Altria Group, Inc. manufactures cigarettes, oral tobacco products, and wine in the US. The company’s brands include Marlboro, Black & Mild, Copenhagen, Skoal, Red Seal, and Husky.
According to Morgan Stanley, Altria Group, Inc. is set to have only an upside after the FTC administrative trial. As a result, the firm retained its Overweight rating and $52 price target on the company. Altria Group, Inc. is also a high-dividend-yielding stock with a 7.24% dividend yield, making it a good investment option for income investors.
In the first quarter of 2021, Altria Group, Inc. had an EPS of $1.07, beating estimates by $0.02. However, the company’s $4.88 billion revenue missed estimates by $108.51 million. Altria Group, Inc. has a gross profit margin of 65.28%, and the stock also has a forward PE ratio of 10.39 and has gained 14.75% in the past six months and 16.38% year to date.
Altria Group, Inc. would be an asset to any investor’s portfolio.