Altria Group Inc (MO) : National Planning Corp reduced its stake in Altria Group Inc by 0.64% during the most recent quarter end. The investment management company now holds a total of 108,523 shares of Altria Group Inc which is valued at $7,215,694 after selling 703 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Altria Group Inc makes up approximately 0.55% of National Planning Corp’s portfolio.
Other Hedge Funds, Including , Financial Counselors Inc boosted its stake in MO in the latest quarter, The investment management firm added 2,513 additional shares and now holds a total of 34,424 shares of Altria Group Inc which is valued at $2,297,458. Altria Group Inc makes up approx 0.13% of Financial Counselors Inc’s portfolio.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.True Private Wealth Advisors boosted its stake in MO in the latest quarter, The investment management firm added 199 additional shares and now holds a total of 11,123 shares of Altria Group Inc which is valued at $738,234. Altria Group Inc makes up approx 0.24% of True Private Wealth Advisors’s portfolio.Albert D Mason Inc reduced its stake in MO by selling 2,776 shares or 15.86% in the most recent quarter. The Hedge Fund company now holds 14,725 shares of MO which is valued at $1,016,172. Altria Group Inc makes up approx 0.62% of Albert D Mason Inc’s portfolio.
Altria Group Inc opened for trading at $66.42 and hit $66.68 on the upside on Wednesday, eventually ending the session at $66.46, with a gain of 0.30% or 0.2 points. The heightened volatility saw the trading volume jump to 47,36,672 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.