Kendall Capital Management Invests $930,000 in Altria Group, Inc. $MO

Kendall Capital Management acquired a new position in shares of Altria Group, Inc. (NYSE:MO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 12,932 shares of the company’s stock, valued at approximately $930,000.

Several other large investors have also modified their holdings of MO. Vanguard Group Inc. increased its stake in shares of Altria Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after purchasing an additional 1,903,530 shares during the period. BlackRock Inc. boosted its stake in Altria Group by 1.1% during the 2nd quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock valued at $9,070,964,000 after purchasing an additional 1,325,175 shares during the period. State Street Corp boosted its stake in Altria Group by 1.6% during the 4th quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after purchasing an additional 1,147,141 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Altria Group by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock valued at $3,777,931,000 after buying an additional 6,265,780 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Altria Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock valued at $2,651,383,000 after buying an additional 729,999 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on MO shares. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. BTIG Research initiated coverage on shares of Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating on the stock. Jefferies Financial Group boosted their target price on shares of Altria Group from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Morgan Stanley set a $71.00 target price on shares of Altria Group in a research note on Friday, May 1st. Finally, Barclays reduced their price target on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and a consensus target price of $70.11.

Altria Group Stock Up 3.6%

Shares of MO opened at $68.46 on Tuesday. The stock’s 50-day moving average price is $70.18 and its 200 day moving average price is $68.89. The firm has a market capitalization of $114.32 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $77.06.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). Altria Group had a negative return on equity of 315.29% and a net margin of 33.99%.The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the business posted $1.44 EPS. Altria Group’s revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. Equities research analysts expect that Altria Group, Inc. will post 5.67 EPS for the current year.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.