The stock has one of the highest yields on the S&P 500. How long will it last?Tobacco company Altria Group (MO 1.11%) has been a solid dividend stock for decades. It has not only paid a dividend for years, but it has also been raising its payouts regularly, giving investors plenty of incentive to buy and hold. Altria has been an effective choice for income investors with a long-term strategy.But with sales declining and Altria facing an uncertain path ahead, investors might have growing concerns about the s ...

PM Images2024 hasn't just been good for technology companies able to capitalize on the AI boom, it's also been strong for companies that produce things. Companies of yesterday that are often regarded as boring, including The Coca-Cola Company (KO) and Exxon Mobil Corporation (XOM), are up more than 15% YTD. One of my favorite companies that many investors had written off is having a great year, and I believe it will get better in the 2nd half of 2024. Altria Group (NYSE:MO) has been a battleground stock ...

peshkov MO stock: a hedge against hard landing I last analyzed Altria Group (NYSE:MO) in mid-July. As you can see from the screenshot below, I wrote an article titled "2 Misconceptions About Altria" on July 16, 2024, on MO stock. As the title suggests, the goal of the article was to clarify two common misconceptions surrounding the stock, and I argued why the stock’s upside potential is underestimated because of these misconceptions. More specifically, I explained why: The bears' argument regarding the ...

krblokhin Altria Group (NYSE:MO) submitted a solid earnings sheet for the second fiscal quarter, although the tobacco firm missed on both the top and the bottom line. Strong NJOY momentum, driven by growing distribution and product uptake, continues to support the company's earnings growth projection and the e-cigarette market opportunity is growing for Altria. On the other hand, Altria's combustible segment is still struggling as smokers turn away from traditional tobacco products. From a dividend cove ...

Performance and Investment Strategy - Altria Group (NYSE:MO) has been one of the best-performing investments in 2024, with total returns (including dividends) up by almost 30% [1] - After a follow-up article in June, the total returns reached ~12%, outperforming the S&P 500 by about 10% [1] - The stock initially dropped ~5% after the Q2 2024 earnings report but has since recovered to pre-report levels [1] - The decision has been made to stop directing additional capital towards increasing the position in Altria, including shifting dividends to other income-generating allocations, but no divestment of shares is planned [2] Q2 2024 Earnings Overview - Adjusted diluted earnings per share (EPS) remained unchanged in Q2 2024 compared to Q2 2023, in line with management's guidance [4] - Earnings growth is expected in the second half of 2024, with adjusted diluted EPS projected to increase by 2.5% to 4%, reaching a range of $5.07 to $5.15 [4] - The growth trajectory is consistent with British American Tobacco (NYSE:BTI) and aligns with U.S. sector-wide inventory cycles and additional shipping days in H2 2024 [4] Segment Performance - The smokable products segment saw a 2% decline in adjusted operating income in Q2 2024, despite a 13% decline in domestic cigarette volumes, indicating strong margin protection [4] - The oral tobacco products segment grew by 1.8% in adjusted OCI compared to Q2 2023, with nicotine pouches expanding by 12.3 share points year-over-year, now representing almost 42% of the category [4] - NJOY, acquired in June 2023, received FDA marketing granted orders for menthol e-vapor products and launched the NJOY ACE 2.0 device, contributing to a 14.7% increase in consumables and an 80% increase in device shipment volumes [4] - NJOY's retail share for consumables increased by 1.3 share points to 5.5%, while device share more than doubled from 11.6% in Q1 2024 to 25.4% in Q2 2024 [4] Capital Structure and Financial Health - Altria's debt to EBITDA ratio remains strong at 2.1x, with a focus on maintaining an investment-grade credit rating [4] - The company prioritizes a strong balance sheet to support shareholder interests and manage cash outflows effectively [4] Valuation and Growth Prospects - Altria's forward P/E multiple has expanded to 10x, slightly above the 5-year average, while British American Tobacco trades at a more attractive forward P/E of 7.7x [6] - The growth prospects for Altria remain stable and slightly positive, but the position has already appreciated by ~30%, leading to a decision to assign a hold rating [6] Dividend and Financial Outlook - Altria continues to offer an attractive dividend yield of ~7.7%, supported by solid financial prospects [5]

prchaec Things have been going quite well for shareholders of tobacco giant Altria Group, Inc. (NYSE:MO). Since I last rated the company a “hold” back in late April of this year, shares have skyrocketed by 15.3%. That's almost double the 8.6% increase seen by the S&P 500 (SP500) over the same window of time. This upside is also even though, on July 31st, shares declined by 3.1%. This was in response to management reporting financial results for the second quarter of the 2024 fiscal year. Revenue and adj ...

Altria Group NYSE: MO is one of the world’s “Big Three” tobacco companies and is in the consumer staples sector. Let's examine the firm’s business segments and the state of the cigarette market. We'll then review its Q2 2024 earnings report and examine the company’s growth areas.Get Altria Group alerts:Altria's Segments: Smokeable Products DominateAltria Group TodayMOAltria Group$49.67 +0.66 (+1.35%) 52-Week Range$39.06▼$50.85Dividend Yield7.89%P/E Ratio10.39Price Target$47.10Add to WatchlistAltria divides ...

Altria's Second-Quarter and First-Half 2024 Earnings Conference Call July 31, 2024 1 | ALCS | Q2 2024 | 7.31.24 | For Investor Purposes ONLY Safe Harbor Statement Statements, including earnings guidance, in this presentation that are not reported financial results or other historical information are "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates and expectations, and are not guarantees ...

Should investors treat sell-offs on this high-yield dividend stock as a buying opportunity?The stock of Altria (MO -2.99%) was losing ground Wednesday following the tobacco company's recent quarterly report. Its share price was down 4.3% as of 12:30 p.m. ET today, according to data from S&P Global Market Intelligence.Before the market opened this morning, Altria published second-quarter results that fell short of the market's expectations. The business posted adjusted earnings of $1.31 per share on sales of ...

Altria Group, Inc. (NYSE:MO) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Mac Livingston - Vice President of Investor Relations Billy Gifford - Chief Executive Officer Sal Mancuso - Executive Vice President & Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Matt Smith - Stifel Callum Elliott - Bernstein Faham Baig - UBS Gaurav Jain - Barclays Owen Bennett - Jefferies Operator Good day everyone and welcome to the Altria Group 2024 Second Qua ...