altria
Altria stock is rising after beating on the bottom line and announcing a $1 billion share buyback program.The earnings beat is due to higher prices that, for now, are overcoming slumping sales.Altria is trying to expand away from its core tobacco business.MO stock can be held for its dividend now, but when investors start to look for growth there are better options.5 stocks we like better than Altria GroupOn a day when it’s important for companies to beat on earnings, Altria Group, Inc. (NYSE:MO) delivered. The company reported better-than-expected earnings per share (EPS) of $1.18, which was ...
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Altria Is A Cash Generating Dividend PowerhouseAltria (NYSE:MO) is a hard stock to own because of its underlying business but a lot of people still do. The main reason is the massive amounts of cash the tobacco industry brings in and the whopping 8.2% dividend yield the stock is currently paying. If you are thinking the dividend is too high and a red flag, think again. This company is in business for two things and one of them is paying dividends. The long-term objective is to pay out 80% of the earnings which means there is a double tailwind for dividend growth. One of those tailwinds is the ...
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Q2 2022 hedge fund letters, conferences and more PerspectivesThe most contentious issue with this stock is that the FDA has moved to ban Juul Labs from selling its devices and types of pods. A federal court recently blocked this ban while Juul labs are appealing. This is a problem for Altria as it currently has a 35% stake in the company worth $1.7B and is causing price compression for its stock. There are various takes someone can make about FDA's ban that can affect Altra's long-term value as an investment. The first is that the ban on Juul products has already been priced in, meaning that t...
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