Hedge Funds Are Selling Altria Group Inc (NYSE:MO)

Is Altria Group Inc (NYSE:MO) the right pick for your portfolio? Investors who are in the know are becoming less hopeful. The number of long hedge fund bets were cut by 7 recently.

Altria Group (MO)In the 21st century investor’s toolkit, there are many metrics market participants can use to watch stocks. A pair of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite fund managers can outclass the broader indices by a healthy margin (see just how much).

Equally as key, optimistic insider trading sentiment is another way to parse down the world of equities. Obviously, there are a variety of reasons for an insider to drop shares of his or her company, but only one, very simple reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the useful potential of this tactic if shareholders understand where to look (learn more here).

Consequently, let’s take a glance at the key action encompassing Altria Group Inc (NYSE:MO).

How are hedge funds trading Altria Group Inc (NYSE:MO)?

At the end of the fourth quarter, a total of 29 of the hedge funds we track held long positions in this stock, a change of -19% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their holdings significantly.

Of the funds we track, Tom Russo’s Gardner Russo & Gardner had the most valuable position in Altria Group Inc (NYSE:MO), worth close to $220 million, accounting for 3% of its total 13F portfolio. The second largest stake is held by David Winters of Wintergreen Advisers, with a $88 million position; the fund has 11.6% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Phill Gross and Robert Atchinson’s Adage Capital Management, Cliff Asness’s AQR Capital Management and Jim Simons’s Renaissance Technologies.

Since Altria Group Inc (NYSE:MO) has experienced a declination in interest from hedge fund managers, it’s safe to say that there lies a certain “tier” of hedgies who sold off their full holdings heading into 2013. Interestingly, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital said goodbye to the biggest investment of the “upper crust” of funds we key on, totaling close to $61 million in stock.. Louis Navellier’s fund, Navellier & Associates, also dropped its stock, about $42 million worth. These bearish behaviors are interesting, as total hedge fund interest fell by 7 funds heading into 2013.

What do corporate executives and insiders think about Altria Group Inc (NYSE:MO)?

Insider buying is best served when the company we’re looking at has experienced transactions within the past six months. Over the latest half-year time frame, Altria Group Inc (NYSE:MO) has experienced zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

With the returns shown by our studies, retail investors must always watch hedge fund and insider trading activity, and Altria Group Inc (NYSE:MO) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!