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

TigerOak Management L.L.C. bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,577 shares of the company’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Creative Planning lifted its holdings in Altria Group by 4.7% in the third quarter. Creative Planning now owns 531,504 shares of the company’s stock valued at $27,128,000 after acquiring an additional 24,039 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Altria Group by 4.9% in the third quarter. Vontobel Holding Ltd. now owns 67,010 shares of the company’s stock valued at $3,420,000 after acquiring an additional 3,129 shares during the last quarter. Secure Asset Management LLC lifted its holdings in Altria Group by 17.7% in the third quarter. Secure Asset Management LLC now owns 9,720 shares of the company’s stock valued at $496,000 after acquiring an additional 1,461 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Altria Group by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 222,925 shares of the company’s stock valued at $11,378,000 after acquiring an additional 3,663 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Altria Group by 34.7% in the third quarter. V Square Quantitative Management LLC now owns 16,451 shares of the company’s stock valued at $840,000 after acquiring an additional 4,238 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley cut their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.29.

Altria Group Trading Down 0.5 %

Altria Group stock opened at $53.37 on Friday. The firm has a market capitalization of $90.44 billion, a P/E ratio of 8.15, a P/E/G ratio of 2.80 and a beta of 0.64. The stock’s fifty day simple moving average is $52.75 and its 200-day simple moving average is $52.57. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating 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%. Sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.65%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 62.29%.

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.