Adell Harriman & Carpenter Upped Altria Group (MO) Position By $41.56 Million; Scorpio Bulkers Inc. (SALT) Had 8 Bullish Analysts

April 25, 2018 - By Ellis Scott

Scorpio Bulkers Inc. (NYSE:SALT) Logo

Adell Harriman & Carpenter Inc increased Altria Group Inc (MO) stake by 15.57% reported in 2017Q4 SEC filing. Adell Harriman & Carpenter Inc acquired 582 shares as Altria Group Inc (MO)’s stock declined 15.83%. The Adell Harriman & Carpenter Inc holds 4,319 shares with $308.45 million value, up from 3,737 last quarter. Altria Group Inc now has $104.76 billion valuation. The stock decreased 2.25% or $1.27 during the last trading session, reaching $55.3. About 13.88 million shares traded or 57.37% up from the average. Altria Group, Inc. (NYSE:MO) has declined 17.05% since April 25, 2017 and is downtrending. It has underperformed by 28.60% the S&P500.

Among 10 analysts covering Scorpio Bulkers (NYSE:SALT), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Scorpio Bulkers had 29 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, March 13, the company rating was upgraded by Credit Suisse. The rating was maintained by Deutsche Bank with “Hold” on Monday, March 21. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 17. Jefferies initiated Scorpio Bulkers Inc. (NYSE:SALT) rating on Monday, December 18. Jefferies has “Buy” rating and $14.0 target. On Thursday, October 15 the stock rating was initiated by JP Morgan with “Neutral”. As per Monday, October 23, the company rating was maintained by Stifel Nicolaus. The company was reinitiated on Tuesday, August 2 by Seaport Global. The stock of Scorpio Bulkers Inc. (NYSE:SALT) earned “Buy” rating by Deutsche Bank on Wednesday, July 29. As per Tuesday, September 5, the company rating was maintained by Jefferies. The stock of Scorpio Bulkers Inc. (NYSE:SALT) has “Buy” rating given on Tuesday, January 3 by Deutsche Bank. See Scorpio Bulkers Inc. (NYSE:SALT) latest ratings:

23/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $9.0000 Upgrade
17/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $9 New Target: $8.5 Maintain
12/02/2018 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $10.5 New Target: $9 Maintain
12/01/2018 Broker: Noble Financial Rating: Buy New Target: $10 Initiates Coverage On
18/12/2017 Broker: Jefferies Rating: Buy New Target: $14.0 Initiate

Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers. The company has market cap of $577.38 million. The Company’s vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers along worldwide shipping routes. It currently has negative earnings. As of February 28, 2017, the firm owned 47 vessels comprising 19 Kamsarmax vessels and 28 Ultramax vessels.

The stock decreased 2.56% or $0.2 during the last trading session, reaching $7.6. About 651,348 shares traded or 22.16% up from the average. Scorpio Bulkers Inc. (NYSE:SALT) has declined 23.66% since April 25, 2017 and is downtrending. It has underperformed by 35.21% the S&P500.

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Altria Group Inc. had 63 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, April 23 by Piper Jaffray. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, June 27. On Wednesday, September 2 the stock rating was upgraded by Vetr to “Strong-Buy”. Piper Jaffray maintained Altria Group, Inc. (NYSE:MO) rating on Thursday, July 27. Piper Jaffray has “Buy” rating and $7600 target. The stock of Altria Group, Inc. (NYSE:MO) earned “Hold” rating by RBC Capital Markets on Tuesday, October 3. On Friday, February 2 the stock rating was maintained by PiperJaffray with “Overweight”. Credit Agricole downgraded Altria Group, Inc. (NYSE:MO) on Thursday, July 30 to “Outperform” rating. The firm earned “Buy” rating on Thursday, October 26 by Piper Jaffray. The firm earned “Neutral” rating on Friday, February 26 by UBS. The stock of Altria Group, Inc. (NYSE:MO) earned “Hold” rating by Jefferies on Friday, November 17.

Since February 7, 2018, it had 0 insider buys, and 4 insider sales for $1.82 million activity. The insider Johnson Craig A. sold $995,734. Dillard James E III also sold $410,313 worth of Altria Group, Inc. (NYSE:MO) shares. Quigley Brian W. sold $216,154 worth of stock. 3,200 shares were sold by SURGNER W HILDEBRANDT JR, worth $199,488 on Friday, March 2.

Scorpio Bulkers Inc. (NYSE:SALT) Ratings Chart

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