Jackson Grant Investment Advisers Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Jackson Grant Investment Advisers reduced its stake in Altria Group Inc by 8.39% during the most recent quarter end. The investment management company now holds a total of 20,955 shares of Altria Group Inc which is valued at $1,294,181 after selling 1,918 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Altria Group Inc makes up approximately 1.15% of Jackson Grant Investment Advisers’s portfolio.

Other Hedge Funds, Including , Risk Paradigm Group boosted its stake in MO in the latest quarter, The investment management firm added 269 additional shares and now holds a total of 3,769 shares of Altria Group Inc which is valued at $230,625. Altria Group Inc makes up approx 0.18% of Risk Paradigm Group’s portfolio.Artemis Investment Management Llp reduced its stake in MO by selling 1,200,839 shares or 69.75% in the most recent quarter. The Hedge Fund company now holds 520,858 shares of MO which is valued at $32,147,356. Altria Group Inc makes up approx 0.90% of Artemis Investment Management Llp’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in MO in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 99,350 shares of Altria Group Inc which is valued at $6,484,575. Altria Group Inc makes up approx 0.35% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Fulton Breakefield Broenniman reduced its stake in MO by selling 808 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 67,894 shares of MO which is valued at $4,472,857. Altria Group Inc makes up approx 0.93% of Fulton Breakefield Broenniman’s portfolio.Baxter Bros Inc boosted its stake in MO in the latest quarter, The investment management firm added 403 additional shares and now holds a total of 23,883 shares of Altria Group Inc which is valued at $1,478,597. Altria Group Inc makes up approx 0.45% of Baxter Bros Inc’s portfolio.

Altria Group Inc closed down -0.04 points or -0.06% at $62.77 with 69,04,990 shares getting traded on Monday. Post opening the session at $62.75, the shares hit an intraday low of $62.35 and an intraday high of $63.28 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 $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $5193.00 million for the quarter, compared to analysts expectations of $5110.94 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 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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