HighTower Advisors LLC increased its stake in Altria Group by 1.8% in Q3, purchasing an additional 47,340 shares to hold a total of 2,704,860 shares valued at $178.68 million. Altria has authorized a $2.0 billion share buyback and offers a quarterly dividend of $1.06, resulting in an annualized yield of about 6.3%. Despite missing EPS estimates by $0.02, Altria’s stock is trading near $67.23, with analysts maintaining a “Hold” rating and a consensus price target of $63.67.
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HighTower Advisors LLC Buys 47,340 Shares of Altria Group, Inc. $MO
HighTower Advisors LLC increased its stake in Altria Group by 1.8% in Q3, purchasing an additional 47,340 shares to hold a total of 2,704,860 shares valued at $178.68 million. Altria has authorized a $2.0 billion share buyback and offers a quarterly dividend of $1.06, resulting in an annualized yield of about 6.3%. Despite missing EPS estimates by $0.02, Altria’s stock is trading near $67.23, with analysts maintaining a “Hold” rating and a consensus price target of $63.67.