Altria Group Inc (MO) : Cordasco Financial Network reduced its stake in Altria Group Inc by 9.26% during the most recent quarter end. The investment management company now holds a total of 37,315 shares of Altria Group Inc which is valued at $2,340,024 after selling 3,806 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Altria Group Inc makes up approximately 2.60% of Cordasco Financial Network’s portfolio.
Altria Group Inc opened for trading at $62.83 and hit $63.42 on the upside on Monday, eventually ending the session at $63.12, with a gain of 0.65% or 0.41 points. The heightened volatility saw the trading volume jump to 47,40,244 shares. Company has a market cap of $123,490 M.
Other Hedge Funds, Including , Grimes Company reduced its stake in MO by selling 2,546 shares or 39.21% in the most recent quarter. The Hedge Fund company now holds 3,948 shares of MO which is valued at $247,579. Altria Group Inc makes up approx 0.03% of Grimes Company’s portfolio.Blb&b Advisors reduced its stake in MO by selling 150 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 15,454 shares of MO which is valued at $935,276. Altria Group Inc makes up approx 0.18% of Blb&b Advisors’s portfolio.Eastern Bank reduced its stake in MO by selling 380 shares or 5.71% in the most recent quarter. The Hedge Fund company now holds 6,270 shares of MO which is valued at $386,734. Altria Group Inc makes up approx 0.03% of Eastern Bank’s portfolio.
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.