November 24, 2016 - By Vivian Park · 0 Comments
Altria Group Inc (NYSE:MO) institutional sentiment decreased to 0.87 in 2016 Q2. Its down -0.06, from 0.93 in 2016Q1. The ratio turned negative, as 522 investment professionals increased or started new positions, while 559 sold and trimmed stakes in Altria Group Inc. The investment professionals in our partner’s database now own: 1.16 billion shares, down from 1.20 billion shares in 2016Q1. Also, the number of investment professionals holding Altria Group Inc in their top 10 positions increased from 75 to 80 for an increase of 5. Sold All: 40 Reduced: 519 Increased: 454 New Position: 68.
Altria Group, Inc. is a holding company. The company has a market cap of $125.88 billion. The Company’s subsidiaries include Philip Morris USA Inc. , 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 UST LLC (UST), which through its subsidiaries, including U.S. It has a 24.06 P/E ratio. Smokeless Tobacco Company LLC (USSTC) and Ste.
The stock decreased 0.30% or $0.19 on November 23, hitting $64.02. About 4.80 million shares traded hands. Altria Group Inc (NYSE:MO) has risen 5.78% since April 22, 2016 and is uptrending. It has outperformed by 0.37% the S&P500.
Analysts await Altria Group Inc (NYSE:MO) to report earnings on January, 26. They expect $0.68 EPS, up 1.49% or $0.01 from last year’s $0.67 per share. MO’s profit will be $1.34 billion for 23.54 P/E if the $0.68 EPS becomes a reality. After $0.82 actual EPS reported by Altria Group Inc for the previous quarter, Wall Street now forecasts -17.07% negative EPS growth.
According to Zacks Investment Research, “Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro, Copenhagen, Skoal and Black & Mild.”
Wintergreen Advisers Llc holds 18.68% of its portfolio in Altria Group Inc for 728,441 shares. Troy Asset Management Ltd owns 3.59 million shares or 13.18% of their US portfolio. Moreover, Torchmark Corp has 6.84% invested in the company for 119,000 shares. The Texas-based Fayez Sarofim & Co has invested 6.48% in the stock. Hwg Holdings Lp, a Texas-based fund reported 101,219 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 insider sales for $2.38 million net activity.
Ratings analysis reveals 62% of Altria Group Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Altria Group Inc., 8 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $58.49 while the high is $72. The stock’s average target of $65.72 is 2.66% above today’s ($64.02) share price. MO was included in 16 notes of analysts from July 31, 2015. The rating was initiated by Citigroup with “Buy” on Tuesday, September 13. The stock has “Hold” rating given by Jefferies on Wednesday, September 21. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 3. The firm has “Buy” rating given on Monday, May 9 by Argus Research. As per Wednesday, September 2, the company rating was upgraded by Vetr. The stock of Altria Group Inc (NYSE:MO) earned “Buy” rating by Berenberg on Tuesday, June 14. The stock of Altria Group Inc (NYSE:MO) has “Neutral” rating given on Friday, February 26 by UBS. On Friday, October 30 the stock rating was downgraded by Cowen & Co to “Market Perform”. The stock of Altria Group Inc (NYSE:MO) has “Neutral” rating given on Thursday, March 24 by Bank of America. The firm has “Outperform” rating by CLSA given on Thursday, September 15.
Altria Group, Inc., incorporated on August 27, 2009, is a holding company. The Company’s subsidiaries include 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 UST LLC (UST), which, through its 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 tobacco products and wine. The Company’s other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other subsidiaries include Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain its operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas, such as legal, regulatory, finance, human resources and external affairs, to the Company and its subsidiaries. The Company’s financial services business (conducted through PMCC) holds investments in finance leases, principally in transportation (including aircraft), power generation and manufacturing equipment and facilities.
Another recent and important Altria Group Inc (NYSE:MO) news was published by Fool.com which published an article titled: “Better Buy: Altria Group Inc. vs. Philip Morris” on November 14, 2016.
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By Vivian Park