Verus Financial Partners buys $4,893,575 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Verus Financial Partners scooped up 8,502 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 78,035 shares of Altria Group Inc which is valued at $4,893,575.Altria Group Inc makes up approximately 2.25% of Verus Financial Partners’s portfolio.

Altria Group Inc opened for trading at $62.83 and hit $63.42 on the upside on Monday, eventually ending the session at $63.12, with a gain of 0.65% or 0.41 points. The heightened volatility saw the trading volume jump to 47,40,244 shares. Company has a market cap of $123,490 M.

Other Hedge Funds, Including , Kanawha Capital Management reduced its stake in MO by selling 1,205 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 43,147 shares of MO which is valued at $2,705,748. Altria Group Inc makes up approx 0.46% of Kanawha Capital Management’s portfolio.Highstreet Asset Management reduced its stake in MO by selling 25,329 shares or 64.53% in the most recent quarter. The Hedge Fund company now holds 13,922 shares of MO which is valued at $842,559. Altria Group Inc makes up approx 0.30% of Highstreet Asset Management’s portfolio. Clean Yield Group added MO to its portfolio by purchasing 1,264 company shares during the most recent quarter which is valued at $77,964. Altria Group Inc makes up approx 0.03% of Clean Yield Group’s portfolio.Howland Capital Management reduced its stake in MO by selling 309 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 7,047 shares of MO which is valued at $434,659. Altria Group Inc makes up approx 0.04% of Howland Capital Management’s portfolio.

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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