As Altria Group (MO) Stock Rose, Shareholder Payden & Rygel Lowered Position

Altria Group, Inc. (NYSE:MO) LogoInvestors sentiment increased to 0.82 in Q2 2018. Its up 0.09, from 0.73 in 2018Q1. It is positive, 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. Heritage Wealth holds 103,145 shares or 2.19% of its portfolio. 104,812 were reported by Pennsylvania Trust Com. 657,073 are owned by Ci Invests. Bremer Tru Natl Association stated it has 34,987 shares. Excalibur Corp stated it has 0.57% in Altria Group, Inc. (NYSE:MO). Vestor Capital Ltd Liability has 1,377 shares. Bartlett And Ltd Limited Liability Company owns 22,723 shares for 0.05% of their portfolio. Finemark Natl Bank And Trust stated it has 0.16% of its portfolio in Altria Group, Inc. (NYSE:MO). New Jersey-based Abner Herrman And Brock has invested 0.08% in Altria Group, Inc. (NYSE:MO). Parsec Mngmt Inc stated it has 7,051 shares. Teacher Retirement System Of Texas holds 0.54% or 1.49M shares. Virtu Financial Lc invested 0.05% in Altria Group, Inc. (NYSE:MO). Motco holds 0.65% or 110,979 shares in its portfolio. Louisiana State Employees Retirement Sys has 111,400 shares for 0.29% of their portfolio. Summit Secs Ltd Liability Corp owns 6,300 shares or 0.05% of their US portfolio.

Since August 29, 2018, it had 0 buys, and 1 insider sale for $184,966 activity.

Payden & Rygel decreased its stake in Altria Group (MO) by 43.08% based on its latest 2018Q2 regulatory filing with the SEC. Payden & Rygel sold 191,400 shares as the company’s stock rose 10.45% with the market. The institutional investor held 252,884 shares of the farming and seeds and milling company at the end of 2018Q2, valued at $14.36M, down from 444,284 at the end of the previous reported quarter. Payden & Rygel who had been investing in Altria Group for a number of months, seems to be less bullish one the $102.22B market cap company. It closed at $54.4 lastly. It is up 1.49% since December 7, 2017 and is uptrending. It has underperformed by 14.13% the S&P500.

Payden & Rygel, which manages about $82.81 billion and $1.27 billion US Long portfolio, upped its stake in Consolidated Edison (NYSE:ED) by 52,800 shares to 234,000 shares, valued at $18.25 million in 2018Q2, according to the filing. It also increased its holding in American Electric Power (NYSE:AEP) by 55,300 shares in the quarter, for a total of 362,000 shares, and has risen its stake in Kraft Heinz Co.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on February, 7. They expect $0.95 EPS, up 4.40 % or $0.04 from last year’s $0.91 per share. MO’s profit will be $1.79 billion for 14.32 P/E if the $0.95 EPS becomes a reality. After $1.08 actual EPS reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts -12.04 % negative EPS growth.

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Seekingalpha.com which released: “Altria responds to FDA actions – Seeking Alpha” on November 15, 2018, also Benzinga.com with their article: “Wells Fargo: Altria (NYSE:MO) Stock Is Extremely Cheap – Benzinga” published on November 26, 2018, Fool.com published: “5 Top Marijuana Stories of 2018 – Motley Fool” on December 06, 2018. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Altria: A Juul In Its Crown? – Seeking Alpha” published on November 30, 2018 as well as Investorideas.com‘s news article titled: “#Cannabis Growth in Nevada; Acquisitions, Dispensaries and Mainstream Targets; (NYSE: $MO), (NASDAQ: $CRON), (OTCQB: $CLSH), (CSE: $GTII.C) – InvestorIdeas.com” with publication date: December 04, 2018.

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

Among 6 analysts covering Altria Group (NYSE:MO), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Altria Group has $71 highest and $61 lowest target. $65.40’s average target is 20.22% above currents $54.4 stock price. Altria Group had 6 analyst reports since June 26, 2018 according to SRatingsIntel. The rating was maintained by Argus Research on Monday, October 29 with “Buy”. On Tuesday, June 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Altria Group, Inc. (NYSE:MO) earned “Buy” rating by Stifel Nicolaus on Friday, July 27. The firm has “Neutral” rating given on Friday, September 21 by Citigroup. Jefferies downgraded Altria Group, Inc. (NYSE:MO) on Friday, August 24 to “Hold” rating.

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

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