Cypress Wealth Advisors Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Cypress Wealth Advisors reduced its stake in Altria Group Inc by 8.75% during the most recent quarter end. The investment management company now holds a total of 36,061 shares of Altria Group Inc which is valued at $2.3 Million after selling 3,456 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Altria Group Inc makes up approximately 0.83% of Cypress Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors boosted its stake in MO in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 6,344 shares of Altria Group Inc which is valued at $409,696. Altria Group Inc makes up approx 0.18% of Ropes Wealth Advisors’s portfolio.Institutional Family Asset Management reduced its stake in MO by selling 106 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 61,666 shares of MO which is valued at $4 Million. Altria Group Inc makes up approx 1.45% of Institutional Family Asset Management’s portfolio.Gabelli Funds reduced its stake in MO by selling 1,000 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 47,000 shares of MO which is valued at $3 Million. Altria Group Inc makes up approx 0.02% of Gabelli Funds’s portfolio.Oxbow Advisors reduced its stake in MO by selling 450 shares or 11.02% in the most recent quarter. The Hedge Fund company now holds 3,634 shares of MO which is valued at $228,688. Altria Group Inc makes up approx 0.03% of Oxbow Advisors’s portfolio.

Altria Group Inc closed down -0.39 points or -0.62% at $62.96 with 48,15,445 shares getting traded on Friday. Post opening the session at $63.59, the shares hit an intraday low of $62.76 and an intraday high of $63.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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