Atria Investments buys $1,771,922 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Atria Investments scooped up 13,414 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 12, 2016. The investment management firm now holds a total of 28,584 shares of Altria Group Inc which is valued at $1,771,922.Altria Group Inc makes up approximately 0.17% of Atria Investments’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in MO in the latest quarter, The investment management firm added 68,507 additional shares and now holds a total of 476,557 shares of Altria Group Inc which is valued at $29,427,395. Altria Group Inc makes up approx 0.64% of Oregon Public Employees Retirement Fund’s portfolio.Stokes Hubbell Capital Management boosted its stake in MO in the latest quarter, The investment management firm added 610 additional shares and now holds a total of 22,077 shares of Altria Group Inc which is valued at $1,367,008. Altria Group Inc makes up approx 0.57% of Stokes Hubbell Capital Management’s portfolio.First American Trust Fsb reduced its stake in MO by selling 434 shares or 8.66% in the most recent quarter. The Hedge Fund company now holds 4,580 shares of MO which is valued at $280,388. Altria Group Inc makes up approx 0.09% of First American Trust Fsb’s portfolio.Washington Trust Bank boosted its stake in MO in the latest quarter, The investment management firm added 5,642 additional shares and now holds a total of 21,438 shares of Altria Group Inc which is valued at $1,312,434. Altria Group Inc makes up approx 0.32% of Washington Trust Bank’s portfolio.

Altria Group Inc opened for trading at $62.52 and hit $62.55 on the upside on Tuesday, eventually ending the session at $61.99, with a gain of 0.39% or 0.24 points. The heightened volatility saw the trading volume jump to 72,60,995 shares. Company has a market cap of $121,119 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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