TigerOak Management L.L.C. Makes New $448,000 Investment in Altria Group, Inc. (NYSE:MO)

TigerOak Management L.L.C. purchased a new position in shares of Altria Group, Inc. (NYSE:MO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,577 shares of the company’s stock, valued at approximately $448,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Altria Group during the 4th quarter worth about $25,000. True Wealth Design LLC lifted its position in Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Altria Group during the 3rd quarter worth about $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group during the 3rd quarter worth about $41,000. Finally, Fairman Group LLC raised its stake in shares of Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Down 0.5 %

NYSE:MO opened at $53.37 on Friday. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The stock has a 50 day moving average of $52.75 and a two-hundred day moving average of $52.57. The firm has a market cap of $90.44 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.65%. Altria Group’s dividend payout ratio (DPR) is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MO shares. 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. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. 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, Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.29.

About Altria Group

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.