Altria Group Inc (MO) : Mizuho Trust Banking Ltd. scooped up 30,346 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 3,170,709 shares of Altria Group Inc which is valued at $210,439,956.Altria Group Inc makes up approximately 0.63% of Mizuho Trust Banking Ltd.’s portfolio.
Other Hedge Funds, Including , Nippon Life Insurance Co reduced its stake in MO by selling 3,258 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 75,097 shares of MO which is valued at $4,984,188. Altria Group Inc makes up approx 0.12% of Nippon Life Insurance Co’s portfolio.Trimtabs Asset Management reduced its stake in MO by selling 6,681 shares or 20.13% in the most recent quarter. The Hedge Fund company now holds 26,513 shares of MO which is valued at $1,759,668. Altria Group Inc makes up approx 1.10% of Trimtabs Asset Management’s portfolio. Badgley Phelps Bell Inc added MO to its portfolio by purchasing 3,197 company shares during the most recent quarter which is valued at $212,185. Altria Group Inc makes up approx 0.02% of Badgley Phelps Bell Inc’s portfolio.Bank Of Hawaii reduced its stake in MO by selling 19,093 shares or 11.05% in the most recent quarter. The Hedge Fund company now holds 153,718 shares of MO which is valued at $10,202,264. Altria Group Inc makes up approx 1.08% of Bank Of Hawaii’s portfolio. Simplex Trading sold out all of its stake in MO during the most recent quarter. The investment firm sold 7,673 shares of MO which is valued $529,514.
Altria Group Inc closed down -0.04 points or -0.06% at $66.49 with 49,47,264 shares getting traded on Monday. Post opening the session at $66.32, the shares hit an intraday low of $65.7 and an intraday high of $66.65 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 $0.81 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.