Altria Group Inc (MO) : Wright Investors Service Inc scooped up 10,887 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 52,152 shares of Altria Group Inc which is valued at $3,270,452.Altria Group Inc makes up approximately 1.30% of Wright Investors Service Inc’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 , Cape Cod Five Cents Savings Bank boosted its stake in MO in the latest quarter, The investment management firm added 1,989 additional shares and now holds a total of 16,313 shares of Altria Group Inc which is valued at $1,022,988. Altria Group Inc makes up approx 0.19% of Cape Cod Five Cents Savings Bank’s portfolio. Strs Ohio sold out all of its stake in MO during the most recent quarter. The investment firm sold 1,217,840 shares of MO which is valued $73,703,677.Capital One National Association reduced its stake in MO by selling 532 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 71,594 shares of MO which is valued at $4,332,869. Altria Group Inc makes up approx 0.39% of Capital One National Association’s portfolio.North American Management Corp reduced its stake in MO by selling 4,933 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 59,174 shares of MO which is valued at $3,649,852. Altria Group Inc makes up approx 0.59% of North American Management Corp’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.