Verus Financial Partners Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Verus Financial Partners reduced its stake in Altria Group Inc by 0.2% during the most recent quarter end. The investment management company now holds a total of 76,328 shares of Altria Group Inc which is valued at $4,785,002 after selling 152 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Altria Group Inc makes up approximately 2.16% of Verus Financial Partners’s portfolio.

Other Hedge Funds, Including , At Bancorp reduced its stake in MO by selling 11 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 10,462 shares of MO which is valued at $655,863. Altria Group Inc makes up approx 0.09% of At Bancorp’s portfolio.Centurylink Investment Management Co boosted its stake in MO in the latest quarter, The investment management firm added 21,297 additional shares and now holds a total of 39,973 shares of Altria Group Inc which is valued at $2,477,926. Altria Group Inc makes up approx 0.85% of Centurylink Investment Management Co’s portfolio.Lynch Associatesin boosted its stake in MO in the latest quarter, The investment management firm added 852 additional shares and now holds a total of 28,603 shares of Altria Group Inc which is valued at $1,751,076. Altria Group Inc makes up approx 0.77% of Lynch Associatesin’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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