Altria Group Inc (MO) : Foresters Investment Management Company scooped up 2,700 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 15, 2016. The investment management firm now holds a total of 939,050 shares of Altria Group Inc which is valued at $62,672,197.Altria Group Inc makes up approximately 1.22% of Foresters Investment Management Company’s portfolio.
Other Hedge Funds, Including , Ep Wealth Advisors boosted its stake in MO in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 15,186 shares of Altria Group Inc which is valued at $1,013,514. Altria Group Inc makes up approx 0.16% of Ep Wealth Advisors’s portfolio.Allianz Asset Management Ag reduced its stake in MO by selling 103,653 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 3,462,075 shares of MO which is valued at $231,058,886. Altria Group Inc makes up approx 0.32% of Allianz Asset Management Ag’s portfolio. Thomas J. Herzfeld Advisors sold out all of its stake in MO during the most recent quarter. The investment firm sold 615 shares of MO which is valued $41,045.Quadrant Capital Group reduced its stake in MO by selling 180 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 5,781 shares of MO which is valued at $391,374. Altria Group Inc makes up approx 0.25% of Quadrant Capital Group’s portfolio. Simplex Trading sold out all of its stake in MO during the most recent quarter. The investment firm sold 7,673 shares of MO which is valued $529,514.
Altria Group Inc opened for trading at $65.91 and hit $66.34 on the upside on Thursday, eventually ending the session at $66.32, with a gain of 0.35% or 0.23 points. The heightened volatility saw the trading volume jump to 45,15,076 shares. Company has a market cap of $129,580 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.
Investors should note that on Aug 25, 2016, Altria Group Inc announced a cash dividend of $0.6100. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 11, 2016.
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.