TigerOak Management L.L.C. Raises Stake in Altria Group, Inc. (NYSE:MO)

TigerOak Management L.L.C. lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,097 shares of the company’s stock after purchasing an additional 520 shares during the quarter. TigerOak Management L.L.C.’s holdings in Altria Group were worth $546,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after purchasing an additional 6,954 shares during the last quarter. IFP Advisors Inc grew its holdings in Altria Group by 9.4% in the fourth quarter. IFP Advisors Inc now owns 32,727 shares of the company’s stock valued at $1,711,000 after purchasing an additional 2,823 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Altria Group in the fourth quarter valued at $421,000. Lake Street Advisors Group LLC raised its stake in shares of Altria Group by 2.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 11,167 shares of the company’s stock worth $595,000 after buying an additional 292 shares during the last quarter. Finally, Denali Advisors LLC acquired a new position in shares of Altria Group during the 4th quarter worth $3,849,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MO. Citigroup increased their price objective on shares of Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a research report on Tuesday, April 1st. Stifel Nicolaus raised their price objective on shares of Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. UBS Group lifted their price objective on Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC upgraded Altria Group to a “hold” rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.00.

Altria Group Stock Performance

Shares of NYSE MO opened at $59.01 on Thursday. The firm has a market cap of $99.40 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 3.51 and a beta of 0.60. Altria Group, Inc. has a 1 year low of $45.17 and a 1 year high of $61.26. The firm’s 50 day moving average price is $59.19 and its 200 day moving average price is $56.24.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. As a group, equities analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.91%. Altria Group’s payout ratio is currently 68.34%.

Altria Group 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.