In today’s session Altria Group Inc (MO) registered an unusually high (5,122) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MO increase. With 5,122 contracts traded and 75294 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MO170120C00067500 closed last at: $1.17 or 42.7% up. About 2.66 million shares traded hands. Altria Group Inc (NYSE:MO) has risen 0.38% since April 8, 2016 and is uptrending. It has underperformed by 5.27% the S&P500.
Altria Group Inc (NYSE:MO) Ratings Coverage
Out of 13 analysts covering Altria Group Inc. (NYSE:MO), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $72 is the highest target while $58.49 is the lowest. The $65.72 average target is 7.28% above today’s ($61.26) stock price. Altria Group Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Cowen & Co on Friday, October 30. The stock of Altria Group Inc (NYSE:MO) earned “Buy” rating by Argus Research on Monday, May 9. UBS initiated Altria Group Inc (NYSE:MO) rating on Friday, February 26. UBS has “Neutral” rating and $63 price target. On Wednesday, September 21 the stock rating was initiated by Jefferies with “Hold”. Citigroup initiated Altria Group Inc (NYSE:MO) rating on Tuesday, September 13. Citigroup has “Buy” rating and $72 price target. As per Thursday, July 30, the company rating was downgraded by Credit Agricole. The firm has “Outperform” rating by CLSA given on Thursday, September 15. The rating was downgraded by Bank of America on Thursday, March 24 to “Neutral”. The stock of Altria Group Inc (NYSE:MO) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The company was downgraded on Tuesday, November 3 by RBC Capital Markets.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.17, from 1.1 in 2016Q1. The ratio dropped, as 40 funds sold all Altria Group Inc shares owned while 519 reduced positions. 68 funds bought stakes while 454 increased positions. They now own 1.16 billion shares or 3.01% less from 1.20 billion shares in 2016Q1.
Commerzbank Aktiengesellschaft Fi holds 0.34% of its portfolio in Altria Group Inc (NYSE:MO) for 726,730 shares. Balyasny Asset Management Ltd Com has 157,915 shares for 0.07% of their US portfolio. First Quadrant L P Ca last reported 0.56% of its portfolio in the stock. Annex Advisory Ser Ltd Co holds 0.25% or 13,345 shares in its portfolio. Cubic Asset Mngmt Ltd Llc accumulated 5,360 shares or 0.13% of the stock. Sumitomo Mitsui Asset Limited accumulated 1.41% or 670,966 shares. Next Fincl Gru Incorporated holds 37,857 shares or 0.83% of its portfolio. Smithfield accumulated 0.13% or 9,795 shares. Nippon Life reported 75,097 shares or 0.13% of all its holdings. Moreover, Arcadia Mgmt Mi has 0.04% invested in Altria Group Inc (NYSE:MO) for 1,570 shares. Cohen Klingenstein Limited Liability, a New York-based fund reported 26,605 shares. Montag A & Associates has invested 0.08% of its portfolio in Altria Group Inc (NYSE:MO). Holderness Investments has 6,283 shares for 0.44% of their US portfolio. Catawba Capital Va holds 0.15% of its portfolio in Altria Group Inc (NYSE:MO) for 8,791 shares. Fdx Advsr holds 0.66% or 210,656 shares in its portfolio.
Insider Transactions: Since May 20, 2016, the stock had 1 buy, and 4 insider sales for $2.92 million net activity. Dillard James E III also sold $600,129 worth of Altria Group Inc (NYSE:MO) shares. Sakkab Nabil Y also bought $252,800 worth of Altria Group Inc (NYSE:MO) shares. Barrington Martin J. sold $1.05 million worth of stock. On Friday, May 20 the insider MUNOZ GEORGE sold $790,087. On Thursday, August 4 Whitaker Charles N. sold $731,861 worth of the stock or 11,000 shares.
Altria Group, Inc. is a holding company. The company has a market cap of $116.21 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 23.02 P/E ratio. Smokeless Tobacco Company LLC (USSTC) and Ste.
MO Company Profile
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.
More recent Altria Group Inc (NYSE:MO) news were published by: Forbes.com which released: “December 2nd Options Now Available For Altria Group (MO)” on October 13, 2016. Also Investorplace.com published the news titled: “Altria Group Inc (MO) Becomes the “King” of Sin Stocks” on October 19, 2016. Marketwatch.com‘s news article titled: “Tobacco manufacturer Altria Group reports Q3 earnings above expectations” with publication date: October 27, 2016 was also an interesting one.
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