Is Philip Morris or Altria the Better Value Stock?
Instead, investors on balance have been circling back to companies with lengthy operating histories, solid free cash flow, and proven business models. Tobacco giants Altria (NYSE: MO) and Philip Morris International (NYSE: PM) are prime examples of this evolving value tilt. Thanks to their well-above-average dividend yields (8.45% and 5.26%, respectively), these legacy tobacco companies have generated total returns on capital far in excess of the broader markets over the last 18 months.