Raymond James Associates buys $220.1 Million stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Raymond James Associates scooped up 227,754 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 12, 2016. The investment management firm now holds a total of 3,408,897 shares of Altria Group Inc which is valued at $220.1 Million.Altria Group Inc makes up approximately 0.75% of Raymond James Associates’s portfolio.

Other Hedge Funds, Including , Signaturefd boosted its stake in MO in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 11,103 shares of Altria Group Inc which is valued at $717,032. Altria Group Inc makes up approx 0.12% of Signaturefd’s portfolio. Autus Asset Management sold out all of its stake in MO during the most recent quarter. The investment firm sold 3,568 shares of MO which is valued $230,421. Barometer Capital Management added MO to its portfolio by purchasing 299,700 company shares during the most recent quarter which is valued at $19.4 Million. Altria Group Inc makes up approx 1.83% of Barometer Capital Management’s portfolio.Thompson Davis boosted its stake in MO in the latest quarter, The investment management firm added 3,720 additional shares and now holds a total of 30,597 shares of Altria Group Inc which is valued at $1.9 Million. Altria Group Inc makes up approx 2.89% of Thompson Davis’s portfolio.Rhumbline Advisers boosted its stake in MO in the latest quarter, The investment management firm added 153,688 additional shares and now holds a total of 2,495,872 shares of Altria Group Inc which is valued at $157.1 Million. Altria Group Inc makes up approx 0.49% of Rhumbline Advisers’s portfolio.

Altria Group Inc closed down -0.39 points or -0.62% at $62.96 with 48,15,445 shares getting traded on Friday. Post opening the session at $63.59, the shares hit an intraday low of $62.76 and an intraday high of $63.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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