Alley Co Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Alley Co reduced its stake in Altria Group Inc by 3.08% during the most recent quarter end. The investment management company now holds a total of 92,644 shares of Altria Group Inc which is valued at $6 Million after selling 2,945 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Altria Group Inc makes up approximately 2.86% of Alley Co’s portfolio.

Other Hedge Funds, Including , Stephens Inc Ar boosted its stake in MO in the latest quarter, The investment management firm added 7,376 additional shares and now holds a total of 304,486 shares of Altria Group Inc which is valued at $19.2 Million. Altria Group Inc makes up approx 0.93% of Stephens Inc Ar’s portfolio.Cibc World Markets boosted its stake in MO in the latest quarter, The investment management firm added 93,218 additional shares and now holds a total of 469,038 shares of Altria Group Inc which is valued at $29.5 Million. Altria Group Inc makes up approx 0.14% of Cibc World Markets’s portfolio.Telos Capital Management reduced its stake in MO by selling 1,908 shares or 29.03% in the most recent quarter. The Hedge Fund company now holds 4,665 shares of MO which is valued at $292,542. Altria Group Inc makes up approx 0.15% of Telos Capital Management’s portfolio.Trutina Financial reduced its stake in MO by selling 3,560 shares or 9.71% in the most recent quarter. The Hedge Fund company now holds 33,096 shares of MO which is valued at $2.1 Million. Altria Group Inc makes up approx 2.27% of Trutina Financial’s portfolio.

Altria Group Inc opened for trading at $64.3 and hit $64.93 on the upside on Monday, eventually ending the session at $64.76, with a gain of 0.28% or 0.18 points. The heightened volatility saw the trading volume jump to 48,11,028 shares. Company has a market cap of $126,698 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.

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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