Altria Group (MO) consistently emerges as a robust player in the investment landscape, attracting attention from respected entities such as the
Bank of America Securities who issued a 'Buy' rating. The company's strong
cash flows coupled with frequent
dividend increases underscores its appeal as a relatively stable investment, even amidst market volatility. One such example is the 3.9% raise in their quarterly dividend to $1.06, marking the company's 60th consecutive dividend increase. The stock has hit a 52-week high at $66.29 USD with the price target risen to $72, further endorsing the investor confidence in the stock. A consistently high
dividend yield (presently at 6.85%) and
Bullish technicals slated amid evolving tobacco trends contribute to a promising image. Despite concerns of a potential overbought situation, UBS upgrades Altria (MO), foreseeing stability in earnings due to a crackdown on E-cigarettes. However, potential
risks are also present, including challenges with
debt issuance, share buyback strategies, and shifting market dynamics for tobacco products.
Altria Group MO News Analytics from Tue, 19 Nov 2024 08:00:00 GMT to Sat, 23 Aug 2025 10:06:55 GMT -
