Teacher Retirement System Of Texas buys $167.1 Million stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Teacher Retirement System Of Texas scooped up 190,542 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 2,586,779 shares of Altria Group Inc which is valued at $167.1 Million.Altria Group Inc makes up approximately 1.14% of Teacher Retirement System Of Texas’s portfolio.

Other Hedge Funds, Including , Coconut Grove Bank boosted its stake in MO in the latest quarter, The investment management firm added 436 additional shares and now holds a total of 28,795 shares of Altria Group Inc which is valued at $1.9 Million. Altria Group Inc makes up approx 1.69% of Coconut Grove Bank’s portfolio.Barrow Hanley Mewhinney Strauss reduced its stake in MO by selling 2,245,049 shares or 10.1% in the most recent quarter. The Hedge Fund company now holds 19,975,752 shares of MO which is valued at $1,290 Million. Altria Group Inc makes up approx 1.96% of Barrow Hanley Mewhinney Strauss’s portfolio.Mutual Of Omaha Bank Wealth Management reduced its stake in MO by selling 2,756 shares or 7.84% in the most recent quarter. The Hedge Fund company now holds 32,393 shares of MO which is valued at $2 Million. Altria Group Inc makes up approx 0.73% of Mutual Of Omaha Bank Wealth Management’s portfolio.Court Place Advisors boosted its stake in MO in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 5,295 shares of Altria Group Inc which is valued at $333,214. Altria Group Inc makes up approx 0.21% of Court Place Advisors’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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