Altria Group Inc (MO)

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Buy-Rated Stocks With Dividends: Altria Group Inc. (NYSE: MO)
By: 24/7 Wall St. | May 15, 2023

• Altria

This maker of tobacco products offers value investors a great entry point now as it has been hit as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.

Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer, which some feel is worth more than $10 billion and may be a segment of the company that could be sold. When Altria posted outstanding fourth-quarter results, it also announced a shareholder-friendly $1 billion stock buyback plan.

Altria stock investors receive an 8.23% dividend. The Goldman Sachs target price is $52, while the consensus target is $49.62. The shares closed on Friday at $45.67.

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