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Denali Advisors LLC Sells 21,719 Shares of Altria Group, Inc. $MO
Denali Advisors LLC reduced its stake in Altria Group, Inc. (NYSE:MO) by 15.7% during the third quarter, selling 21,719 shares and leaving it with 116,243 shares valued at $7,679,000. Other institutional investors also adjusted their positions in Altria, which currently has a market capitalization of $112.85 billion and a consensus “Hold” rating from analysts. The company recently announced a quarterly dividend of $1.06 per share and a $2 billion stock repurchase program.