London Co Of Virginia Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : London Co Of Virginia reduced its stake in Altria Group Inc by 5.42% during the most recent quarter end. The investment management company now holds a total of 6,549,182 shares of Altria Group Inc which is valued at $422.9 Million after selling 375,615 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Altria Group Inc makes up approximately 3.49% of London Co Of Virginia’s portfolio.

Other Hedge Funds, Including , Westover Capital Advisors reduced its stake in MO by selling 120 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 8,430 shares of MO which is valued at $544,409. Altria Group Inc makes up approx 0.47% of Westover Capital Advisors’s portfolio.Advisor Partners boosted its stake in MO in the latest quarter, The investment management firm added 478 additional shares and now holds a total of 45,956 shares of Altria Group Inc which is valued at $3 Million. Altria Group Inc makes up approx 1.11% of Advisor Partners’s portfolio.Inverness Counsel Ny reduced its stake in MO by selling 300 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 7,885 shares of MO which is valued at $509,213. Altria Group Inc makes up approx 0.04% of Inverness Counsel Ny’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 $68.4 Million. Altria Group Inc makes up approx 0.21% of Nordea Investment Management Ab’s portfolio.Dowling Yahnke boosted its stake in MO in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 8,782 shares of Altria Group Inc which is valued at $550,719. Altria Group Inc makes up approx 0.07% of Dowling Yahnke’s portfolio.

Altria Group Inc opened for trading at $63.79 and hit $64.15 on the upside on Wednesday, eventually ending the session at $63.92, with a gain of 0.20% or 0.13 points. The heightened volatility saw the trading volume jump to 42,65,913 shares. Company has a market cap of $125,055 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.

Investors should note that on May 19, 2016, Altria Group Inc announced a cash dividend of $0.5650. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 11, 2016.

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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