Veritas Investment Management (uk) Ltd Lowers stake in Altria Group Inc (MO)

Altria Group Inc (MO) : Veritas Investment Management (uk) Ltd reduced its stake in Altria Group Inc by 1.79% during the most recent quarter end. The investment management company now holds a total of 19,200 shares of Altria Group Inc which is valued at $1,276,608 after selling 350 shares in Altria Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Altria Group Inc makes up approximately 0.57% of Veritas Investment Management (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Accredited Investors boosted its stake in MO in the latest quarter, The investment management firm added 198 additional shares and now holds a total of 9,133 shares of Altria Group Inc which is valued at $609,536. Altria Group Inc makes up approx 0.16% of Accredited Investors’s portfolio.Summit Asset Management boosted its stake in MO in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 3,805 shares of Altria Group Inc which is valued at $253,946. Altria Group Inc makes up approx 0.11% of Summit Asset Management’s portfolio.Cable Hill Partners boosted its stake in MO in the latest quarter, The investment management firm added 2,019 additional shares and now holds a total of 4,278 shares of Altria Group Inc which is valued at $284,615. Altria Group Inc makes up approx 0.19% of Cable Hill Partners’s portfolio.Great West Life Assurance Co Can boosted its stake in MO in the latest quarter, The investment management firm added 345,760 additional shares and now holds a total of 2,276,397 shares of Altria Group Inc which is valued at $151,084,469. Altria Group Inc makes up approx 0.44% of Great West Life Assurance Co Can’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in MO in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 16,733 shares of Altria Group Inc which is valued at $1,161,438. Altria Group Inc makes up approx 0.21% of Cape Cod Five Cents Savings Bank’s portfolio.

Altria Group Inc opened for trading at $66.42 and hit $66.68 on the upside on Wednesday, eventually ending the session at $66.46, with a gain of 0.30% or 0.2 points. The heightened volatility saw the trading volume jump to 47,36,672 shares. Company has a market cap of $129,853 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Altria Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Altria Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.