Altria Group Inc. has been trending in recent discussions. The tobacco company has had a series of both ups and downs. There is increased concern about the firm's
high dividend yield and the possible
compensation changes for its CEO. Despite these worries, the company's shares
outperformed competitors on a number of trading days and experienced
unusual options activity. The
Q1 2024 earnings call revealed slight declines in revenue but the EPS met estimates, maintaining
investor interest. Fisher Asset Management has expanded their holdings of the company, valuing the company's
dividend yield. Despite the share gains, some analysts recommend
selling the stock, due to potential risks and recent
declines in market share. Altria's earnings missed estimates despite notable
Q1 gains and
plans to expand share buybacks. Analysts are divided about buying, selling, or holding the stock. Further, the company announced plans to
sell a portion of its stake in Anheuser-Busch InBev. The
yield on Altria Stock remains attractive, despite losing 12% in value in 2023. It reaffirms the bullish sentiment of many investors due to its yield exceeding 9%.
Altria Group MO News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sun, 12 May 2024 18:24:00 GMT -
Rating 2
- Innovation -2
- Information 3
- Rumor -6
