Altria Group Inc (MO) : Krilogy Financial reduced its stake in Altria Group Inc by 1.11% during the most recent quarter end. The investment management company now holds a total of 12,193 shares of Altria Group Inc which is valued at $787,424 after selling 137 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Altria Group Inc makes up approximately 0.33% of Krilogy Financial’s portfolio.
Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in MO during the most recent quarter. The investment firm sold 190,580 shares of MO which is valued $12.3 Million.First Trust Advisors Lp boosted its stake in MO in the latest quarter, The investment management firm added 61,987 additional shares and now holds a total of 2,300,580 shares of Altria Group Inc which is valued at $148.6 Million. Altria Group Inc makes up approx 0.48% of First Trust Advisors Lp’s portfolio.Todd Asset Management reduced its stake in MO by selling 122,407 shares or 17.57% in the most recent quarter. The Hedge Fund company now holds 574,118 shares of MO which is valued at $37.1 Million. Altria Group Inc makes up approx 1.15% of Todd Asset Management’s portfolio.North Star Asset Management Inc reduced its stake in MO by selling 1,685 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 61,021 shares of MO which is valued at $3.8 Million. Altria Group Inc makes up approx 0.46% of North Star Asset Management Inc’s portfolio.Confluence Wealth Management boosted its stake in MO in the latest quarter, The investment management firm added 297 additional shares and now holds a total of 4,177 shares of Altria Group Inc which is valued at $261,940. Altria Group Inc makes up approx 0.12% of Confluence Wealth Management’s portfolio.
Altria Group Inc opened for trading at $63.79 and hit $64.15 on the upside on Wednesday, eventually ending the session at $63.92, with a gain of 0.20% or 0.13 points. The heightened volatility saw the trading volume jump to 42,65,913 shares. Company has a market cap of $125,055 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.
Investors should note that on May 19, 2016, Altria Group Inc announced a cash dividend of $0.5650. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 11, 2016.
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.