Altria Stock Continues to Be in a Downtrend
Altria (MO) is still in a downtrend as the growth opportunity from Juul and cannabis still hasn’t delivered returns.
Altria (MO) is still in a downtrend as the growth opportunity from Juul and cannabis still hasn’t delivered returns.
Altria (MO) stock is getting clobbered on Juul news, but the stock (MO) now yields 8% and profits just grew 7%.
Even though it just went from $40 to $50, Altria (MO) stock is a bargain with a 7% yield and an 11 P/E.
Vaping health concerns are bad news for Altria (MO), which just last year invested $13 billion in e-cigarette company Juul.
Altria (MO) is embarking on a new era of smoking as it moves into e-vapor and cannabis products as cigarette sales slump.
Last December, Altria (MO) announced it was investing in Cronos and Juul to jump into the cannabis and e-cigarette businesses.
Altria (MO) stock fell after news the FDA might ban Menthol cigarettes. In other news, MO is looking to get into the marijuana business.
Shares of Altria (MO) are looking good. Management just upped the dividend, and now the yield is 5.5%. The P/E of 15 is also good.
On April 19th, Philip Morris International missed sales estimates, sending shares of Altria (MO) lower. But Philip Morris is Intl, MO is U.S.
Philip Morris (MO) is down around its lows because interest rates are on the rise. I think investors are selling MO to buy bonds. But with a P/E of 16 this seems like the time to buy.