As Altria Group INC (MO) Stock Price Declined, Martingale Asset Management LP Decreased Its Stake

April 21, 2018 - By Henry Gaston

Altria Group, Inc. (NYSE:MO) LogoInvestors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It improved, as 63 investors sold MO shares while 521 reduced holdings. 134 funds opened positions while 410 raised stakes. 1.16 billion shares or 1.13% less from 1.17 billion shares in 2017Q3 were reported. The Massachusetts-based Athena Ltd Llc has invested 1.74% in Altria Group, Inc. (NYSE:MO). Patten Gru Incorporated reported 0.13% of its portfolio in Altria Group, Inc. (NYSE:MO). Stratos Wealth Limited stated it has 92,819 shares. Kayne Anderson Rudnick Invest Mgmt Ltd Com, California-based fund reported 239,390 shares. Wellington Shields Cap Mngmt holds 3,066 shares. New Jersey-based Nuwave Investment Mngmt Limited Com has invested 0.04% in Altria Group, Inc. (NYSE:MO). First Personal Svcs has invested 0.14% of its portfolio in Altria Group, Inc. (NYSE:MO). Legal And General Group Public Limited Liability stated it has 0.47% of its portfolio in Altria Group, Inc. (NYSE:MO). 6,177 were accumulated by Benin Mgmt Corp. Schroder Inv Mngmt Grp Inc holds 0.31% or 2.63 million shares. Fulton Commercial Bank Na reported 0.48% in Altria Group, Inc. (NYSE:MO). Exchange Capital Management Inc has 900 shares. Pub Employees Retirement Systems Of Ohio holds 0.48% of its portfolio in Altria Group, Inc. (NYSE:MO) for 1.38M shares. Spinnaker Trust reported 23,818 shares or 0.2% of all its holdings. Greylin Inv Mangement holds 0.08% or 5,357 shares.

Since February 7, 2018, it had 0 buys, and 4 insider sales for $1.82 million activity. Quigley Brian W. had sold 3,464 shares worth $216,154 on Friday, March 2. Another trade for 6,500 shares valued at $410,313 was sold by Dillard James E III. SURGNER W HILDEBRANDT JR also sold $199,488 worth of Altria Group, Inc. (NYSE:MO) on Friday, March 2.

Martingale Asset Management LP decreased its stake in Altria Group Inc (MO) by 6.39% based on its latest 2017Q4 regulatory filing with the SEC. Martingale Asset Management LP sold 61,344 shares as the company’s stock declined 15.83% with the market. The institutional investor held 898,740 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $64.18 million, down from 960,084 at the end of the previous reported quarter. Martingale Asset Management LP who had been investing in Altria Group Inc for a number of months, seems to be less bullish one the $108.42B market cap company. The stock decreased 0.95% or $0.55 during the last trading session, reaching $57.23. About 13.54M shares traded or 58.07% up from the average. Altria Group, Inc. (NYSE:MO) has declined 17.05% since April 21, 2017 and is downtrending. It has underperformed by 28.60% the S&P500.

Martingale Asset Management L P, which manages about $2.91 billion and $7.54 billion US Long portfolio, upped its stake in Alphabet Inc Class A by 3,500 shares to 83,563 shares, valued at $88.03 million in 2017Q4, according to the filing. It also increased its holding in Lowe’s Companies (NYSE:LOW) by 43,691 shares in the quarter, for a total of 202,879 shares, and has risen its stake in Chatham Lodging Tr Co (NYSE:CLDT).

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on April, 26 before the open. They expect $0.94 EPS, up 28.77 % or $0.21 from last year’s $0.73 per share. MO’s profit will be $1.78 billion for 15.22 P/E if the $0.94 EPS becomes a reality. After $0.91 actual EPS reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 3.30 % EPS growth.

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

Among 13 analysts covering Altria Group (NYSE:MO), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Altria Group had 19 analyst reports since October 23, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 6 report. The company was maintained on Wednesday, April 18 by Morgan Stanley. UBS maintained the stock with “Neutral” rating in Friday, October 27 report. The stock has “Hold” rating by Jefferies on Friday, November 17. Cowen & Co maintained the shares of MO in report on Thursday, October 26 with “Buy” rating. The rating was maintained by Wells Fargo on Thursday, January 4 with “Buy”. The stock has “Neutral” rating by Citigroup on Wednesday, April 18. The company was maintained on Friday, February 2 by PiperJaffray. The firm earned “Buy” rating on Tuesday, December 19 by Berenberg. The firm has “Hold” rating by RBC Capital Markets given on Monday, February 5.

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

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