Mechanics Bank Trust Department Lowers stake in ALTRIA GROUP INC COM (MO)

ALTRIA GROUP INC COM (MO) : Mechanics Bank Trust Department reduced its stake in ALTRIA GROUP INC COM by 3.0% during the most recent quarter end. The investment management company now holds a total of 162,267 shares of ALTRIA GROUP INC COM which is valued at $9,820,399 after selling 5,010 shares in ALTRIA GROUP INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.ALTRIA GROUP INC COM makes up approximately 3.77% of Mechanics Bank Trust Department’s portfolio.

ALTRIA GROUP INC COM opened for trading at $61.44 and hit $61.98 on the upside on Wednesday, eventually ending the session at $61.55, with a gain of 0.33% or 0.2 points. The heightened volatility saw the trading volume jump to 61,89,360 shares. Company has a market cap of $120,511 M.

Other Hedge Funds, Including , Legacy Private Trust boosted its stake in MO in the latest quarter, The investment management firm added 6,989 additional shares and now holds a total of 70,264 shares of ALTRIA GROUP INC COM which is valued at $4,252,377. ALTRIA GROUP INC COM makes up approx 0.64% of Legacy Private Trust’s portfolio.New England Investment Retirement Group reduced its stake in MO by selling 3,855 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 42,185 shares of MO which is valued at $2,601,971. ALTRIA GROUP INC COM makes up approx 1.42% of New England Investment Retirement Group’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in MO by selling 1,711 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 456,113 shares of MO which is valued at $28,133,050. ALTRIA GROUP INC COM makes up approx 0.64% of Oregon Public Employees Retirement Fund’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MO in the latest quarter, The investment management firm added 57,377 additional shares and now holds a total of 445,228 shares of ALTRIA GROUP INC COM which is valued at $27,461,663. ALTRIA GROUP INC COM makes up approx 0.63% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Chevy Chase Trust Holdings boosted its stake in MO in the latest quarter, The investment management firm added 40,002 additional shares and now holds a total of 1,670,144 shares of ALTRIA GROUP INC COM which is valued at $105,736,817. ALTRIA GROUP INC COM makes up approx 0.61% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, ALTRIA GROUP INC COM 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 COM. ALTRIA GROUP INC COM 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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