Baker Boyer National Bank Exits Position in Altria Group Inc (MO)

Altria Group Inc (MO) : Baker Boyer National Bank has sold out all of its stake in Altria Group Inc during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 3,000 shares of Altria Group Inc which is valued at $185,970.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in MO by selling 169,300 shares or 17.83% in the most recent quarter. The Hedge Fund company now holds 779,986 shares of MO which is valued at $48,351,332. Altria Group Inc makes up approx 0.49% of British Columbia Investment Management Corp’s portfolio.Cutler Group Lp reduced its stake in MO by selling 1,148 shares or 76.53% in the most recent quarter. The Hedge Fund company now holds 352 shares of MO which is valued at $21,736.Canal Capital Management boosted its stake in MO in the latest quarter, The investment management firm added 467 additional shares and now holds a total of 10,141 shares of Altria Group Inc which is valued at $626,207. Altria Group Inc makes up approx 0.58% of Canal Capital Management’s portfolio.Naples Global Advisors boosted its stake in MO in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 21,988 shares of Altria Group Inc which is valued at $1,357,759. Altria Group Inc makes up approx 0.53% of Naples Global Advisors’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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