TigerOak Management L.L.C. Takes $448,000 Position in Altria Group, Inc. (NYSE:MO)

TigerOak Management L.L.C. purchased a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,577 shares of the company's stock, valued at approximately $448,000.

A number of other institutional investors have also recently made changes to their positions in MO. Financial Life Planners acquired a new position in shares of Altria Group in the 4th quarter valued at about $25,000. True Wealth Design LLC boosted its stake 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 worth $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group during the third quarter worth $34,000. Peterson Financial Group Inc. purchased a new stake in Altria Group during the 3rd quarter valued at about $41,000. Finally, Fairman Group LLC increased its holdings in shares of Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company's stock valued at $46,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Trading Up 1.2 %

MO traded up $0.62 on Wednesday, hitting $53.37. 6,735,372 shares of the company's stock were exchanged, compared to its average volume of 7,289,180. The stock has a fifty day moving average of $52.65 and a two-hundred day moving average of $52.65. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03. The firm has a market cap of $90.45 billion, a PE ratio of 8.15, a P/E/G ratio of 2.83 and a beta of 0.64.

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

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group's payout ratio is presently 62.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MO. Stifel Nicolaus raised their price objective on Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Bank of America raised Altria Group from a "neutral" rating to a "buy" rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley cut their price target on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Barclays upped their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.29.

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.