Altria Group INC (MO) Holder Pnc Financial Services Group INC Has Lifted Its Holding by $5.48 Million

July 27, 2018 - By Palma Niemeyer

Altria Group, Inc. (NYSE:MO) LogoInvestors sentiment decreased to 0.73 in 2018 Q1. Its down 0.20, from 0.93 in 2017Q4. It is negative, as 88 investors sold MO shares while 562 reduced holdings. 100 funds opened positions while 372 raised stakes. 1.16 billion shares or 0.04% more from 1.16 billion shares in 2017Q4 were reported. State Teachers Retirement reported 0.5% of its portfolio in Altria Group, Inc. (NYSE:MO). Smithfield Tru accumulated 9,109 shares or 0.07% of the stock. Contrarius Limited has invested 3.14% of its portfolio in Altria Group, Inc. (NYSE:MO). Moreover, Hillsdale Inv Mngmt has 0% invested in Altria Group, Inc. (NYSE:MO) for 20 shares. Smith Moore holds 0.29% of its portfolio in Altria Group, Inc. (NYSE:MO) for 17,320 shares. Fiduciary reported 96,297 shares stake. Shell Asset Management Company reported 0.39% in Altria Group, Inc. (NYSE:MO). Doheny Asset Mngmt Ca has 12,600 shares. Brinker Cap Incorporated owns 87,207 shares or 0.21% of their US portfolio. 460,187 were reported by Pinebridge Invests L P. Pinnacle Associates Ltd stated it has 92,650 shares or 0.11% of all its holdings. Oppenheimer & Com has invested 0.31% in Altria Group, Inc. (NYSE:MO). Hodges Cap Mgmt, a Texas-based fund reported 4,033 shares. Ipswich Investment Mngmt invested in 17,310 shares or 0.46% of the stock. Everett Harris Ca reported 8,089 shares.

Since February 7, 2018, it had 1 insider purchase, and 4 sales for $1.52 million activity. Quigley Brian W. had sold 3,464 shares worth $216,154. On Friday, March 2 the insider SURGNER W HILDEBRANDT JR sold $199,488. 6,500 shares were sold by Dillard James E III, worth $410,313 on Friday, February 9. 14,953 Altria Group, Inc. (NYSE:MO) shares with value of $995,734 were sold by Johnson Craig A..

Pnc Financial Services Group Inc increased its stake in Altria Group Inc (MO) by 1.42% based on its latest 2018Q1 regulatory filing with the SEC. Pnc Financial Services Group Inc bought 88,376 shares as the company’s stock declined 14.98% with the market. The institutional investor held 6.29 million shares of the farming and seeds and milling company at the end of 2018Q1, valued at $392.05M, up from 6.20 million at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $106.28 billion market cap company. The stock decreased 3.03% or $1.75 during the last trading session, reaching $56.1. About 10.40M shares traded or 36.17% up from the average. Altria Group, Inc. (NYSE:MO) has declined 24.97% since July 27, 2017 and is downtrending. It has underperformed by 37.54% the S&P500.

Pnc Financial Services Group Inc, which manages about $101.49 billion US Long portfolio, decreased its stake in Accenture Plc Ireland (NYSE:ACN) by 22,285 shares to 507,637 shares, valued at $77.92M in 2018Q1, according to the filing. It also reduced its holding in Pinnacle Entmt Inc New by 307,216 shares in the quarter, leaving it with 17,163 shares, and cut its stake in Ishares Tr (DVY).

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Seekingalpha.com which released: “Altria: Sentiment Remains Elevated” on July 09, 2018, also Seekingalpha.com with their article: “Dividend Champion Spotlight: Altria Group, Inc.” published on July 15, 2018, Fool.com published: “Altria Claims That Low-Nicotine Cigarettes Could Cost a Million US Jobs” on July 23, 2018. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Post-earnings dip for Altria” published on July 26, 2018 as well as Fool.com‘s news article titled: “Better Buy: Verizon Communications Inc. vs. Altria Group” with publication date: July 20, 2018.

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

Among 6 analysts covering Altria Group (NYSE:MO), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Altria Group had 10 analyst reports since February 1, 2018 according to SRatingsIntel. PiperJaffray maintained Altria Group, Inc. (NYSE:MO) rating on Friday, February 2. PiperJaffray has “Overweight” rating and $81 target. The firm has “Equal-Weight” rating given on Tuesday, June 26 by Morgan Stanley. The firm earned “Equal-Weight” rating on Friday, April 27 by Morgan Stanley. The stock of Altria Group, Inc. (NYSE:MO) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. The company was upgraded on Monday, April 30 by RBC Capital Markets. The stock of Altria Group, Inc. (NYSE:MO) earned “Buy” rating by Piper Jaffray on Thursday, February 1. As per Monday, February 5, the company rating was maintained by RBC Capital Markets. Piper Jaffray maintained Altria Group, Inc. (NYSE:MO) on Monday, April 23 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, April 18 by Citigroup.

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

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