Royal London Asset Management Ltd Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Royal London Asset Management Ltd reduced its stake in Altria Group Inc by 5.79% during the most recent quarter end. The investment management company now holds a total of 661,774 shares of Altria Group Inc which is valued at $43,921,940 after selling 40,702 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Altria Group Inc makes up approximately 0.70% of Royal London Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in MO in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 20,081 shares of Altria Group Inc which is valued at $1,332,776. Altria Group Inc makes up approx 0.19% of Carnegie Capital Asset Management’s portfolio.Cordasco Financial Network reduced its stake in MO by selling 278 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 37,037 shares of MO which is valued at $2,472,220. Altria Group Inc makes up approx 2.76% of Cordasco Financial Network’s portfolio.Bollard Group reduced its stake in MO by selling 6,634 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 135,627 shares of MO which is valued at $9,339,275. Altria Group Inc makes up approx 0.63% of Bollard Group’s portfolio.Bkd Wealth Advisors boosted its stake in MO in the latest quarter, The investment management firm added 1,906 additional shares and now holds a total of 17,295 shares of Altria Group Inc which is valued at $1,194,739. Altria Group Inc makes up approx 0.17% of Bkd Wealth Advisors’s portfolio.Macnealy Hoover Investment Management Inc reduced its stake in MO by selling 75 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 4,648 shares of MO which is valued at $324,570. Altria Group Inc makes up approx 0.06% of Macnealy Hoover Investment Management Inc’s portfolio.

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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