12,932 Shares in Altria Group, Inc. $MO Acquired by Kendall Capital Management

Kendall Capital Management acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,932 shares of the company’s stock, valued at approximately $930,000.

Several other large investors have also recently added to or reduced their stakes in MO. GQG Partners LLC acquired a new stake in shares of Altria Group during the 2nd quarter valued at $1,806,782,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Altria Group by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after acquiring an additional 6,265,780 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Altria Group by 3,691.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,606,561 shares of the company’s stock worth $259,492,000 after acquiring an additional 3,511,430 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Altria Group by 286.7% during the third quarter. Marshall Wace LLP now owns 4,479,699 shares of the company’s stock worth $295,929,000 after acquiring an additional 3,321,262 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Altria Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock valued at $9,282,143,000 after purchasing an additional 1,903,530 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 3.6%

Shares of NYSE:MO opened at $68.46 on Tuesday. The stock has a market capitalization of $114.32 billion, a PE ratio of 14.44, a P/E/G ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 1 year low of $54.70 and a 1 year high of $77.06. The firm has a fifty day moving average price of $70.18 and a 200 day moving average price of $68.89.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the business earned $1.44 earnings per share. Altria Group’s quarterly revenue was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MO has been the topic of a number of recent research reports. UBS Group boosted their target price on Altria Group from $76.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley set a $71.00 price target on Altria Group in a research note on Friday, May 1st. BTIG Research initiated coverage on Altria Group in a report on Tuesday, July 21st. They set a “neutral” rating for the company. Barclays lowered their price target on Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and an average price target of $70.11.

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.