Arkadios Wealth Advisors has increased its stake in Altria Group Inc., according to a recent SEC filing. The firm acquired an additional 23,725 shares during the quarter, bringing its total holdings to 178,722 shares valued at approximately $11.79 million.
Gateway Wealth Partners LLC similarly raised its position, buying 21,921 more shares to own 27,798 shares worth $1.83 million at quarter’s end.
Several other institutional investors have also adjusted their Altria positions. Brighton Jones LLC added 6,954 shares, now holding 17,702 shares worth $926,000. Sivia Capital Partners LLC acquired 2,946 additional shares, ending the period with 6,361 shares valued at $373,000. Schnieders Capital Management LLC and Gamco Investors INC. ET AL established new positions in the second quarter, with Gamco purchasing shares worth $346,000. Weiss Asset Management LP bought a new stake worth $4.31 million in the first quarter.
Insider trading activity was also disclosed. Director Ennis Debra J. Kelly sold 5,790 shares on May 26, and Director Ellen R. Strahlman sold 2,000 shares on the same date. Both transactions were reported in SEC filings.
Altria Group reported its quarterly earnings on April 30. The company also declared a dividend paid on July 10, with an ex-dividend date of June 15.
Analyst sentiment remains mixed. Five analysts rate the stock a Buy, five a Hold, and two a Sell. Wall Street Zen recently downgraded Altria from Buy to Hold in a June 21 report.