As Altria Group INC (MO) Valuation Declined, Legal & General Group Plc Has Boosted Position

November 14, 2017 - By Linda Rogers

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.01, from 0.9 in 2017Q1. It increased, as 63 investors sold MO shares while 529 reduced holdings. 97 funds opened positions while 444 raised stakes. 1.16 billion shares or 0.78% less from 1.17 billion shares in 2017Q1 were reported. Teacher Retirement Of Texas reported 0.91% in Altria Group Inc (NYSE:MO). Inr Advisory Ser Ltd invested 0.02% of its portfolio in Altria Group Inc (NYSE:MO). Prudential Public Limited reported 1.94 million shares or 0.47% of all its holdings. Gateway Investment Advisers Ltd Llc invested in 0.8% or 1.20 million shares. Dock Street Asset Management invested in 0.09% or 2,717 shares. Pioneer Tru National Bank & Trust N A Or holds 0.36% of its portfolio in Altria Group Inc (NYSE:MO) for 8,764 shares. Utd Asset Strategies stated it has 36,294 shares. 9,190 were reported by Thomas White Ltd. Cadence Cap Limited Liability stated it has 146,950 shares or 0.76% of all its holdings. 53,850 are held by Narwhal Cap. Aviance Mgmt Ltd reported 3,594 shares. Arcadia Inv Mgmt Mi holds 0.03% of its portfolio in Altria Group Inc (NYSE:MO) for 1,100 shares. 1St Advsrs holds 0.45% or 52,329 shares. Neville Rodie Shaw Inc stated it has 0.2% of its portfolio in Altria Group Inc (NYSE:MO). 112,012 were reported by Cap Investment Advisors Limited Liability Com.

Since May 23, 2017, it had 0 insider buys, and 1 insider sale for $361,725 activity.

Legal & General Group Plc increased its stake in Altria Group Inc (MO) by 2.74% based on its latest 2017Q2 regulatory filing with the SEC. Legal & General Group Plc bought 241,211 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 9.04 million shares of the farming and seeds and milling company at the end of 2017Q2, valued at $673.14 million, up from 8.80M at the end of the previous reported quarter. Legal & General Group Plc who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $126.09 billion market cap company. The stock rose 0.38% or $0.25 reaching $66.08 per share. About 3.12 million shares traded. Altria Group Inc (NYSE:MO) has risen 11.92% since November 14, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

Legal & General Group Plc, which manages about $123.77B US Long portfolio, decreased its stake in Bank N S Halifax (NYSE:BNS) by 172,981 shares to 5.43 million shares, valued at $312.02 million in 2017Q2, according to the filing. It also reduced its holding in Conocophillips (NYSE:COP) by 87,206 shares in the quarter, leaving it with 7.03 million shares, and cut its stake in American Intl Group Inc (NYSE:AIG).

More notable recent Altria Group Inc (NYSE:MO) news were published by: Seekingalpha.com which released: “Altria Group: Growth, Value, Income” on October 16, 2017, also Seekingalpha.com with their article: “This Is Why You Want To Own Altria” published on October 30, 2017, Seekingalpha.com published: “Altria Group (MO) Q3 2017 Results – Earnings Call Transcript” on October 26, 2017. More interesting news about Altria Group Inc (NYSE:MO) were released by: Seekingalpha.com and their article: “Altria Is About To Rise Again” published on November 09, 2017 as well as Seekingalpha.com‘s news article titled: “Altria Earnings: What I’ll Be Watching” with publication date: October 26, 2017.

Altria Group Inc (NYSE:MO) Ratings Coverage

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Altria Group Inc. has $8000 highest and $58.49 lowest target. $69.34’s average target is 4.93% above currents $66.08 stock price. Altria Group Inc. had 50 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by UBS. The rating was maintained by RBC Capital Markets on Monday, November 6 with “Hold”. On Thursday, March 30 the stock rating was maintained by Barclays Capital with “Equal Weight”. The company was maintained on Friday, June 30 by RBC Capital Markets. On Monday, June 5 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by CLSA on Thursday, September 15 with “Outperform”. The firm has “Hold” rating given on Friday, September 1 by RBC Capital Markets. Piper Jaffray maintained the stock with “Buy” rating in Thursday, September 14 report. The firm has “Hold” rating given on Tuesday, September 26 by Jefferies. UBS initiated it with “Neutral” rating and $63 target in Friday, February 26 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.