International Assets Investment Management LLC has made a substantial investment in Altria Group, alongside
Fisher Asset Management LLC. Despite reported slightly declining revenue, Altria's Q1 2024 earnings met estimates. Notably, there has been heavy put volume, suggesting a bearish trend. Altria is making headlines due to its attractive
dividend yield. However, insider selling could be a concern for potential investors. The company is expected to pay substantial dividends this year, retaining investor attention, even though the market share appears fraught. Despite recent falls in price, Altria's financials remain strong; their EPS for Q1 2024 was reported at US$1.21. The company also announced a $1 Billion
buyback, marking a proactive financial strategy. Amidst these developments, Altria expanded its share buyback plans while announcing an intent to sell 35 million AB InBev shares. Dividend analysis suggests an attractive yield but concerns remain over potential dividend cuts due to projected revenue decline.
Altria Group MO News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Fri, 10 May 2024 08:26:07 GMT -
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