Exane Derivatives adds Altria Group Inc (MO) to its portfolio

Altria Group Inc (MO) : Exane Derivatives added new position in Altria Group Inc during the most recent quarter end. The investment management firm now holds 126,871 shares of Altria Group Inc which is valued at $8,420,428 , the company said in a statement filed on Aug 3, 2016 with the SEC.Altria Group Inc makes up approximately 1.38% of Exane Derivatives’s portfolio.

Other Hedge Funds, Including , Ballentine Partners reduced its stake in MO by selling 32 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 11,870 shares of MO which is valued at $787,812. Altria Group Inc makes up approx 0.06% of Ballentine Partners’s portfolio. Schaper Benz Wise Investment Counsel Incwi sold out all of its stake in MO during the most recent quarter. The investment firm sold 3,414 shares of MO which is valued $226,587.Cornerstone Advisors reduced its stake in MO by selling 1,473 shares or 14.92% in the most recent quarter. The Hedge Fund company now holds 8,398 shares of MO which is valued at $560,567. Altria Group Inc makes up approx 0.55% of Cornerstone Advisors’s portfolio.Pure Financial Advisors reduced its stake in MO by selling 275 shares or 8.07% in the most recent quarter. The Hedge Fund company now holds 3,131 shares of MO which is valued at $216,289. Altria Group Inc makes up approx 0.07% of Pure Financial Advisors’s portfolio. Bank Of Stockton sold out all of its stake in MO during the most recent quarter. The investment firm sold 4,331 shares of MO which is valued $302,434.

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.

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