Hl Financial Services buys $13,134,531 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Hl Financial Services scooped up 4,883 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 196,772 shares of Altria Group Inc which is valued at $13,134,531.Altria Group Inc makes up approximately 0.30% of Hl Financial Services’s portfolio.

Other Hedge Funds, Including , Prospera Financial Services Inc boosted its stake in MO in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 81,768 shares of Altria Group Inc which is valued at $5,458,014. Altria Group Inc makes up approx 1.11% of Prospera Financial Services Inc’s portfolio.Grimes Company reduced its stake in MO by selling 4 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 3,944 shares of MO which is valued at $263,262. Altria Group Inc makes up approx 0.03% of Grimes Company’s portfolio.Gemmer Asset Management reduced its stake in MO by selling 160 shares or 6.26% in the most recent quarter. The Hedge Fund company now holds 2,396 shares of MO which is valued at $164,989. Altria Group Inc makes up approx 0.09% of Gemmer Asset Management’s portfolio.Deschutes Portfolio Strategy boosted its stake in MO in the latest quarter, The investment management firm added 717 additional shares and now holds a total of 5,036 shares of Altria Group Inc which is valued at $348,340. Altria Group Inc makes up approx 0.19% of Deschutes Portfolio Strategy’s portfolio.

Altria Group Inc opened for trading at $67.2 and hit $68.05 on the upside on Friday, eventually ending the session at $67.7, with a gain of 0.88% or 0.59 points. The heightened volatility saw the trading volume jump to 61,47,685 shares. Company has a market cap of $132,276 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.

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