Bar Harbor Trust Services Maintains Stake in Altria Group (MO)

Cornelia Mascio
Agosto 31, 2017

The fund owned 40,493 shares of the company's stock after buying an additional 422 shares during the period. (MO) stake by 13.81% reported in 2016Q4 SEC filing.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 136.02 million shares, BLACKROCK INC. with 127.53 million shares, STATE STREET CORP with 74.12 million shares, CAPITAL RESEARCH GLOBAL INVESTORS with 57.3 million shares, and CAPITAL WORLD INVESTORS with 41.16 million shares. The institutional investor held 4.03M shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $170.14M, up from 2.98 million at the end of the previous reported quarter. Moreover, Stonebridge Cap Advsr Llc has 0.08% invested in Altria Group Inc (NYSE:MO).

Catalyst Capital Advisors Llc, which manages about $653.50M and $1.56 billion US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 398,200 shares to 401,319 shares, valued at $14.36M in 2016Q4, according to the filing. Advantage Investment Management LLC boosted its position in Altria Group by 1.9% in the first quarter. 4,285 shares were sold by DEVITRE DINYAR S, worth $303,050 on Monday, May 8. Equities analysts predict that Altria Group will post $3.26 EPS for the current fiscal year. The firm owned 29,056 shares of the company's stock after buying an additional 3,987 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in Altria Group by 302.3% in the first quarter. Vetr raised Altria Group from a "buy" rating to a "strong-buy" rating and set a $80.18 price target on the stock in a report on Tuesday, May 16th. Of those insider trades, 0 shares of Altria Group, Inc. were purchased and 46,814 shares were sold. The stock had a trading volume of 1,781,022 shares. Dana Investment Advisors Inc who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $122.31 billion market cap company. Altria Group has a one year low of $60.01 and a one year high of $77.79. The firm's 50-day moving average price is $68.44 and its 200 day moving average price is $72.24.

More notable recent Altria Group Inc (NYSE:MO) news were published by: Seekingalpha.com which released: "Altria: Good Company Despite Events Related To FDA" on August 04, 2017, also Seekingalpha.com with their article: "Altria: Dividend Increase Coming Soon, What Should Investors Expect?" published on August 18, 2017, Fool.com published: "3 Reasons Altria Group Inc". The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by $0.01. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. The ex-dividend date of this dividend is Thursday, September 14th. The Massachusetts-based Liberty Mutual Gru Asset Mngmt has invested 0.35% in Altria Group Inc (NYSE:MO). This represents a $2.64 annualized dividend and a dividend yield of 4.14%. Altria Group's dividend payout ratio is 32.19%. UBS maintained the shares of MO in report on Monday, July 31 with "Neutral" rating.

The most recent open market insider trade was Sell of 15,300 shares on a day where the closing price was 65.03. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright legislation. Jefferies Group LLC set a $67.00 price target on Altria Group and gave the stock a "hold" rating in a research note on Thursday, August 24th. Forward Pharma had 8 analyst reports since September 9, 2015 according to SRatingsIntel. Lbmc Inv Advisors Limited Liability Co reported 0.08% of its portfolio in Altria Group Inc (NYSE:MO). The firm has "Hold" rating given on Monday, July 17 by Jefferies. RBC Capital Markets downgraded the shares of MO in report on Tuesday, November 3 to "Sector Perform" rating.

Among 3 analysts covering Forward Pharma (NASDAQ:FWP), 1 have Buy rating, 0 Sell and 2 Hold. The company has a consensus rating of "Hold" and an average price target of $72.47. Howe & Rusling Inc acquired 7,280 shares as Altria Group Inc (MO)'s stock declined 2.84%. Following the sale, the chief executive officer now owns 701,074 shares of the company's stock, valued at $45,590,842.22. Private Ocean Limited Liability Company holds 0.04% in Altria Group Inc (NYSE:MO) or 900 shares. The Company's segments include smokeable products, smokeless products and wine.

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