now holds 21,710 shares of MO which is valued at $1,402,032. Altria Group Inc makes up approx 0.81% of Allegis Investment Advisors’s portfolio.Diam Ltd. boosted its stake in MO in the latest quarter, The investment management firm added 42,001 additional shares and now holds a total of 416,528 shares of Altria Group Inc which is valued at $26,212,107. Altria Group Inc makes up approx 0.38% of Diam Ltd.’s portfolio.Burney Co reduced its stake in MO by selling 760 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 17,229 shares of MO which is valued at $1,084,221. Altria Group Inc makes up approx 0.08% of Burney Co’s portfolio.American Century Companies Inc boosted its stake in MO in the latest quarter, The investment management firm added 68,455 additional shares and now holds a total of 277,231 shares of Altria Group Inc which is valued at $17,446,147. Altria Group Inc makes up approx 0.02% of American Century Companies Inc’s portfolio.

Altria Group Inc opened for trading at $64.3 and hit $64.93 on the upside on Monday, eventually ending the session at $64.76, with a gain of 0.28% or 0.18 points. The heightened volatility saw the trading volume jump to 48,11,028 shares. Company has a market cap of $126,698 M.

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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