As Altria Group (MO) Stock Value Declined, Shareholder Pinnacle Wealth Management Advisory Group Has Trimmed Its Position by $534,366; Steel Dynamics (STLD) Shareholder Mackenzie Financial Raised Holding by $1.40 Million as Market Valuation Declined

January 19, 2018 - By Vivian Currie

Pinnacle Wealth Management Advisory Group Llc decreased its stake in Altria Group Inc (MO) by 43.11% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Wealth Management Advisory Group Llc sold 8,482 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 11,193 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $710,000, down from 19,675 at the end of the previous reported quarter. Pinnacle Wealth Management Advisory Group Llc who had been investing in Altria Group Inc for a number of months, seems to be less bullish one the $135.00B market cap company. The stock increased 1.03% or $0.72 during the last trading session, reaching $70.75. About 666,154 shares traded. Altria Group, Inc. (NYSE:MO) has risen 11.92% since January 19, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

Mackenzie Financial Corp increased its stake in Steel Dynamics Inc (STLD) by 58.03% based on its latest 2017Q3 regulatory filing with the SEC. Mackenzie Financial Corp bought 41,088 shares as the company’s stock declined 7.91% while stock markets rallied. The hedge fund held 111,888 shares of the basic industries company at the end of 2017Q3, valued at $3.86 million, up from 70,800 at the end of the previous reported quarter. Mackenzie Financial Corp who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $10.96 billion market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $46.27. About 565 shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since January 19, 2017 and is uptrending. It has outperformed by 27.69% the S&P500.

Mackenzie Financial Corp, which manages about $61.70 billion and $18.54 billion US Long portfolio, decreased its stake in Seagate Technology Plc (NASDAQ:STX) by 160,773 shares to 58,032 shares, valued at $1.93 million in 2017Q3, according to the filing. It also reduced its holding in Transcanada Corp (NYSE:TRP) by 651,585 shares in the quarter, leaving it with 2.51M shares, and cut its stake in Bristow Group Inc (NYSE:BRS).

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.43, from 1.26 in 2017Q2. It turned negative, as 50 investors sold STLD shares while 146 reduced holdings. 40 funds opened positions while 123 raised stakes. 190.76 million shares or 1.92% less from 194.51 million shares in 2017Q2 were reported. Twin Cap Management Incorporated stated it has 0.03% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Credit Suisse Ag owns 0.03% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 828,404 shares. Valley Advisers Inc accumulated 2,856 shares. First Fin Corp In owns 1,000 shares for 0.02% of their portfolio. Canada Pension Plan Board reported 544,861 shares. Regal Advisors Ltd holds 0.24% or 30,174 shares in its portfolio. Ny State Teachers Retirement reported 476,947 shares. Texas Permanent School Fund owns 0.08% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 175,118 shares. Caisse De Depot Et Placement Du Quebec reported 0% in Steel Dynamics, Inc. (NASDAQ:STLD). First Republic Inv Management Inc invested in 0% or 8,994 shares. Utah Retirement Sys has 0.03% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Moreover, Pinebridge Investments Ltd Partnership has 0.09% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 111,928 shares. Sumitomo Mitsui Trust Hldgs Incorporated reported 658,420 shares. Aperio Group Llc invested in 82,159 shares. Banced holds 0.53% or 8,872 shares in its portfolio.

Among 16 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Steel Dynamics Inc. had 67 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 22 by Citigroup. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Neutral” rating given on Monday, October 2 by Longbow. As per Wednesday, March 23, the company rating was maintained by Credit Suisse. On Friday, June 23 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was upgraded by Nomura on Monday, December 14 to “Buy”. The firm earned “Sector Weight” rating on Friday, August 19 by KeyBanc Capital Markets. The company was maintained on Monday, December 5 by Deutsche Bank. The firm earned “Buy” rating on Friday, September 15 by Citigroup. The rating was maintained by Cowen & Co on Thursday, August 31 with “Buy”. On Friday, July 21 the stock rating was maintained by Bank of America with “Buy”.

Since August 10, 2017, it had 0 buys, and 2 selling transactions for $2.95 million activity. DEVITRE DINYAR S also sold $1.96 million worth of Altria Group, Inc. (NYSE:MO) on Thursday, September 21.

Pinnacle Wealth Management Advisory Group Llc, which manages about $171.93 million US Long portfolio, upped its stake in Ishares Core S&P 500 Index F (IVV) by 1,250 shares to 3,396 shares, valued at $859,000 in 2017Q3, according to the filing. It also increased its holding in Vanguard Small (VB) by 10,075 shares in the quarter, for a total of 62,215 shares, and has risen its stake in Ishares Core Msci Emerging M (IEMG).

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Altria Group Inc. had 55 analyst reports since July 31, 2015 according to SRatingsIntel. The company was reinitiated on Tuesday, November 29 by Morgan Stanley. The stock of Altria Group, Inc. (NYSE:MO) has “Hold” rating given on Thursday, July 27 by Cowen & Co. The rating was upgraded by Argus Research on Monday, May 9 to “Buy”. RBC Capital Markets maintained the shares of MO in report on Monday, November 6 with “Hold” rating. As per Tuesday, November 3, the company rating was downgraded by RBC Capital Markets. Wells Fargo maintained Altria Group, Inc. (NYSE:MO) on Friday, August 11 with “Buy” rating. The stock of Altria Group, Inc. (NYSE:MO) has “Buy” rating given on Thursday, January 4 by Wells Fargo. The rating was maintained by Jefferies on Thursday, August 24 with “Hold”. The rating was maintained by Stifel Nicolaus on Monday, June 27 with “Buy”. The rating was initiated by Citigroup with “Buy” on Tuesday, September 13.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.02, from 0.91 in 2017Q2. It fall, as 91 investors sold MO shares while 516 reduced holdings. 118 funds opened positions while 420 raised stakes. 1.17 billion shares or 0.77% more from 1.16 billion shares in 2017Q2 were reported. Mu stated it has 800 shares or 0.04% of all its holdings. Rdl Financial invested 0.41% of its portfolio in Altria Group, Inc. (NYSE:MO). 7,570 are owned by Endowment Mgmt Lp. Lifeplan Fin Group Inc holds 0.23% of its portfolio in Altria Group, Inc. (NYSE:MO) for 5,731 shares. Raymond James Assoc has invested 0.53% in Altria Group, Inc. (NYSE:MO). Florida-based Cypress Capital Group Inc has invested 1.63% in Altria Group, Inc. (NYSE:MO). Oxbow Advsr Limited Company owns 3,651 shares. Cypress Cap Mngmt Ltd Liability Com (Wy) reported 117,445 shares. Ontario – Canada-based Cidel Asset Management has invested 0.01% in Altria Group, Inc. (NYSE:MO). Public Employees Retirement Sys Of Ohio has 0.59% invested in Altria Group, Inc. (NYSE:MO). Hendershot Investments holds 0.21% or 7,619 shares in its portfolio. Moreover, Atlantic Group Ltd Company has 0.06% invested in Altria Group, Inc. (NYSE:MO). Brandywine Trust Com reported 30,814 shares or 1.75% of all its holdings. Lbmc Inv Advsr Ltd Llc holds 0.07% or 6,649 shares. Moreover, Putnam Invs Ltd Liability Com has 0.06% invested in Altria Group, Inc. (NYSE:MO) for 421,910 shares.

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