HighTower Advisors LLC Has $101.10 Million Position in Altria Group, Inc. $MO

HighTower Advisors LLC significantly reduced its stake in Altria Group by 54.6% in Q2, retaining shares worth $101.1 million. Despite this, Altria's stock has an average "Hold" rating from analysts with a consensus price target of $70.11. The company recently reported revenues slightly above estimates and increased its quarterly dividend to $1.11, offering a 6.5% annualized yield.