Investors are considering buying big tobacco stocks Altria Group and Philip Morris International

From Zacks Investment Research: 2024-09-04 17:36:26

Big tobacco giants Altria Group and Philip Morris International have seen their stocks rise over +30% this year. Their profitability has been boosted by the adoption of smoke-free products, leading to increased profitability and expansion into international markets. Altria’s annual earnings are expected to increase by 3% in fiscal 2024 and 4% in FY25. Meanwhile, Philip Morris’ bottom line is projected to expand 7% this year and another 10% in FY25. Altria has a more affordable valuation and a dividend yield of 7.25%, while Philip Morris has a higher bottom-line expansion rate. Both stocks offer enticing dividends and remain viable long-term investments.



Read more at Zacks Investment Research: Time to Buy These Big Tobacco Stocks for Higher Highs? – September 4, 2024