Pinnacle Wealth Management Advisory Group buys $1.1 Million stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Pinnacle Wealth Management Advisory Group scooped up 1,168 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 12, 2016. The investment management firm now holds a total of 17,171 shares of Altria Group Inc which is valued at $1.1 Million.Altria Group Inc makes up approximately 0.99% of Pinnacle Wealth Management Advisory Group’s portfolio.

Other Hedge Funds, Including , Vestor Capital reduced its stake in MO by selling 1,198 shares or 38.66% in the most recent quarter. The Hedge Fund company now holds 1,901 shares of MO which is valued at $122,767. Altria Group Inc makes up approx 0.04% of Vestor Capital’s portfolio.Holderness Investments Co reduced its stake in MO by selling 500 shares or 12.35% in the most recent quarter. The Hedge Fund company now holds 3,549 shares of MO which is valued at $229,194. Altria Group Inc makes up approx 0.22% of Holderness Investments Co’s portfolio.Manufacturers Life Insurance Company The reduced its stake in MO by selling 134,117 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 3,030,786 shares of MO which is valued at $195.7 Million. Altria Group Inc makes up approx 0.31% of Manufacturers Life Insurance Company The’s portfolio.Copeland Capital Management reduced its stake in MO by selling 9,078 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 258,589 shares of MO which is valued at $16.7 Million. Altria Group Inc makes up approx 1.18% of Copeland Capital Management’s portfolio.Sabal Trust Co reduced its stake in MO by selling 2,425 shares or 27.19% in the most recent quarter. The Hedge Fund company now holds 6,495 shares of MO which is valued at $408,730. Altria Group Inc makes up approx 0.05% of Sabal Trust Co’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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