Large Outflow of Money Witnessed in Altria Group

Altria Group (MO) surged 0.3% during the last session. The last traded price was up 0.21 points at $71.39. The data for the fund flow suggests that the net intraday money flow was $(-21.03) million. The fund value in upticks was recorded to be $126.15 million and in downticks, it was found to be $147.17 million. The up/down ratio for the day was measured to be 0.86. For the week, the shares have seen a percentage change of 0.51%.A block trade of $(-18.68) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $5.36 million and that of downticks was $24.04 million. The block tradeoff had the up/down ratio of 0.22.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Altria Group, Inc. rose by 0.61% in the last five trading days and 5.58% for the last 4 weeks. Altria Group, Inc. is up 8.95% in the last 3-month period. Year-to-Date the stock performance stands at 5.58%. Altria Group (NYSE:MO) rose 0.3% or 0.21 points on Wednesday and made its way into the gainers of the day. After trading began at $69.96 the stock was seen hitting $72 as a peak level and $68.8 as the lowest level. The stock ended up at $71.39. The daily volume was measured at 11,416,270 shares. The 52-week high of the share price is $72 and the 52-week low is $58.84. The company has a market cap of $139,230 million.

Company has reported several Insider transactions to the SEC, on Nov 2, 2016, Martin J. Barrington (Chairman, CEO & President) sold 15,960 shares at 65.85 per share price.On Aug 8, 2016, Charles N. Whitaker (SVP HR Compliance InfoSvcs&CCO) sold 11,000 shares at 66.53 per share price.On Aug 5, 2016, James E Iii Dillard (SVP, Research, Dev. & RegAffrs) sold 9,000 shares at 66.68 per share price.

Altria Group Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.67. The company had revenue of $4733.00 million for the quarter, compared to analysts expectations of $4798.25 million. The companys revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Altria Group Inc was Upgraded by BofA/Merrill to Buy on Jan 4, 2017. Altria Group Inc was Resumed by Morgan Stanley on Nov 29, 2016 to Equal-Weight, Price Target of the shares are set at $65.

Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro, Copenhagen, Skoal and Black & Mild.


Share this post

Leave a Reply