Trump signs order raising Canada tariffs to 35% from 25%
Altria Group (NYSE:MO) stock reached a new 52-week high of 61.28 USD, marking a significant milestone for the tobacco giant. With a market capitalization of $101 billion and an attractive P/E ratio of 9.9, the company maintains impressive gross profit margins of 71%. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. Over the past year, Altria Group has seen a notable increase, with a 1-year change of 23.91%. This recent peak reflects investor confidence and interest in the company’s performance and future prospects. The stock’s upward trajectory is indicative of Altria’s strategic initiatives and market positioning, as it continues to navigate the evolving landscape of the tobacco industry. The company offers a substantial 6.87% dividend yield, demonstrating its commitment to shareholder returns. InvestingPro subscribers can access 13 additional key insights about Altria’s financial health and growth prospects.
In other recent news, Altria Group has extended its $3 billion credit agreement by one year to 2029. This extension, involving JPMorgan Chase (NYSE:JPM) Bank and Citibank as administrative agents, maintains all other terms of the original agreement. Additionally, the Food and Drug Administration has authorized Juul Labs’ e-cigarettes to remain on the U.S. market, impacting various tobacco stocks. Jefferies has initiated coverage on Altria with an Underperform rating, citing risks to its U.S. combustibles business due to declining volumes and consumer downtrading. Conversely, UBS has upgraded Altria’s stock rating to Neutral, noting an improved outlook due to increased enforcement against illicit vape products. Moreover, Altria has announced a temporary suspension of trading under its employee benefit plans due to a transition in trustee services. This blackout period is set to occur in July 2025, affecting the company’s Deferred Profit-Sharing Plans. These developments reflect a dynamic period for Altria Group, with implications across its financial and operational activities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.