Brighton Jones Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Brighton Jones reduced its stake in Altria Group Inc by 5.11% during the most recent quarter end. The investment management company now holds a total of 14,198 shares of Altria Group Inc which is valued at $942,321 after selling 765 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Altria Group Inc makes up approximately 0.16% of Brighton Jones’s portfolio.

Other Hedge Funds, Including , Keating Investment Counselors Inc reduced its stake in MO by selling 7,000 shares or 22.66% in the most recent quarter. The Hedge Fund company now holds 23,890 shares of MO which is valued at $1,585,579. Altria Group Inc makes up approx 0.78% of Keating Investment Counselors Inc’s portfolio.Putnam Fl Investment Management Co reduced its stake in MO by selling 70 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 4,187 shares of MO which is valued at $277,891. Altria Group Inc makes up approx 0.03% of Putnam Fl Investment Management Co’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in MO by selling 61,345 shares or 8.38% in the most recent quarter. The Hedge Fund company now holds 670,966 shares of MO which is valued at $45,424,398. Altria Group Inc makes up approx 1.33% of Sumitomo Mitsui Asset Management Company Ltd’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.Calamos Advisors boosted its stake in MO in the latest quarter, The investment management firm added 108 additional shares and now holds a total of 287,192 shares of Altria Group Inc which is valued at $19,170,066. Altria Group Inc makes up approx 0.17% of Calamos Advisors’s portfolio.

Altria Group Inc closed down -0.04 points or -0.06% at $66.49 with 49,47,264 shares getting traded on Monday. Post opening the session at $66.32, the shares hit an intraday low of $65.7 and an intraday high of $66.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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