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Vanguard Group Inc. Sells 640,052 Shares of Altria Group, Inc. $MO
Vanguard Group Inc. reduced its stake in Altria Group, Inc. by 0.4% in the third quarter, selling 640,052 shares and now owning 159,077,096 shares valued at over $10.5 billion. Despite this sale, other institutional investors like Ameriprise Financial and Marshall Wace LLP increased their holdings. Analysts currently have a “Hold” consensus rating on Altria Group, with an average price target of $63.67.