Shrier Wealth Management LLC Buys Shares of 19,879 Altria Group, Inc. $MO

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Shrier Wealth Management LLC initiated a new position in Altria Group, Inc. (NYSE:MO) during the fourth quarter, acquiring 19,879 shares valued at approximately $1.146 million. This comes as Altria declared a $1.06 quarterly dividend, leading to a 6.4% yield despite a high payout ratio of 103.16%, raising concerns about sustainability. Analysts have a “Hold” consensus rating on Altria with an average target price of $65.75, influenced by the FDA’s authorization of its on! PLUS nicotine pouches and ongoing antitrust legal challenges related to its past Juul investment.

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