Altria (MO) closed at $43.87 in the latest trading session, marking a -0.93% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.65%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.96%.Heading into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 10.23% over the past month, outpacing the Consumer Staples sector's gain of 2.58% and the S&P 500's gain of 3.27% in that time.The investment community wil ...

Altria Group, Inc. (MO) concluded the divestiture of a portion of its stake in Anheuser-Busch InBev SA/NA. Concurrently, the tobacco behemoth expanded its share repurchase program. Taking these into account, the company raised its bottom-line view for 2024. More on DivestitureAltria divested 35 million shares of Anheuser-Busch InBev SA/NA via a global secondary offering. The deal includes a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public ...

Altria Group, Inc. (MO) unveiled intentions to divest a portion of its stake in Anheuser-Busch InBev SA/NA via a global secondary offering.This offering includes various components, including a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public offering of ABI ordinary shares in the United States, simultaneous private placement of ABI ordinary shares in the European Economic Area and the United Kingdom and an offering of ABI ordinary shares ...

Altria (MO) closed at $43.35 in the latest trading session, marking a +0.7% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.54%.Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 7.01% over the past month. This has outpaced the Consumer Staples sector's gain of 1.63% and the S&P 500's gai ...

Mario TamaIn my previous update on Altria Group (NYSE:MO), I articulated that MO was working hard to establish a bottom. Over the past two months, MO's performance has slightly trailed the S&P 500 (SP500) but remained resilient. As a result, I assessed that buying momentum on MO has strengthened as investors returned to the well-battered stock, taking advantage of its cheap valuation and robust forward dividend yields. MO Quant Grades Vs. Peers (Seeking Alpha)MO is assigned a best-in-class "A" valuation ...

Altria (MO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this owner of Philip Morris USA, the nation's largest cigarette maker have returned +7%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Tobacco industry, which Altria falls in, has gained 3.7%. The key question now is: What could be the ...

Tobacco stocks have long been ripe territory for income investors, and after years of consolidation and decline, the industry has been whittled down to three major players: Altria (MO 0.77%) and Philip Morris International (PM 1.28%), which were once part of the same company; and British American Tobacco. BAT deserves consideration from income investors open to tobacco stocks, but here we'll focus on just Altria and Philip Morris, two companies with similar product portfolios and who have a history of worki ...

Mario Tama Altria Group, Inc. (NYSE:MO) has seen its share price continue to stagnate with an almost double-digit dividend yield. The company has either not been in the news at all or in the news for all the wrong reasons, such as an ill-timed, incredibly expensive investment into Juul. Despite that, the company stays true to its roots as a "sin" stock focused on driving substantial long-term shareholder returns. Altria Smoker Transition The company is working to a transition in smoking, as nicotine addicti ...

In the latest trading session, Altria (MO) closed at $41.55, marking a +0.24% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.03%. At the same time, the Dow added 0.34%, and the tech-heavy Nasdaq gained 1.51%.The owner of Philip Morris USA, the nation's largest cigarette maker's stock has climbed by 2.96% in the past month, exceeding the Consumer Staples sector's loss of 0.65% and lagging the S&P 500's gain of 3.21%.The investment community will be paying close ...

PM Images The markets had another good week as the S&P 500 increased by 0.84% and the Nasdaq jumped 1.59%. We're less than 2 weeks away from the next Fed meeting, and there is a 96% chance that rates will stay where they are. I am looking forward to listening to Chair Powell's speech and seeing if anything changes in his delivery. The economy is hot, and I think his comments will be critical to the current rally. Many commentators have been incorrect on timing the Fed's actions, as they have stayed in a ...