Huntington Asset Advisors buys $4.8 Million stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Huntington Asset Advisors scooped up 72,942 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 74,300 shares of Altria Group Inc which is valued at $4.8 Million.Altria Group Inc makes up approximately 3.15% of Huntington Asset Advisors’s portfolio.

Other Hedge Funds, Including , Artemis Investment Management Llp reduced its stake in MO by selling 193,794 shares or 21.53% in the most recent quarter. The Hedge Fund company now holds 706,511 shares of MO which is valued at $45.6 Million. Altria Group Inc makes up approx 1.14% of Artemis Investment Management Llp’s portfolio.Finemark National Bank Trust boosted its stake in MO in the latest quarter, The investment management firm added 2,657 additional shares and now holds a total of 63,747 shares of Altria Group Inc which is valued at $4.1 Million. Altria Group Inc makes up approx 0.49% of Finemark National Bank Trust’s portfolio.Formidable Asset Management reduced its stake in MO by selling 47 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 10,956 shares of MO which is valued at $707,538. Altria Group Inc makes up approx 0.51% of Formidable Asset Management’s portfolio.Cim Investment Mangement Inc reduced its stake in MO by selling 1,921 shares or 8.27% in the most recent quarter. The Hedge Fund company now holds 21,304 shares of MO which is valued at $1.3 Million. Altria Group Inc makes up approx 0.59% of Cim Investment Mangement Inc’s portfolio.Sandy Spring Bank boosted its stake in MO in the latest quarter, The investment management firm added 1,979 additional shares and now holds a total of 11,992 shares of Altria Group Inc which is valued at $754,657. Altria Group Inc makes up approx 0.09% of Sandy Spring Bank’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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