Altria Group (MO) explores a shift towards E-vapor and Nicotine pouches in response to the evolving market dynamics. Altria's shares surge by 50%, and its position is bolstered by LPL Financial LLC acquiring substantial shares. Performance hiccups, including market-share challenges, seem to dampen this value prospect. Altria continues to witness growth, driven largely by NJOY. Recent stock performance relatively underperforms in comparison with competitors.
Banque Cantonale Vaudoise holds a $246,000 stock position in Altria. An unexpected boost comes from RFK Jr.'s nomination, while the company hits a new 12-month high. Although earnings seem solid, the foundation appears shaky. Owned 60% by institutional investors, Altria also sees strong purchases by Banco Santander and multiple others. Despite market challenges, Altria registers strong EPS growth in Q3 2024. Altria is seen as a lucrative investment for passive income largely due to its resilient core tobacco business and growth in smoke-free products. The company's stock hits a 52-week high at $56.55 amid strong annual growth.
Altria Group MO News Analytics from Fri, 31 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 10:33:30 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor 2
