Beese Fulmer Investment Management buys $1,901,301 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Beese Fulmer Investment Management scooped up 63 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 1, 2016. The investment management firm now holds a total of 28,647 shares of Altria Group Inc which is valued at $1,901,301.Altria Group Inc makes up approximately 0.53% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Lourd Capital boosted its stake in MO in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 4,478 shares of Altria Group Inc which is valued at $297,205. Altria Group Inc makes up approx 0.08% of Lourd Capital’s portfolio.Essex Financial Services reduced its stake in MO by selling 7,428 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 85,219 shares of MO which is valued at $5,769,326. Altria Group Inc makes up approx 1.36% of Essex Financial Services’s portfolio.Greenleaf Trust reduced its stake in MO by selling 3,643 shares or 15.7% in the most recent quarter. The Hedge Fund company now holds 19,566 shares of MO which is valued at $1,324,618. Altria Group Inc makes up approx 0.03% of Greenleaf Trust’s portfolio.Bath Savings Trust Co reduced its stake in MO by selling 180 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 13,849 shares of MO which is valued at $953,642. Altria Group Inc makes up approx 0.29% of Bath Savings Trust Co’s portfolio.Mai Capital Management reduced its stake in MO by selling 2,559 shares or 14.88% in the most recent quarter. The Hedge Fund company now holds 14,638 shares of MO which is valued at $1,012,510. Altria Group Inc makes up approx 0.08% of Mai Capital Management’s portfolio.

Altria Group Inc opened for trading at $66.55 and hit $66.97 on the upside on Thursday, eventually ending the session at $66.62, with a gain of 0.38% or 0.25 points. The heightened volatility saw the trading volume jump to 35,12,780 shares. Company has a market cap of $130,166 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. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Altria Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Altria Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.