The Simple Reason Why I Won't Buy Altria Group Stock
Altria (NYSE: MO), the largest tobacco company in America, is generally considered a solid income investment. The company has hiked its dividend every year since spinning off its international business as Philip Morris International (NYSE: PM) in 2008, and it currently pays a forward yield of 4.2%.
I once owned Altria, but eventually sold it and bought some telecom stocks instead. But I've still been watching Altria to see if it's worth buying again. The stock seems cheap at 8 times earnings, but that P/E was reduced by the one-time windfall it received from AB InBev's (NYSE: BUD) buyout of SABMiller. Its forward P/E of 18 is more in line with its industry peers.
Source: Pixabay.
Source: Fool.com
Philip Morris International Aktie
104,40 €
1,49 %
Einige Buy-Einschätzungen dominieren bei Philip Morris International gegenüber Sell-Einschätzungen.
Das Kursziel von 108 € für Philip Morris International impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 104.4 €.
