Altria Group Inc (MO) : Grassi Investment Management reduced its stake in Altria Group Inc by 2.28% during the most recent quarter end. The investment management company now holds a total of 129,805 shares of Altria Group Inc which is valued at $8,966,929 after selling 3,033 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Altria Group Inc makes up approximately 1.66% of Grassi Investment Management’s portfolio.
Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in MO by selling 1,485 shares or 10.54% in the most recent quarter. The Hedge Fund company now holds 12,603 shares of MO which is valued at $870,615. Altria Group Inc makes up approx 0.25% of Central Bank Trust Co’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in MO in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 30,921 shares of Altria Group Inc which is valued at $2,136,023. Altria Group Inc makes up approx 0.05% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Benjamin F. Edwards Company boosted its stake in MO in the latest quarter, The investment management firm added 559 additional shares and now holds a total of 11,290 shares of Altria Group Inc which is valued at $779,913. Altria Group Inc makes up approx 0.15% of Benjamin F. Edwards Company’s portfolio.Private Asset Management Inc reduced its stake in MO by selling 498 shares or 8.8% in the most recent quarter. The Hedge Fund company now holds 5,163 shares of MO which is valued at $360,532. Altria Group Inc makes up approx 0.06% of Private Asset Management Inc’s portfolio.
Altria Group Inc opened for trading at $69.17 and hit $69.48 on the upside on Friday, eventually ending the session at $69.41, with a gain of 0.71% or 0.49 points. The heightened volatility saw the trading volume jump to 57,14,120 shares. Company has a market cap of $135,795 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. Company shares were Reiterated by Stifel on Jun 27, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Berenberg Initiated Altria Group Inc on Jun 14, 2016 to “Buy”, Price Target of the shares are set at $74.
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.