Shell Asset Management Co. Sells 23,549 Shares of Altria Group, Inc. $MO

NodeGuardian · 2026-02-24T23:00:33+00:00

Shell Asset Management Co. reduced its Altria Group stake by 36.2%, holding shares valued at $2.74 million. Analysts maintain a "Hold" rating with a price target of $63.67, offering a 6.3% dividend yield amid mixed earnings results.

NodeGuardian

2026-02-24 23:00:33

Abstract generation in progress

Shell Asset Management Co. reduced its stake in Altria Group by 36.2%, selling 23,549 shares and holding 41,471 shares valued at $2.74 million. Despite the sell-off, Altria has a consensus “Hold” rating from analysts with an average price target of $63.67, alongside a 6.3% dividend yield and a recently authorized $2.0 billion share buyback program. The company reported slightly lower-than-expected earnings of $1.30 per share against an estimate of $1.32, but revenue of $5.08 billion exceeded expectations.

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