Altria(MO)
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Altria: 8.5% Dividend Looks More Attractive In An Overheated Stock Market
Seeking Alpha· 2024-06-26 03:28
krblokhinAltria Group (NYSE:MO) has shown some bullish rally in the year-to-date but the stock price is still 40% below the past peak of $75 hit in 2017. One of the key reasons behind the negative sentiment towards Altria stock is the rapid decline in the shipment volume of its smokeable products. In the latest quarter, total cigarette volume declined by 10% YoY and its Marlboro brand declined by 8.7%. The shipment volume has been declining for most of the last decade, and this decline has increased ove ...
Altria Group Is Not A Buy. Here's Why
Seeking Alpha· 2024-06-25 08:04
Arsgera Investment thesis To avoid any misunderstandings, let me start with this statement: I own a certain stake of shares in Altria Group (NYSE:MO). I don't believe it's a "sell" and I don't intend to abandon my position. However, the current state of the business with the current valuation has put me on hold with any possible additions, as: The Company has recently been unable to offset the negative volume effect with its pricing effect within the core business Although there is some positive news r ...
Altria's (MO) Smoke-Free Growth Underway With Latest FDA Nod
ZACKS· 2024-06-24 15:20
Altria Group, Inc. (MO) is advancing Beyond Smoking by actively shifting millions of adult smokers toward potentially less harmful alternatives. Along these lines, the company announced that NJOY had obtained authorization from the U.S. Food and Drug Administration (FDA) for menthol e-vapor products.More on HeadlinesAltria received marketing orders for NJOY ACE Pod Menthol 2.4%, NJOY ACE Pod Menthol 5%, NJOY DAILY Menthol 4.5% and NJOY DAILY Extra Menthol 6%. NJOY ACE continues to be the only pod-based e-va ...
FDA OKs first menthol e-cigarettes, citing potential to help adult smokers
CNBC· 2024-06-21 19:28
The Food and Drug Administration on Friday authorized the first menthol-flavored electronic cigarettes for adult smokers, acknowledging that vaping flavors can reduce the harms of traditional tobacco smoking.The FDA said it authorized four menthol e-cigarettes from Njoy, the vaping brand recently acquired by tobacco giant Altria, which also sells Marlboro cigarettes.The decision lends new credibility to vaping companies' longstanding claim that their products can help blunt the toll of smoking, which is bla ...
3 Overlooked Tobacco Stocks Quietly Making Investors Rich
Investor Place· 2024-06-20 21:13
Tobacco stocks have a bad reputation. Investors with a particular set of ethics tend to veer away from them because the companies’ products are known to be detrimental to people’s health. However, if you take an objective view, buy-rated tobacco stocks can be good investments. That’s because, though not strictly considered as consumer essentials, tobacco products remain in massive demand despite wide-scale pushback. Many tobacco companies are also pivoting toward less damaging forms of their products. That’ ...
Altria (MO) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2024-06-18 22:51
Altria (MO) closed the most recent trading day at $44.80, moving +0.22% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.03%.Shares of the owner of Philip Morris USA, the nation's largest cigarette maker witnessed a loss of 2.61% over the previous month, beating the performance of the Consumer Staples sector with its loss of 3.62% and underperforming the S&P 500's gain of 3.34%.T ...
Altria: A Near-9% Yield With Buybacks, Bulls Break The Downtrend
Seeking Alpha· 2024-06-17 06:31
krblokhin Diversified investors have not been rewarded much in 2024. While the S&P 500 is up by more than 14%, dividend included, so far this year, value strategies and defensive sectors have generally lost ground to the tech-heavy SPX. During my weekend market research, I found that only Information Technology and Communication Services are moving higher on a relative basis to the S&P 500. Even Utilities, which had captured the eye of some AI alpha-seekers, has fallen off. Consumer Staples, meanwhile, ...
Altria With 9% Dividend Yield - Because America Was Built On Tobacco
Seeking Alpha· 2024-06-16 18:47
Terroa Introduction I don't smoke. I never tried a cigarette and don't recommend it to anyone. After all, it's not healthy. According to the CDC: Smoking causes stroke and coronary heart disease, which are among the leading causes of death in the United States. Even people who smoke fewer than five cigarettes a day can have early signs of cardiovascular disease. Smoking damages blood vessels and can make them thicken and grow narrower. This makes your heart beat faster and your blood pressure go up. ...
Better High-Yield Dividend Stock to Buy Now: AT&T vs. Altria Group
The Motley Fool· 2024-06-15 09:31
Find out which of these high-yield dividend payers is poised to deliver the most passive income in the years ahead.Investors looking for high-yield dividend stocks that can raise their payouts further may want to look at the telecommunications and tobacco industries.Shares of telecommunications giant AT&T (T -0.17%) offer an eye-popping dividend yield above 6% at recent prices. Altria Group (MO -1.00%) has been offering an even higher yield to investors willing to take a chance on the U.S.-based tobacco com ...
Ex-Dividend Reminder: Coca-Cola, Altria Group And Meta Platforms
Forbes· 2024-06-12 16:24
On 6/14/24, Coca-Cola, Altria Group, and Meta Platforms will all trade ex-dividend for their respective upcoming dividends. Coca-Cola will pay its quarterly dividend of $0.485 on 7/1/24, Altria Group will pay its quarterly dividend of $0.98 on 7/10/24, and Meta Platforms will pay its quarterly dividend of $0.50 on 6/26/24.Start slideshow: 10 Stocks Where Yields Got More Juicy »As a percentage of KO's recent stock price of $63.55, this dividend works out to approximately 0.76%, so look for shares of Coca-Col ...