Blue Edge Capital adds Altria Group Inc (MO) to its portfolio

Altria Group Inc (MO) : Blue Edge Capital added new position in Altria Group Inc during the most recent quarter end. The investment management firm now holds 3,077 shares of Altria Group Inc which is valued at $205,359 , the company said in a statement filed on Aug 11, 2016 with the SEC.Altria Group Inc makes up approximately 0.11% of Blue Edge Capital’s portfolio.

Other Hedge Funds, Including , Analytic Investors boosted its stake in MO in the latest quarter, The investment management firm added 148,997 additional shares and now holds a total of 2,628,730 shares of Altria Group Inc which is valued at $175,441,440. Altria Group Inc makes up approx 2.04% of Analytic Investors’s portfolio.Cetera Advisor Networks reduced its stake in MO by selling 11,419 shares or 10.92% in the most recent quarter. The Hedge Fund company now holds 93,143 shares of MO which is valued at $6,216,364. Altria Group Inc makes up approx 0.35% of Cetera Advisor Networks’s portfolio.Partnervest Advisory Services boosted its stake in MO in the latest quarter, The investment management firm added 411 additional shares and now holds a total of 10,312 shares of Altria Group Inc which is valued at $686,057. Altria Group Inc makes up approx 0.33% of Partnervest Advisory Services’s portfolio.Standard Life Investments Ltd boosted its stake in MO in the latest quarter, The investment management firm added 192,607 additional shares and now holds a total of 2,442,975 shares of Altria Group Inc which is valued at $163,068,581. Altria Group Inc makes up approx 0.71% of Standard Life Investments Ltd’s portfolio.

Altria Group Inc opened for trading at $66.58 and hit $66.71 on the upside on Tuesday, eventually ending the session at $66.46, with a gain of 0.18% or 0.12 points. The heightened volatility saw the trading volume jump to 30,72,812 shares. Company has a market cap of $129,853 M.

On the company’s financial health, Altria Group Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.80. The company had revenue of $6521.00 million for the quarter, compared to analysts expectations of $5013.61 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 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.

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