Altria Group (NYSE:MO) has tumbled 1.1% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.88% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.08% and the outperformance has advanced to 2.93% for the last 4 weeks period.
Altria Group (NYSE:MO): The stock opened at $65.85 on Friday but the bulls could not build on the opening and the stock topped out at $65.93 for the day. The stock traded down to $64.94 during the day, due to lack of any buying support eventually closed down at $65.40 with a loss of -0.83% for the day. The stock had closed at $65.95 on the previous day. The total traded volume was 7,311,746 shares.
The company shares have rallied 31.35% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $66.19 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $64.28 and the 200 Day Moving Average price is recorded at $61.29.
On the companys insider trading activities, The director, of Altria Group, Inc., Munoz George had unloaded 12,571 shares at $62.85 per share in a transaction on May 20, 2016. The total value of transaction was $790,087. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Berenberg initiates coverage on Altria Group (NYSE:MO). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.15% of Altria Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.88% . Institutional Investors own 63.27% of Altria Group shares. During last six month period, the net percent change held by insiders has seen a change of -8.88%.
Altria Group, Inc. is a holding company. The Companys 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.