Filings Worth Watching: As Altria Group INC (MO) Shares Declined, Investment Centers Of America INC Has Increased Position by $3.52 Million

Filings Worth Watching: As Altria Group INC (MO) Shares Declined, Investment Centers Of America INC Has Increased Position by $3.52 Million

Investment Centers Of America Inc increased its stake in Altria Group Inc (MO) by 22.94% based on its latest 2016Q3 regulatory filing with the SEC. Investment Centers Of America Inc bought 55,850 shares as the company’s stock declined 8.39% while stock markets rallied. The institutional investor held 299,358 shares of the farming and seeds and milling company at the end of 2016Q3, valued at $18.91 million, up from 243,508 at the end of the previous reported quarter. Investment Centers Of America Inc who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $131.53 billion market cap company. The stock decreased 0.35% or $0.24 during the last trading session, hitting $67.72. Altria Group Inc (NYSE:MO) has risen 4.02% since June 7, 2016 and is uptrending. It has underperformed by 3.40% the S&P500.

Investment Centers Of America Inc is a North Dakota-based institutional investor with more than $2.09 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Taken from Investment Centers Of America latest Adv, the fund reported to have 463 full and part-time employees. Among which 319 performing investment advisory and research functions. The institutional investor had more than 12400 clients.

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q3 2016. Its down 0.06, from 0.93 in 2016Q2. The ratio dropped, as 77 funds sold all MO shares owned while 535 reduced positions. 100 funds bought stakes while 433 increased positions. They now own 1.14 billion shares or 1.97% less from 1.16 billion shares in 2016Q2. Pioneer Mngmt last reported 263,089 shares in the company. Cohen Klingenstein Ltd Llc holds 0.29% of its portfolio in Altria Group Inc (NYSE:MO) for 26,605 shares. Dimensional Fund Advsrs Limited Partnership has 3.95 million shares for 0.14% of their US portfolio. The Illinois-based Keeley Asset Mngmt has invested 0.02% in Altria Group Inc (NYSE:MO). Moreover, Brighton Jones Ltd Llc has 0% invested in Altria Group Inc (NYSE:MO) for 13,955 shares. Verus Fincl Prtnrs, a Virginia-based fund reported 76,328 shares. Supplemental Annuity Collective Of Nj accumulated 25,000 shares or 0.78% of the stock. Genesee Valley Comm accumulated 0.29% or 7,555 shares. Great West Life Assurance Can holds 0.43% of its portfolio in Altria Group Inc (NYSE:MO) for 2.31 million shares. Ingalls And Snyder Lc has invested 0.08% of its portfolio in Altria Group Inc (NYSE:MO). Moreover, Riverpoint Cap Management Limited Liability Corporation has 0.09% invested in Altria Group Inc (NYSE:MO) for 17,089 shares. Waldron Ltd Partnership holds 0.51% of its portfolio in Altria Group Inc (NYSE:MO) for 22,467 shares. State Of Alaska Department Of Revenue has 1.98% invested in the company for 299,422 shares. Park Oh last reported 28,447 shares in the company. Inverness Counsel Lc last reported 7,102 shares in the company.

Insider Transactions: Since August 3, 2016, the stock had 0 insider purchases, and 3 insider sales for $2.38 million net activity. 9,000 shares were sold by Dillard James E III, worth $600,129 on Wednesday, August 3. Whitaker Charles N. sold $731,861 worth of stock. Barrington Martin J. sold $1.05M worth of stock.

More notable recent Altria Group Inc (NYSE:MO) news were published by: Fool.com which released: “Will 2017 Be Altria Group Inc.’s Best Year Yet?” on January 06, 2017, also Fool.com with their article: “How Risky Is Altria Group, Inc.?” published on December 30, 2016, Fool.com published: “3 Reasons Altria Group Inc. Stock Could Rise in 2017” on December 26, 2016. More interesting news about Altria Group Inc (NYSE:MO) were released by: Fool.com and their article: “Altria Group Inc.’s Worst Move in 2016” published on December 28, 2016 as well as Finance.Yahoo.com‘s news article titled: “Altria Group Upgraded by Bank of America Merrill Lynch” with publication date: January 06, 2017.

According to Zacks Investment Research, “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.”

Altria Group Inc (NYSE:MO) Ratings Coverage

Out of 14 analysts covering Altria Group Inc. (NYSE:MO), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. $72 is the highest target while $58.49 is the lowest. The $65.65 average target is -3.06% below today’s ($67.72) stock price. Altria Group Inc. has been the topic of 18 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, November 3. Vetr upgraded the shares of MO in a report on Wednesday, September 2 to “Strong-Buy” rating. On Friday, February 26 the stock rating was initiated by UBS with “Neutral”. The stock of Altria Group Inc (NYSE:MO) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, November 29. Cowen & Co downgraded Altria Group Inc (NYSE:MO) rating on Friday, October 30. Cowen & Co has “Market Perform” rating and $65 price target. The stock of Altria Group Inc (NYSE:MO) has “Buy” rating given on Tuesday, September 13 by Citigroup. The firm earned “Buy” rating on Monday, May 9 by Argus Research. The company was upgraded on Wednesday, January 4 by Bank of America. The company was downgraded on Thursday, March 24 by Bank of America. The stock of Altria Group Inc (NYSE:MO) earned “Outperform” rating by CLSA on Thursday, September 15.

MO Company Profile

Altria Group, Inc., incorporated on August 27, 2009, is a holding company. The Company’s subsidiaries include 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 UST LLC (UST), which, through its 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 tobacco products and wine. The Company’s other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other subsidiaries include Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain its operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas, such as legal, regulatory, finance, human resources and external affairs, to the Company and its subsidiaries. The Company’s financial services business (conducted through PMCC) holds investments in finance leases, principally in transportation (including aircraft), power generation and manufacturing equipment and facilities.

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