Altria Group, Inc. $MO Shares Purchased by TigerOak Management L.L.C.

TigerOak Management L.L.C. increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 43.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,005 shares of the company’s stock after acquiring an additional 3,908 shares during the period. TigerOak Management L.L.C.’s holdings in Altria Group were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MO. Mattson Financial Services LLC acquired a new stake in Altria Group during the first quarter worth about $25,000. Global X Japan Co. Ltd. acquired a new stake in Altria Group in the second quarter valued at approximately $25,000. Carderock Capital Management Inc. acquired a new stake in Altria Group in the second quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new stake in Altria Group in the first quarter valued at approximately $31,000. Finally, Sierra Ocean LLC grew its holdings in Altria Group by 226.3% in the first quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after purchasing an additional 353 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Barclays raised their price objective on Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Jefferies Financial Group assumed coverage on Altria Group in a report on Wednesday, July 9th. They issued an “underperform” rating and a $50.00 price objective on the stock. Stifel Nicolaus set a $72.00 price objective on Altria Group in a report on Thursday, August 21st. Finally, Morgan Stanley raised their price objective on Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.88.

Altria Group Price Performance

NYSE MO opened at $65.18 on Thursday. The company has a market cap of $109.49 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.49 and a beta of 0.59. The stock’s 50 day simple moving average is $64.26 and its 200-day simple moving average is $60.56. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $68.60.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.5%. This is a boost from Altria Group’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, September 15th. Altria Group’s dividend payout ratio (DPR) is 82.01%.

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.