intek1 Since I last wrote about tobacco company Altria (NYSE:MO) in February, its price is up by 11%. No surprises here. Just going by the company’s market multiples, it was evident even then that a price uptick was possible. This was further confirmed by its high, sustained dividends as well as a small increase in its adjusted diluted earnings per share [EPS] for the full year 2023. Now, however, the gap between the stock’s forward non-GAAP price-to-earnings (P/E) ratio and its five-year average has sh ...

Altria (MO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this owner of Philip Morris USA, the nation's largest cigarette maker have returned +11.6%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Tobacco industry, which Altria falls in, has gained 12.3%. The key question now is: What could be the stock's futu ...

Despite tumbling by more than 40%, these time-tested income stocks -- sporting an average yield of 7.57% -- are ripe for the picking by opportunistic investors.One of the greatest aspects about putting your money to work on Wall Street is there are countless ways to grow your wealth. Regardless of your risk tolerance or investment focus, there are thousands of individual companies and/or exchange-traded funds (ETFs) that can meet your criteria.But among this endless sea of possible investment strategies, on ...

The clock is ticking faster for Altria to pivot its business model.Tobacco stocks have been phenomenal performers over the long term. They have strong profit margins and the consistent ability to raise prices, so shareholders who have held on for multiple decades have seen total returns (stock price appreciation plus dividends) that trounce the broad market by a wide margin.However, in the last 10 years, the largest tobacco companies have struggled. Altria Group (MO 0.43%), which controls the Marlboro brand ...

The tobacco giant pays an unusually high dividend.Altria (MO 0.27%) pays one of the most generous dividends on the stock market today. The tobacco giant has sent $32 billion to shareholders through these payments over the past five years, in fact, even as it spent aggressively on stock repurchases.The dividend yield on the stock is extremely high, partly because the company commits to sending a large portion of annual earnings back to investors each year. But how much of an investment would it take to secur ...

Guido MiethWe previously covered Altria (NYSE:MO) in February 2024, discussing why we had maintained our Buy rating then, with the stock consistently supported at the $40s. At the same time, investors only needed to be patient as the NJOY acquisition was likely to bear results by H2'24. Combined with the robust profitability and the management's sustained share repurchases, we believed that the tobacco company's dividends remained safe throughout the slow but sure transition. Since then, MO has already ...

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Altria (MO) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.Altria is one of 191 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank gauges the stre ...

tomazl/E+ via Getty Images A few months ago, we penned an article titled "British American Tobacco: 15%-24% Annualized Potential Upside From Now Until 2028". The main idea behind the article was that global regulatory concerns around tobacco products were overblown, and that British American Tobacco's stock (BTI) was significantly undervalued. With dividends, earnings growth, and multiple expansion, we thought the stock could see 15-24% annualized total returns for the coming years, well into the latter ...

Altria Group Inc. (MO) delivered first-quarter 2024 results, with the bottom line missing the Zacks Consensus Estimate and declining year over year. The top line also declined from the year-ago quarter’s reported figure. Though MO benefited from pricing power, soft cigarette shipment volumes continued to hurt. The company saw early momentum from NJOY.Quarter in DetailAdjusted earnings came in at $1.15 per share, which declined 2.5% year over year and came a penny below of the Zacks Consensus Estimate of $1. ...

PM ImagesAltria Group (NYSE:MO) has been a battleground stock for years. The bears have been winning as shares have declined by -15.76% over the past five years. This has caused the dividend yield to gradually increase as MO has increased the dividend payment on an annual basis while its share price deteriorated. One of the main bear cases is the decline in cigarette consumption, while investors such as myself look at the underlying fundamentals and significant value under the hood of MO. Thursday morni ...