Altria Q3 Review: Smoking Hot

Summary:

  • Altria Group, Inc.’s 2024 Q3 once again highlights its core strengths.
  • Non-traditional segments beginning to show early signs of promise.
  • MO stock still appears undervalued, with a multiple of 10 and a yield of 8%.

Altria office sign in Virginia capital city tobacco business closeup by road street, parent company of Philip Morris

krblokhin

Altria Group, Inc. (NYSE:MO) has just released its FY 2024 Q3’s results as Seeking Alpha has covered here. While pre-market price action can be fickle, it looks like Altria investors are set for a day


Analyst’s Disclosure: I/we have a beneficial long position in the shares of MO either through stock ownership, options, or other derivatives. 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.


Leave a Reply

Your email address will not be published. Required fields are marked *