Insider Buying: Altria Group (NYSE:MO) Director Buys 1,500 Shares

Altria Group (NYSE:MO) Director Kathryn McQuade recently purchased 1,500 shares of the company's stock for a total of $101,430, increasing her direct ownership to 114,929 shares. The company also announced an increase in its quarterly dividend to $1.11 per share, resulting in an annual yield of 6.4%. Despite slightly missing recent earnings estimates, analysts generally maintain a "Hold" rating for Altria with a consensus target price of $70.11.