Altria's stock price is up by 14% in the past five weeks, driven by a Q3 earnings surprise with adjusted EPS of USD1.38, exceeding estimates. There's more supporting the stock's increase, too. NJOY vapes' market share is rising and there could be incoming policy support to clamp down on the illegal vape market too. However, Altria's P/E ratio isn't competitive anymore, though a still strong forward dividend yield makes a case for it.
I'll never get tired of praising dividend stocks as the market's unsung heroes. While they aren't as sexy as high-flying growth stocks, they can be just as effective at making investors money.
Altria Group (MO 0.72%) has emerged as a surprising stock market winner in 2024, propelled by an impressive earnings rebound. At the time of this writing, its shares had surged by 41% this year to their highest level since 2019.
Every single company eventually goes through a difficult period; that's just how the business world works. The rough patches, meanwhile, can provide long-term investors with good buying opportunities.
There are plenty of reasons why many investors may choose to load up on dividend stocks right now.
Zacks.com users have recently been watching Altria (MO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Altria Group, Inc. has delivered over 50% returns this year, driven by strong adoption of non-smokable products and favorable valuation expansion. The Trump administration's policies, including cracking down on illegal imports and pro-working class measures, are expected to benefit Altria. Altria's valuation remains compelling with a target price of $98.47, suggesting a 40% upside, supported by a simple DCF model.
Altria Group (MO) has surged over 40% in 2024, with potential to exceed $60 by year-end and $70 in 2025. Lower interest rates and Republican control of legislative branches are bullish for MO, reducing operating expenses and potential tax savings. MO's strong Q3 performance and robust market share in tobacco and NJOY products support its undervaluation and dividend growth prospects.
Finding high and durable income producing assets is still possible, but the universe of such picks is clearly shrinking. Yet, if the goal is to capture buybacks and income growth on top of high and protected yields, then things become really difficult. In this article, I have outlined two picks, which still offer all three elements, and thus should be considered by income investors as additions to their portfolios.
Realty Income (O -0.74%) and Altria (MO 0.16%) are both popular stocks for income investors. Realty is one of the largest real estate investment trusts (REITs) in the world, it pays monthly dividends, and it's raised its payout 127 times since its IPO in 1994.
Altria's smoke-free strategy and pricing power make it a compelling option for value-focused investors despite challenges from declining cigarette volumes.
Donald Trump's election victory sent the stock market soaring to new heights as the promise of tax cuts, deregulation, and a business-friendly environment caused a wave of euphoria.