The Thesis Is Still Intact: U.S. Bancorp (USB), Altria Group, Inc. (MO)

OMALEY DAVID B, Director, sold 10,902 shares of the U.S. Bancorp (NYSE:USB) in an exchange that happened on November 14th, 2018. The stock was sold at an average price of $53.66 per share, amounting to a transaction worth $585,001. The sale was made public in a document filed with the SEC. Additionally, Vice Chairman Elmore John R. sold 19,418 shares of this stock in a transaction that took place on November 13th, 2018. The stock was sold at an average price of $53.59 per share, for a total exchange amounting to $1,040,611. After the transaction, the Vice Chairman Elmore John R. currently holds 78,953 shares of the company’s stock, which is worth approximately $4152928.

With this stock price’s latest movement, it is now -10.09% away from its 1-year high and 8.48% higher than its 1-year low price. In the past seven days, the stock price volatility for U.S. Bancorp was 2.08%, whereas its volatility in the past 30 days has been 1.85%. This public company’s stock also has a beta score of 0.91. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

U.S. Bancorp (NYSE:USB) most recently published its quarterly earnings results. The firm posted $1.06 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $1.04 by $0.02. The publicly-traded organization reported revenue of $5,669.00 million for the quarter, compared to the average analyst forecast calling for $5,690.40 million, which was missing the analyst consensus estimate.

Shares of U.S. Bancorp (USB) plunged -3.31%, amounting to a loss of -$1.8 per share, to finish the regular trading session at $52.60 on Tuesday 12/04/2018. After beginning the session at $54.015, shares of U.S. Bancorp reached as high as $54.331 during the day, while hitting a 1-day low of $52.408. Trade volume reached 9,759,956 shares against this stock’s average daily volume of 7.34M shares, with a total float of 1.61B. As a consequence of the price decrease, U.S. Bancorp now has a current market value of 85.69B.

Altria Group, Inc. (NYSE:MO) subtracted -2.39% to its trading price by the close of the most recent session, dropping from its previous closing price of $55.73 to $54.40. This stock decreased in value by 1.13% during the last 7-day period, and experienced a gain of -14.56% over the past 30-day period. In the past three months, this stock’s price lost by -10.31% , and subtracted -3.39% to its price during the last six months of trading. MO demonstrated a yearly price loss of -22.37% , while its year-to-date (YTD) price performance has been down -23.82% . This stock’s price changed by +2.84% compared to its 90-day low, and moved down -17.63% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the MO stock as “Sell”. In the short-term, Altria Group, Inc. (MO) has a 20-day average volume of 10,622,250 shares and short-term indicators sets the MO stock as “ 60% Sell ” on average basis. In the medium-term, MO stock has a 50-Day average volume of 8,881,150 shares and medium-term indicators gave the average rating of “ 50% Sell ”, while in the long-term period the FB stock has a 100-Day average volume of 7,826,953 shares. On average, long-term indicators rated the stock as “33% Sell ”. The overall picture from all short, medium and long-term indicators sets the MO stock as “56% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on MO. Bernstein, for example, Initiated its rating on shares of Altria Group, Inc. to a “Mkt Perform”according to a research note from Tuesday October 16th, 2018. while giving the stock a “ Hold” from “Buy ” rating, as stated in a research report from Friday, August 24th, 2018. Jefferies, on the other hand, Upgrade a from “Hold ” to “ Buy” rating on this stock in a research note dated Friday, January 19th, 2018.

In other news related to Altria Group, Inc. stock, 66.00% shares of MO held by institutions. The total number of institutions who held the MO shares was 2,102, according to most recent SEC filling. During the past quarter, total 1,240,191,684 shares held by institutions with the net change of 19,660,865 shares. In the meantime, 118 new institutions bought the shares of Altria Group, Inc. for the first time and 78 institutions sold all their holdings in the company’s common stock. 776 institutions increased their investment in the MO stock and 898 institutions decreased their investment in the Altria Group, Inc. (MO)’s stock during the last quarter.