Advisory Services Network buys $2,784,914 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Advisory Services Network scooped up 1,883 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 44,976 shares of Altria Group Inc which is valued at $2,784,914.Altria Group Inc makes up approximately 0.53% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in MO by selling 260 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 12,343 shares of MO which is valued at $764,279. Altria Group Inc makes up approx 0.22% of Central Bank Trust Co’s portfolio.Independence Advisors boosted its stake in MO in the latest quarter, The investment management firm added 2,546 additional shares and now holds a total of 7,327 shares of Altria Group Inc which is valued at $453,688. Altria Group Inc makes up approx 0.22% of Independence Advisors’s portfolio.Telemus Capital reduced its stake in MO by selling 1,941 shares or 13.51% in the most recent quarter. The Hedge Fund company now holds 12,423 shares of MO which is valued at $760,536. Altria Group Inc makes up approx 0.08% of Telemus Capital’s portfolio.Summit Financial Wealth Advisors reduced its stake in MO by selling 199 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 12,546 shares of MO which is valued at $768,066. Altria Group Inc makes up approx 0.34% of Summit Financial Wealth Advisors’s portfolio.Eqis Capital Management boosted its stake in MO in the latest quarter, The investment management firm added 5,684 additional shares and now holds a total of 13,799 shares of Altria Group Inc which is valued at $844,775. Altria Group Inc makes up approx 0.05% of Eqis Capital Management’s portfolio.

Altria Group Inc opened for trading at $62.08 and hit $62.33 on the upside on Friday, eventually ending the session at $61.92, with a gain of 0.23% or 0.14 points. The heightened volatility saw the trading volume jump to 63,15,259 shares. Company has a market cap of $120,983 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. Jefferies Initiated Altria Group Inc on Sep 21, 2016 to “Hold”, Price Target of the shares are set at $70.Citigroup Initiated Altria Group Inc on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $72.

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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