Procyon Advisors boosts stake in Altria Group by 164% in Q4, signaling strong institutional interest.

Procyon Advisors LLC increased its holdings in Altria Group by 163.7% in the fourth quarter, purchasing an additional 15,169 shares worth about $1.4 million. Other institutional investors also raised their stakes, reflecting continued confidence in the tobacco giant despite a slight revenue decline and a recent earnings miss. Altria declared a quarterly dividend with a 6.6% yield, maintaining appeal for income-focused investors. Analysts remain mixed with a consensus 'Hold' rating and a price target near current levels, indicating cautious optimism about the company's future performance.