#3 - Altria Group (NYSE:MO)
Altria Group Inc. (NYSE: MO) is a consumer staples stock that falls into the category of sin stocks. Until the S&P 500’s recent rally, Altria was outpacing the S&P 500 in terms of stock price growth. And as of July 5, 2024, the 13.7% year-to-date gain in MO stock is within striking distance of the 16.7% gain in the S&P 500.
With cigarette smoking declining, Altria continues to pivot into reduced-risk products (RRP). In March 2023, Altria acquired NJOY and its e-vapor product portfolio, including NJOY ACE, the only pod-based e-vapor product to have received market authorizations from the FDA.
Among these dividend dynamos, Altria’s revenue and earnings growth is not going to blow away investors. Still, the company has generated an average five-year total return of $40.21. Furthermore, the company is a Dividend King that has increased its dividend for 55 consecutive years. That puts some teeth into the company’s dividend yield which is 8.51%.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.
Read More - Current Price
- $50.53
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $49.67 (1.7% Downside)
