The stock of Altria Group Inc (NYSE:MO) is a huge mover today! About 3.24M shares traded hands. Altria Group Inc (NYSE:MO) has declined 2.51% since April 11, 2016 and is downtrending. It has underperformed by 8.66% the S&P500.
The move comes after 9 months positive chart setup for the $116.82B company. It was reported on Nov, 11 by Barchart.com. We have $82.04 PT which if reached, will make NYSE:MO worth $37.38B more.
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. Altria Group Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Bank of America downgraded Altria Group Inc (NYSE:MO) on Thursday, March 24 to “Neutral” rating. Cowen & Co downgraded it to “Market Perform” rating and $65 target price in Friday, October 30 report. The rating was initiated by Jefferies with “Hold” on Wednesday, September 21. The stock of Altria Group Inc (NYSE:MO) has “Outperform” rating given on Thursday, July 30 by Credit Agricole. The firm earned “Neutral” rating on Friday, February 26 by UBS. Vetr upgraded the stock to “Strong-Buy” rating in Wednesday, September 2 report. The stock of Altria Group Inc (NYSE:MO) has “Buy” rating given on Tuesday, June 14 by Berenberg. The firm has “Buy” rating by Argus Research given on Monday, May 9. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, June 27. On Thursday, September 15 the stock rating was maintained by CLSA with “Outperform”.
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 turned negative, 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.
Interocean Capital Ltd Liability Com reported 11,105 shares or 0.19% of all its holdings. Capital Advisers accumulated 155,220 shares or 0.11% of the stock. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.22% of its portfolio in Altria Group Inc (NYSE:MO). Highland Management reported 28,363 shares or 0.17% of all its holdings. Cadence Capital Mgmt Limited Liability Corp reported 170,272 shares or 0.89% of all its holdings. Moreover, Blackrock Japan Comm has 0.75% invested in Altria Group Inc (NYSE:MO) for 3.01 million shares. Patten Incorporated last reported 0% of its portfolio in the stock. Royal London Asset Mgmt last reported 661,774 shares in the company. Barnett And Communication Inc owns 2,875 shares or 0.11% of their US portfolio. Telemus Cap Limited Liability Co has 14,364 shares for 0.12% of their US portfolio. Moreover, Waldron L P has 0.44% invested in Altria Group Inc (NYSE:MO) for 18,837 shares. The Connecticut-based General Electr Company has invested 0.15% in Altria Group Inc (NYSE:MO). Huntington Bancshares last reported 0.29% of its portfolio in the stock. Ftb Advsr Inc has 0.26% invested in the company for 27,902 shares. Sei Investments last reported 0.18% of its portfolio in the stock.
Insider Transactions: Since May 20, 2016, the stock had 1 insider buy, and 4 sales for $2.92 million net activity. Sakkab Nabil Y bought 4,000 shares worth $252,800. Dillard James E III also sold $600,129 worth of Altria Group Inc (NYSE:MO) on Wednesday, August 3. $1.05M worth of Altria Group Inc (NYSE:MO) shares were sold by Barrington Martin J.. Shares for $731,861 were sold by Whitaker Charles N.. Another trade for 12,571 shares valued at $790,087 was sold by MUNOZ GEORGE.
Another recent and important Altria Group Inc (NYSE:MO) news was published by Forbes.com which published an article titled: “December 2nd Options Now Available For Altria Group (MO)” on October 13, 2016.
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.
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