Quantinno Capital Management LP Has $5.75 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Quantinno Capital Management LP increased its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 90.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,587 shares of the company's stock after purchasing an additional 53,567 shares during the quarter. Quantinno Capital Management LP's holdings in Altria Group were worth $5,746,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new position in shares of Altria Group in the second quarter valued at $27,000. True Wealth Design LLC increased its position in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company's stock valued at $29,000 after buying an additional 462 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Altria Group in the second quarter valued at $30,000. Valley Wealth Managers Inc. increased its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company's stock valued at $30,000 after buying an additional 260 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of Altria Group in the third quarter valued at $41,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. UBS Group lifted their price objective on Altria Group from $39.00 to $41.00 and gave the company a "sell" rating in a research note on Monday, September 9th. Stifel Nicolaus lifted their price objective on Altria Group from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Bank of America raised Altria Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $53.33.

Altria Group Stock Performance

Shares of MO traded up $0.41 during trading hours on Friday, hitting $57.32. 5,732,967 shares of the company were exchanged, compared to its average volume of 6,749,983. The firm's 50 day moving average is $53.14 and its 200-day moving average is $50.51. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The company has a market cap of $97.15 billion, a PE ratio of 9.68, a PEG ratio of 3.21 and a beta of 0.63.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the company earned $1.28 EPS. The company's quarterly revenue was up 18.6% on a year-over-year basis. As a group, equities analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.