Altria Group (MO) recently experienced a slight decline in trading, shedding 0.2% of value. It reported a shortcoming in Q2 earnings, but Revenue surpassed predictions. Altria Group was not able to keep up with its competitors on several trading days. Despite this, the company continues to be a preferred choice by institutional owners who hold 62% of the company. Altria, which pays an 8.6% yield, is supported by a long dividend streak. Several institutions, including Robeco Institutional Asset Management and GW&K Investment Management, significantly reduced their stock position in the company. However, Altria remains a high-yielding security, reaching a new 52-week high at $46.46. The group recorded mixed results in 2023 and announced a $1 billion share buyback. Wall Street analysts seem bullish on Altria, though some are skeptical of the business model's stability given the market shift towards smoke-free products. Altria exceeded market returns based on earning capacity and plans to expand share buyback. While it's stock performance fluctuated, investors still consider Altria as a high-yielding security worth keeping an eye on.
Altria Group MO News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 10:26:37 GMT -
Rating 0
- Innovation -3
- Information 4
- Rumor 2
