Rational Advisors buys $5,726,292 stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Rational Advisors scooped up 11,500 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 10, 2016. The investment management firm now holds a total of 85,800 shares of Altria Group Inc which is valued at $5,726,292.Altria Group Inc makes up approximately 3.94% of Rational Advisors’s portfolio.

Other Hedge Funds, Including , Cetera Advisors reduced its stake in MO by selling 764 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 59,381 shares of MO which is valued at $3,963,088. Altria Group Inc makes up approx 0.30% of Cetera Advisors’s portfolio.Feltz Wealth Plan reduced its stake in MO by selling 11,695 shares or 35.32% in the most recent quarter. The Hedge Fund company now holds 21,415 shares of MO which is valued at $1,429,237. Altria Group Inc makes up approx 0.08% of Feltz Wealth Plan’s portfolio.Pbwm Holdings reduced its stake in MO by selling 8,423 shares or 4.5% in the most recent quarter. The Hedge Fund company now holds 178,637 shares of MO which is valued at $11,884,720. Altria Group Inc makes up approx 4.52% of Pbwm Holdings’s portfolio.Haverford Financial Services reduced its stake in MO by selling 29 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 4,457 shares of MO which is valued at $296,524. Altria Group Inc makes up approx 0.12% of Haverford Financial Services’s portfolio.Vigilant Capital Management reduced its stake in MO by selling 103 shares or 26.01% in the most recent quarter. The Hedge Fund company now holds 293 shares of MO which is valued at $20,220.

Altria Group Inc opened for trading at $66.4 and hit $66.57 on the upside on Friday, eventually ending the session at $66.33, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 32,74,822 shares. Company has a market cap of $129,599 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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