Altria (MO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Altria is one of the largest cigarette makers in the U.S. The company's core cigarette business has been in a long secular decline. Altria's cigarette business is shockingly concentrated.
Altria's strong brand equity and growing presence in the smoke-free product space provide a solid foundation for resilience in a competitive landscape.
The latest trading day saw Altria (MO) settling at $51.04, representing a -0.29% change from its previous close.
As a long-term dividend investor, I anticipate a market correction in October, presenting opportunities to buy quality stocks at a discount if history repeats itself. Altria, despite risks from declining traditional smoking, offers upside due to its NJOY acquisition and attractive valuation with a forward P/E of 9.81x. Pepsi, facing headwinds, remains a strong buy with potential upside due to its stake in Celsius and a forward P/E of 21.04x.
In the closing of the recent trading day, Altria (MO) stood at $51.19, denoting a +0.33% change from the preceding trading day.
Altria's dividend yields an impressive 8.1%, with a payout growth streak of over 50 years. The tobacco giant's earnings are growing slowly.
Current equity valuations emphasize future growth, offering little margin of safety for economic events. Global dividends are poised to set a new record in 2024 while payout ratios remain at record lows. We're focused on buying companies with economically inelastic business models.
Tobacco dividend aristocrats Altria, Philip Morris and British American Tobacco experienced a sharp, isolated decline despite no significant news, suggesting random market noise. All three companies maintain strong dividend safety, low bankruptcy risk, and robust balance sheets, making them dependable high-yield investments. The future growth outlook for these companies hinges on transitioning to reduced-risk products, with Philip Morris leading in smoke-free revenue.
Tobacco giant Altria may be fighting a losing battle, but it's still got plenty of fight left in it. Realty Income is a landlord to retailers, but that's not the risky proposition you might think it is.
In the closing of the recent trading day, Altria (MO) stood at $50.63, denoting a +0.25% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Altria (MO). This makes it worthwhile to examine what the stock has in store.