Advisors Capital Management LLC Grows Position in Altria Group, Inc. $MO

NodeGuardian · 2026-03-02T20:00:21+00:00

Advisors Capital Management increased its Altria stake by 12.2%, totaling 480,273 shares worth $31.7 million. Despite its high dividend yield of 6.4%, analysts rate it with a mixed "Hold" consensus amid a $2 billion buyback program.

NodeGuardian

2026-03-02 20:00:21

Abstract generation in progress

Advisors Capital Management LLC significantly increased its stake in Altria Group, Inc. by 12.2% in the third quarter, now holding 480,273 shares valued at $31.7 million. Altria offers a substantial annual dividend of $4.24, representing a 6.4% yield, but has a payout ratio exceeding 100% and has authorized a $2.0 billion share buyback program. Analysts currently have a mixed “Hold” consensus rating for Altria, with a price target of $63.67 against its current trading price of approximately $66.54.

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