Altria Group (NYSE:MO) Quarterly Sales Review

Henrietta Strickland
October 16, 2017

There has been an observed change of -2.85% in the ownership of the shares in the past six months.

Among 7 analysts covering Orange (NYSE:ORAN), 3 have Buy rating, 1 Sell and 3 Hold.

The company declined -0.46% and closed its last trading session at $65.35. About 259,804 shares traded. InVitae Corp (NYSE:NVTA) has risen 7.90% since October 15, 2016 and is uptrending. It has underperformed by 15.09% the S&P500.

Stonebridge Capital Management Inc. purchased a new stake in shares of Altria Group (NYSE:MO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 86,078 shares of the farming and seeds and milling company at the end of 2017Q2, valued at $6.41M, up from 77,580 at the end of the previous reported quarter. Fulton Bank who had been investing in Altria Group Inc for a number of months, seems to be less bullish one the $124.80 billion market cap company. With short interest at 13,928,232 and short average daily volume at 8,333,557, days to cover is 2.0 and the short interest percentage is 0.01% as of September 29. Of those insider trades, 0 shares of Altria Group, Inc. were purchased and 78,814 shares were sold. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/16/stonebridge-capital-management-inc-takes-277000-position-in-altria-group-mo.html. It has underperformed by 4.78% the S&P500. It was reported on Oct, 14 by Barchart.com. The stock has "Mkt Perform" rating by Leerink Swann on Thursday, January 28. Wells Fargo maintained the stock with "Buy" rating in Monday, July 31 report. The rating was reinitiated by Leerink Swann on Thursday, November 10 with "Outperform". As per Wednesday, September 21, the company rating was initiated by Jefferies. JP Morgan has "Overweight" rating and $14 target.

Invitae Corporation utilizes an integrated portfolio of laboratory processes, software tools and informatics capabilities to process deoxyribonucleic acid -containing samples, analyze information about patient-specific genetic variation and generate test reports for clinicians and their patients. The company operates in the Consumer Defensive sector with a market capitalization of 125.38 Million. The Company's divisions include Region One (Urban), Region Two (Airport transportation), Region Three and Other. The Firm offers panels for a range of hereditary conditions in cancer, cardiology, neuromuscular, pediatric and rare diseases. MUNOZ GEORGE sold $361,725 worth of stock.

COPYRIGHT VIOLATION NOTICE: "Altria Group (MO) Shares Bought by Independent Franchise Partners LLP" was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. On average, equities research analysts anticipate that Altria Group will post $3.27 earnings per share for the current year. Of those analysts, 5 rate stock as a Strong Buy, 5 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 67% are positive. Year to Date (YTD) performance of Altria Group, Inc. The stock of Altria Group Inc (NYSE:MO) earned "Neutral" rating by UBS on Friday, February 26. Barclays Capital maintained Altria Group Inc (NYSE:MO) on Thursday, March 30 with "Equal Weight" rating. The rating was maintained by Jefferies with "Hold" on Tuesday, September 26. The firm has "Buy" rating by Piper Jaffray given on Thursday, July 27. Cowen & Co downgraded the stock to "Market Perform" rating in Friday, October 30 report. The rating was downgraded by Bank of America on Tuesday, June 13 to "Hold".

Steadfast Capital Management Lp, which manages about $8.17B and $5.46B US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 13,533 shares to 12,822 shares, valued at $12.41M in 2017Q2, according to the filing. First Trust Low Dur Opportunities was raised too.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.01, from 0.9 in 2017Q1. 97 funds opened positions while 444 raised stakes. Finally, Fisher Asset Management LLC increased its stake in Altria Group by 0.5% during the first quarter. Altria Group accounts for 2.0% of Palladium Partners LLC's portfolio, making the stock its 11th largest holding. Madrona Finance Svcs Limited Liability Corporation has 3,769 shares for 0.29% of their portfolio.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 136.02 million shares, BLACKROCK INC. with 127.53 million shares, STATE STREET CORP with 74.12 million shares, CAPITAL RESEARCH GLOBAL INVESTORS with 57.3 million shares, and CAPITAL WORLD INVESTORS with 41.16 million shares. The dividend was $0.660 per share for the quarter or $2.64 annualized. Osborne Partners Cap Mgmt Ltd stated it has 0.7% in Altria Group Inc (NYSE:MO). Baker Boyer Comml Bank stated it has 0.89% in Altria Group Inc (NYSE:MO). Numeric Ltd Liability Corp reported 8,200 shares or 0.01% of all its holdings. South Texas Money Management Limited reported 0.11% stake. First Manhattan Com invested in 0.51% or 803,013 shares. Warren Averett Asset Mngmt Ltd Limited Liability Company holds 0.19% or 10,045 shares. Altavista Wealth Inc holds 9,985 shares. Waldron LP increased its holdings in shares of Altria Group by 17.1% in the first quarter.

Several equities research analysts have weighed in on MO shares.

For the current quarter, 11 analysts are projecting a mean EPS of $0.88/share. MO's profit will be $1.69B for 18.48 P/E if the $0.88 EPS becomes a reality.

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