Mario Tama My most recent coverage of my favorite stock, Altria Group, Inc. (NYSE:MO) was more than three months ago in December 2023. I had rated the stock a "Buy", urging investors to buy on the weakness triggered by a move by peer British American Tobacco p.l.c. (BTI). Since then, the stock has returned about 9% compared to the market's 12% return. Despite my liking for the stock, had someone told me at the time of my previous article that Altria's stock would outperform the S&P 500 in the first quar ...

Altria (MO -0.93%) hasn't had a lot of good news to report lately, but investors were cheering its latest move on Thursday, which will raise billions in cash.The Marlboro maker said it would sell a significant percentage of its stake in Anheuser-Busch InBev (BUD -0.34%). News of the sales sent the high-yielding dividend stock up 2.2% on Thursday.In a filing, Altria said it plans to sell 35 million shares of Anheuser-Busch through a public offering at $61.50 a share, and in addition, it would sell $200 milli ...

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 ...