Procurement News Notice |
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| PNN | 3791 |
| Work Detail | Altria Group Inc (MO) : Canada Pension Plan Investment Board scooped up 465,513 additional shares in Altria Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,700,943 shares of Altria Group Inc which is valued at $180,260,936.Altria Group Inc makes up approximately 0.69% of Canada Pension Plan Investment Board’s portfolio. Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in MO by selling 74,570 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 2,134,983 shares of MO which is valued at $142,488,765. Altria Group Inc makes up approx 0.55% of State Of Wisconsin Investment Board’s portfolio.Coconut Grove Bank boosted its stake in MO in the latest quarter, The investment management firm added 345 additional shares and now holds a total of 29,140 shares of Altria Group Inc which is valued at $1,938,684. Altria Group Inc makes up approx 1.71% of Coconut Grove Bank’s portfolio.Armbruster Capital Management reduced its stake in MO by selling 500 shares or 14.25% in the most recent quarter. The Hedge Fund company now holds 3,009 shares of MO which is valued at $203,709. Altria Group Inc makes up approx 0.13% of Armbruster Capital Management’s portfolio.Berkshire Asset Managementpa boosted its stake in MO in the latest quarter, The investment management firm added 1,764 additional shares and now holds a total of 50,885 shares of Altria Group Inc which is valued at $3,511,574. Altria Group Inc makes up approx 0.52% of Berkshire Asset Managementpa’s portfolio. Altria Group Inc opened for trading at $66.58 and hit $66.71 on the upside on Tuesday, eventually ending the session at $66.46, with a gain of 0.18% or 0.12 points. The heightened volatility saw the trading volume jump to 30,72,812 shares. Company has a market cap of $129,853 M. On the company’s financial health, Altria Group Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.80. The company had revenue of $6521.00 million for the quarter, compared to analysts expectations of $5013.61 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS. Many Wall Street Analysts have commented on Altria Group Inc. Company shares were Reiterated by Stifel on Jun 27, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Berenberg Initiated Altria Group Inc on Jun 14, 2016 to “Buy”, Price Target of the shares are set at $74. Altria Group Inc. is a holding company. The Company’s reportable segments include smokeable products smokeless products and wine. As of December 31 2014 Altria Group Inc.’s wholly owned subsidiaries included 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 is a wholly owned subsidiary of PM USA and UST LLC (UST) which through its wholly owned 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 products and wine. |
| Country | Canada , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.themarketdigest.org/201608/canada-pension-plan-investment-board-buys-180260936-stake-in-altria-group-inc-mo/3145614/ |
