Altria: Don’t Be Fooled By The Market (Rating Downgrade)

Summary:

  • Altria Group stock has outperformed the market and its peers, as my bullish thesis played out accordingly.
  • The market will likely focus next on Altria’s ability to carve out its market leadership in smokeless products.
  • MO’s valuation metrics have narrowed relative to its sector peers and long-term averages.
  • Given the business transition risks, I assess the need for investors to reflect a reasonable discount.
  • As my MO bullish proposition played out to perfection, I explain why MO investors must not throw caution to the wind from here.
Altria office sign in Virginia capital city tobacco business closeup by road street, parent company of Philip Morris

krblokhin

Altria: Outperformance Played Out Accordingly

Since my last update in June 2024, Altria Group’s (NYSE:MO) investors have significantly outperformed the S&P 500 (SPX) (SPY) on a total return basis. In my bullish Altria article,


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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