Altria Group Inc Stock Was Bought By Options Traders

 Altria Group Inc Stock Was Bought By Options Traders

In today’s session Altria Group Inc (MO) registered an unusually high (328) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious MO increase. With 328 contracts traded and 3734 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: MO170616C00070000 closed last at: $1.27 or 3.3% up. About 1.76 million shares traded hands. Altria Group Inc (NYSE:MO) has risen 2.80% since April 28, 2016 and is uptrending. It has underperformed by 3.13% the S&P500.

Analysts await Altria Group Inc (NYSE:MO) to report earnings on January, 26. They expect $0.68 earnings per share, up 1.49% or $0.01 from last year’s $0.67 per share. MO’s profit will be $1.30 billion for 23.01 P/E if the $0.68 EPS becomes a reality. After $0.82 actual earnings per share reported by Altria Group Inc for the previous quarter, Wall Street now forecasts -17.07% negative EPS growth.

Altria Group Inc (NYSE:MO) Ratings Coverage

Out of 14 analysts covering Altria Group Inc. (NYSE:MO), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $72 is the highest target while $58.49 is the lowest. The $65.65 average target is 4.87% above today’s ($62.6) stock price. Altria Group Inc. has been the topic of 17 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Jefferies initiated Altria Group Inc (NYSE:MO) rating on Wednesday, September 21. Jefferies has “Hold” rating and $70 price target. The stock of Altria Group Inc (NYSE:MO) earned “Buy” rating by Stifel Nicolaus on Monday, June 27. Vetr upgraded Altria Group Inc (NYSE:MO) on Wednesday, September 2 to “Strong-Buy” rating. The firm earned “Outperform” rating on Thursday, September 15 by CLSA. The firm earned “Neutral” rating on Thursday, March 24 by Bank of America. The stock of Altria Group Inc (NYSE:MO) has “Equal-Weight” rating given on Tuesday, November 29 by Morgan Stanley. The rating was upgraded by Argus Research to “Buy” on Monday, May 9. Berenberg initiated Altria Group Inc (NYSE:MO) on Tuesday, June 14 with “Buy” rating. On Thursday, July 30 the stock rating was downgraded by Credit Agricole to “Outperform”. UBS initiated Altria Group Inc (NYSE:MO) on Friday, February 26 with “Neutral” rating.

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 0.87 in Q2 2016. Its down 0.06, from 0.93 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.
First Manhattan has 0.24% invested in the company for 566,627 shares. Victory Cap Management, a Ohio-based fund reported 226,329 shares. Moreover, Chemung Canal Trust has 0.22% invested in Altria Group Inc (NYSE:MO) for 13,725 shares. M&T Bancorp holds 1.34 million shares or 0.62% of its portfolio. Cidel Asset Management holds 0.02% or 4,000 shares in its portfolio. Americafirst Cap Mgmt reported 1,961 shares or 0% of all its holdings. The California-based Regis Management Commerce Limited Co has invested 0.17% in Altria Group Inc (NYSE:MO). Williams Jones & Lc holds 0.06% or 17,412 shares in its portfolio. The Massachusetts-based Geode Llc has invested 0.6% in Altria Group Inc (NYSE:MO). Ifrah Financial Serv has invested 0.08% of its portfolio in Altria Group Inc (NYSE:MO). Wms Prns Llc accumulated 0.26% or 26,725 shares. Buckingham Asset Llc last reported 0.14% of its portfolio in the stock. Lmr Ptnrs Limited Liability Partnership holds 8,616 shares or 0.09% of its portfolio. Park Natl Corporation Oh last reported 29,206 shares in the company. Lpl last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since August 3, 2016, the stock had 0 insider purchases, and 3 insider sales for $2.38 million net activity. 11,000 Altria Group Inc (NYSE:MO) shares with value of $731,861 were sold by Whitaker Charles N.. Shares for $1.05M were sold by Barrington Martin J. on Monday, October 31. The insider Dillard James E III sold 9,000 shares worth $600,129.

Altria Group, Inc. is a holding company. The company has a market cap of $119.75 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 23.53 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: Seekingalpha.com which released: “Altria Group Inc. – One Of The Best-Performing Stocks Ever” on November 28, 2016. Also Fool.com published the news titled: “Better Buy: Altria Group Inc. vs. Philip Morris” on November 14, 2016. Fool.com‘s news article titled: “Altria Stock Split: Will the Marlboro Maker Ever Split Again?” with publication date: November 30, 2016 was also an interesting one.

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