Altria Group Inc (MO) : Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in Altria Group Inc by 1.89% during the most recent quarter end. The investment management company now holds a total of 36,421 shares of Altria Group Inc which is valued at $2,246,447 after selling 700 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Altria Group Inc makes up approximately 1.85% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.
Altria Group Inc opened for trading at $61.63 and hit $62.419 on the upside on Monday, eventually ending the session at $62.17, with a gain of 0.79% or 0.49 points. The heightened volatility saw the trading volume jump to 43,43,983 shares. Company has a market cap of $121,725 M.
Other Hedge Funds, Including , Banced Corp reduced its stake in MO by selling 523 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 20,683 shares of MO which is valued at $1,275,727. Altria Group Inc makes up approx 2.21% of Banced Corp’s portfolio. Sunnymeath Asset Management added MO to its portfolio by purchasing 1,440 company shares during the most recent quarter which is valued at $91,166. Altria Group Inc makes up approx 0.14% of Sunnymeath Asset Management’s portfolio.Private Asset Management Inc reduced its stake in MO by selling 470 shares or 7.67% in the most recent quarter. The Hedge Fund company now holds 5,661 shares of MO which is valued at $358,398. Altria Group Inc makes up approx 0.07% of Private Asset Management Inc’s portfolio.
On the company’s financial health, Altria Group Inc reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $4729.00 million for the quarter, compared to analysts expectations of $4764.32 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 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.