|Bid||49.92 x 1400|
|Ask||49.93 x 1200|
|Day's Range||49.81 - 50.25|
|52 Week Range||42.40 - 66.04|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||15.21|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||3.20 (6.38%)|
|1y Target Est||58.73|
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Wells Fargo argues that Altria’s recent price increases demonstrate the tobacco giant’s pricing power—and its ability to compete even in the face of e-cigarette popularity.
An unexpected price increase for nearly all of the tobacco maker’s brands, emphasizes Altria’s pricing power and will be followed by the rest of the industry, Wells Fargo says.
Bank of America sees 39% upside in this marijuana stock, but a lot would need to go right for that to happen.
Cronos Group stock was rising thanks to a two-notch upgrade from Bank of America Merrill Lynch, which argues that a move into the U.S. CBD market could be a huge opportunity for the company.
Altria stock hasn’t performed well this year, but Wells Fargo believes there’s still a bull case to be made for the stock, especially given the company’s valuable partnership with marijuana company Cronos Group.
Altria Has Fallen ~8.0% since Its Last Earnings: What’s Next?(Continued from Prior Part)Valuation multipleThe decline in Altria Group’s (MO) stock price since the announcement of its first-quarter earnings has lowered its valuation multiple. As
Altria Has Fallen ~8.0% since Its Last Earnings: What’s Next?Stock performanceAs of May 30, Altria Group (MO) was trading at $50.21—a fall of 8.2% since its first-quarter earnings on April 25. The company is trading at a discount of 24.0% from
Altria Group, Inc. (Altria) (MO) today announces that it has entered into definitive agreements with the shareholders of Burger Söhne Holding AG (the “Burger Group”), based in Switzerland, to acquire 80% ownership of certain companies of the Burger Group that will commercialize on! products worldwide. “We’re excited to add on! to our companies’ terrific non-combustible portfolio,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “Through our companies and investments, we have access to the leading products and brands in the moist smokeless tobacco, e-vapor and heated tobacco categories.
Altria will invest $372 million to sell On, an oral-derived nicotine pouch brand, adding another nicotine product to its growing portfolio.
Those who hold tobacco stocks have a responsibility to engage with these companies to encourage them to transform their business models to one whose success is not based on selling addictive, cancer-causing products.