Johnson Financial Group INC Has Cut Altria Group INC (MO) Stake as Valuation Declined

December 8, 2017 - By Dolores Ford

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.01, from 0.9 in 2017Q1. It is positive, 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. Beacon Advisors invested 2.18% in Altria Group, Inc. (NYSE:MO). Twin Tree Mgmt LP accumulated 0.07% or 116,143 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.81% of its portfolio in Altria Group, Inc. (NYSE:MO) for 244,398 shares. 23,699 were reported by Walter & Keenan Consulting Mi Adv. Pioneer Tru Savings Bank N A Or stated it has 0.36% in Altria Group, Inc. (NYSE:MO). Catawba Cap Mgmt Va owns 7,851 shares. Mitchell Mcleod Pugh And Williams stated it has 18,395 shares. Pekin Singer Strauss Asset Il reported 0.12% in Altria Group, Inc. (NYSE:MO). Institute For Wealth Mgmt Lc has 0.52% invested in Altria Group, Inc. (NYSE:MO). Ifrah Financial Inc holds 0.42% of its portfolio in Altria Group, Inc. (NYSE:MO) for 14,272 shares. 43,139 were accumulated by Sterling Invest Management. 12,366 are held by Windsor Capital Management Ltd Liability Company. Ims Cap Mgmt has invested 0.38% of its portfolio in Altria Group, Inc. (NYSE:MO). Dock Street Asset Mngmt has 2,717 shares. Old Mutual (Uk) holds 0% or 71 shares.

Johnson Financial Group Inc decreased its stake in Altria Group Inc (MO) by 34.36% based on its latest 2017Q2 regulatory filing with the SEC. Johnson Financial Group Inc sold 66,251 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 126,567 shares of the farming and seeds and milling company at the end of 2017Q2, valued at $9.43 million, down from 192,818 at the end of the previous reported quarter. Johnson Financial Group Inc who had been investing in Altria Group Inc for a number of months, seems to be less bullish one the $136.44B market cap company. The stock decreased 0.22% or $0.16 during the last trading session, reaching $71.5. About 6.04M shares traded. Altria Group, Inc. (NYSE:MO) has risen 11.92% since December 8, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on February, 7. They expect $0.81 earnings per share, up 19.12 % or $0.13 from last year’s $0.68 per share. MO’s profit will be $1.55B for 22.07 P/E if the $0.81 EPS becomes a reality. After $0.90 actual earnings per share reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Nasdaq.com which released: “Altria Group (MO) Shares Cross 4% Yield Mark” on November 20, 2017, also Seekingalpha.com with their article: “Altria: Rising Above The Clouds” published on November 27, 2017, Nasdaq.com published: “Altria Group Breaks Above 200-Day Moving Average – Bullish for MO” on December 04, 2017. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Altria Group: More Downside To Come” published on November 14, 2017 as well as Seekingalpha.com‘s news article titled: “Altria Group: Total Return And Dividend Growth Play, Buy The Dip” with publication date: November 29, 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. had 51 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, January 4, the company rating was upgraded by Bank of America. The firm has “Buy” rating given on Monday, October 30 by Citigroup. The firm has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The stock of Altria Group, Inc. (NYSE:MO) has “Hold” rating given on Friday, November 17 by Jefferies. Berenberg downgraded the stock to “Hold” rating in Friday, February 3 report. The rating was maintained by Jefferies with “Hold” on Monday, July 17. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, July 31. The company was maintained on Thursday, October 26 by Cowen & Co. Jefferies maintained Altria Group, Inc. (NYSE:MO) on Thursday, August 24 with “Hold” rating. On Tuesday, September 26 the stock rating was upgraded by Cowen & Co to “Outperform”.

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