Morningstar Investment Services LLC Has $83.25 Million Position in Altria Group (MO)

Altria Group, Inc. (MO) closed its previous trading session at $64.06
Altria Group (NYSE:MO) has industry P/E ratio of 29.73
Author

25 August, 2017

Ferguson Wellman Management holds 408,595 shares or 1.13% of its portfolio. Greenleaf Trust who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $122.23B market cap company.

Altria stock was flat in afternoon trading Thursday, while the broad S&P 500 fell 0.1 percent.

Altria Group (NYSE:MO) traded down 0.24% on Thursday, reaching $63.56. It has underperformed by 4.78% the S&P500. SPC Financial Inc. now owns 11,150 shares of the company's stock worth $796,000 after buying an additional 200 shares during the last quarter. 25,000 are owned by Glob Endowment Mgmt L P. Welch Gp Limited Company holds 0.03% of its portfolio in Facebook Inc (NASDAQ:FB) for 1,522 shares.

Facebook, Inc.is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. Mutual of Omaha Bank Wealth Management boosted its stake in shares of Altria Group by 3.3% in the first quarter. Korea Invest holds 1.49M shares or 0.48% of its portfolio. About shares traded. DRDGOLD Ltd. (ADR) (NYSE:DRD) has declined 30.98% since August 24, 2016 and is downtrending. It has outperformed by 159.68% the S&P500.

Greenleaf Trust decreased Us Bancorp (NYSE:USB) stake by 21,367 shares to 217,977 valued at $11.20M in 2016Q4. It also increased its holding in Monster Beverage Corp New by 128,630 shares in the quarter, for a total of 184,625 shares, and has risen its stake in Intercontinental Exchange In (NYSE:ICE). Mckesson Corp (NYSE:MCK) was raised too.

Since May 8, 2017, it had 0 insider purchases, and 2 insider sales for $664,775 activity. Another trade for 4,285 shares valued at $303,050 was sold by DEVITRE DINYAR S.

Investors sentiment increased to 0.99 in 2016 Q4. Its up 0.12, from 0.87 in 2016Q3. It is positive, as 54 investors sold MO shares while 525 reduced holdings.

The FDA's (Food and Drug Administration) recent announcement could have compelled analysts to lower their 12-month target price for Altria Group (MO). Mason Street Advsrs Lc holds 0% or 3,748 shares in its portfolio. Quadrant Capital Group LLC boosted its stake in shares of Altria Group by 9.9% in the first quarter. Cullen Frost Bankers Inc holds 0.25% or 108,383 shares. Eqis Management reported 14,056 shares or 0.06% of all its holdings. Bank of America upgraded Altria Group Inc (NYSE:MO) on Wednesday, January 4 to "Buy" rating. The Massachusetts-based Granite Point Capital Management L.P. has invested 0.23% in the stock. Appleton Prns Incorporated Ma has invested 0.11% in Altria Group Inc (NYSE:MO). The institutional investor held 157,919 shares of the farming and seeds and milling company at the end of 2016Q4, valued at $10.68 million, down from 166,610 at the end of the previous reported quarter. Ntv Asset Mngmt Lc holds 0.83% of its portfolio in Altria Group Inc (NYSE:MO) for 35,380 shares.

COPYRIGHT VIOLATION NOTICE: "Morningstar Investment Services LLC Has $83.25 Million Position in Altria Group (MO)" was reported by StockNewsTimes and is owned by of StockNewsTimes.

Broadwood Capital Inc holds 15.24% of its portfolio in BioTime, Inc. for 24.90 million shares. Van Cleef Asset Managementinc holds 0.42% of its portfolio in Altria Group Inc (NYSE:MO) for 19,459 shares. Destination Wealth Management, a California-based fund reported 591,245 shares.

It is also important to look at Altria Group, Inc.'s dividend yield and EPS because you want to ensure you are stretching your dollar effectively. Therefore 0 are positive.

According to Zacks brokerage recommendations, Altria Group, Inc. The firm earned "Sector Perform" rating on Tuesday, November 3 by RBC Capital Markets. As per Monday, July 17, the company rating was maintained by Stifel Nicolaus. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, July 31. The rating was maintained by Piper Jaffray on Thursday, July 30 with "Overweight". RBC Capital Markets maintained Altria Group Inc (NYSE:MO) on Monday, May 29 with "Sell" rating.

Soroban Capital Partners Lp increased Comcast Corp New (Call) (NASDAQ:CMCSA) stake by 7.50 million shares to 12.50 million valued at $863.13 million in 2016Q4.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Facebook had 162 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Credit Agricole to "Outperform" on Thursday, July 30. The stock of Facebook Inc (NASDAQ:FB) earned "Overweight" rating by JP Morgan on Tuesday, September 27. The firm has "Neutral" rating given on Friday, February 26 by UBS. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Royal Bank Of Canada reaffirmed a "sell" rating and set a $62.00 price target on shares of Altria Group in a report on Friday, May 26th. We see this as a prudent, shareholder-friendly move as it returns cash to shareholders while maintaining financial flexibility to actively buyback shares at current low levels, which we assume the company is doing. Rosenblatt maintained the stock with "Buy" rating in Thursday, November 5 report.


More news