Eagle Asset Management Inc buys $110,689,158 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Eagle Asset Management Inc scooped up 99,643 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 12, 2016. The investment management firm now holds a total of 1,785,597 shares of Altria Group Inc which is valued at $110,689,158.Altria Group Inc makes up approximately 0.76% of Eagle Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Grassi Investment Management reduced its stake in MO by selling 1,759 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 128,046 shares of MO which is valued at $7,937,572. Altria Group Inc makes up approx 1.53% of Grassi Investment Management’s portfolio.Fisher Asset Management reduced its stake in MO by selling 3,202 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 76,162 shares of MO which is valued at $4,703,004. Altria Group Inc makes up approx 0.01% of Fisher Asset Management’s portfolio.First Mercantile Trust Co reduced its stake in MO by selling 6,682 shares or 33.7% in the most recent quarter. The Hedge Fund company now holds 13,148 shares of MO which is valued at $814,124. Altria Group Inc makes up approx 0.11% of First Mercantile Trust Co’s portfolio.Indiana Trust Investment Management Co reduced its stake in MO by selling 75 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 7,740 shares of MO which is valued at $473,843. Altria Group Inc makes up approx 0.25% of Indiana Trust Investment Management Co’s portfolio.Ct Mason reduced its stake in MO by selling 29,944 shares or 43.97% in the most recent quarter. The Hedge Fund company now holds 38,159 shares of MO which is valued at $2,336,094. Altria Group Inc makes up approx 1.03% of Ct Mason’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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