Altria Group INC Com (MO) Shareholder Baker Avenue Asset Management LP Cut Its Stake by $3.07 Million as Valuation Rose

October 2, 2018 - By olga

Altria Group, Inc. (NYSE:MO) LogoInvestors sentiment increased to 0.82 in 2018 Q2. Its up 0.09, from 0.73 in 2018Q1. It increased, as 65 investors sold MO shares while 529 reduced holdings. 106 funds opened positions while 379 raised stakes. 1.16 billion shares or 0.17% less from 1.16 billion shares in 2018Q1 were reported. First Citizens National Bank And has invested 0.51% in Altria Group, Inc. (NYSE:MO). First State Bank And Tru Of Newtown owns 22,352 shares. Tci Wealth Advisors reported 0.55% stake. Eqis Capital Mngmt Inc holds 16,630 shares or 0.06% of its portfolio. Cullen Capital Ltd Liability Co invested 2.02% of its portfolio in Altria Group, Inc. (NYSE:MO). American Asset reported 12,745 shares. Alyeska Inv Grp LP holds 930,871 shares. Keating Inv Counselors holds 0.52% of its portfolio in Altria Group, Inc. (NYSE:MO) for 19,165 shares. Crawford Inv Counsel Inc has invested 0.51% of its portfolio in Altria Group, Inc. (NYSE:MO). Piedmont Inv Ltd has 0.51% invested in Altria Group, Inc. (NYSE:MO) for 186,101 shares. Moreover, Noesis Cap Mangement has 0.47% invested in Altria Group, Inc. (NYSE:MO). Buckingham Asset Management Limited Com holds 0.24% or 26,395 shares in its portfolio. Ubs Asset Mngmt Americas Inc reported 6.91 million shares. City Hldg Com accumulated 48,826 shares. Botty Investors Lc holds 4,100 shares.

Since April 30, 2018, it had 1 insider buy, and 1 sale for $115,368 activity. $300,334 worth of Altria Group, Inc. (NYSE:MO) was bought by Newman Mark on Monday, April 30.

Baker Avenue Asset Management Lp decreased its stake in Altria Group Inc Com (MO) by 72.71% based on its latest 2018Q2 regulatory filing with the SEC. Baker Avenue Asset Management Lp sold 54,747 shares as the company’s stock rose 10.45% with the market. The institutional investor held 20,548 shares of the farming and seeds and milling company at the end of 2018Q2, valued at $1.17 million, down from 75,295 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Altria Group Inc Com for a number of months, seems to be less bullish one the $113.73B market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $60.33. About 5.89 million shares traded. Altria Group, Inc. (NYSE:MO) has risen 1.49% since October 2, 2017 and is uptrending. It has underperformed by 14.13% the S&P500.

Baker Avenue Asset Management Lp, which manages about $1.13 billion and $1.15 billion US Long portfolio, upped its stake in Simpson Manufacturing Co Inc (NYSE:SSD) by 209,122 shares to 921,735 shares, valued at $57.32 million in 2018Q2, according to the filing.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on October, 25. They expect $1.07 EPS, up 18.89 % or $0.17 from last year’s $0.9 per share. MO’s profit will be $2.02B for 14.10 P/E if the $1.07 EPS becomes a reality. After $1.01 actual EPS reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 5.94 % EPS growth.

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Seekingalpha.com which released: “Altria: Tipping Point” on September 17, 2018, also Seekingalpha.com with their article: “Altria: What Happens Next?” published on September 03, 2018, Seekingalpha.com published: “Is Altria Still A Buy?” on September 21, 2018. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Expected Dividend Increases In October 2018” published on October 01, 2018 as well as Seekingalpha.com‘s news article titled: “Altria: More Surprises Ahead?” with publication date: September 25, 2018.

Altria Group, Inc. (NYSE:MO) Ratings Coverage

Among 6 analysts covering Altria Group (NYSE:MO), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Altria Group had 9 analyst reports since April 18, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Wednesday, April 18. The stock of Altria Group, Inc. (NYSE:MO) has “Equal-Weight” rating given on Tuesday, June 26 by Morgan Stanley. On Wednesday, April 18 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Piper Jaffray maintained the shares of MO in report on Monday, April 23 with “Buy” rating. As per Monday, April 30, the company rating was upgraded by RBC Capital Markets. The firm has “Neutral” rating given on Friday, September 21 by Citigroup. Jefferies downgraded the shares of MO in report on Friday, August 24 to “Hold” rating. The rating was maintained by Morgan Stanley on Friday, April 27 with “Equal-Weight”. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 27.

Altria Group, Inc. (NYSE:MO) Ratings Chart

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