Altria Group Inc (MO) : Beacon Financial Group scooped up 294 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 3, 2016. The investment management firm now holds a total of 133,247 shares of Altria Group Inc which is valued at $8,157,381.Altria Group Inc makes up approximately 1.72% of Beacon Financial Group’s portfolio.
Other Hedge Funds, Including , Cullinan Associates Inc reduced its stake in MO by selling 5,200 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 89,600 shares of MO which is valued at $5,485,312. Altria Group Inc makes up approx 0.47% of Cullinan Associates Inc’s portfolio.
Altria Group Inc closed down -1.07 points or -1.70% at $61.78 with 78,66,093 shares getting traded on Tuesday. Post opening the session at $62.7, the shares hit an intraday low of $61.51 and an intraday high of $62.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.