|Bid||0.00 x 3200|
|Ask||0.00 x 1100|
|Day's Range||32.45 - 33.04|
|52 Week Range||30.67 - 71.44|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||1.48|
|Forward Dividend & Yield||2.72 (8.30%)|
|1y Target Est||44.72|
British American Tobacco (BTI) has seen its stock fall by more than 50% in the last 52 weeks, all while its financial performance has never been better. More importantly, the underlying business will survive any short-term market volatility. Warning! GuruFocus has detected 1 Warning Sign with WFC.
Negative headlines and poor market conditions sometimes conspire to create incredible bargains for true contrarians. International tobacco stocks like Altria Group , Philip Morris International and British American Tobacco fall into that category right now.
Brookfield Property Partners, Petmed Express, and British American Tobacco offer dividends even more refreshing than Coca-Cola.
Centrica was among the FTSE 100’s biggest fallers after Jefferies said the British Gas owner’s dividend was “hanging by a thread”. Operational problems, volatile commodity prices and the suspension of ...
The recent bear market has unveiled some incredible bargains in the market. Call it a stock market white sale. All the following stocks now sport price-to-earnings multiples under 12, and we’ve carefully picked through those with fat dividends that should be payable out of earnings going forward, for conservative investors of discriminating tastes. Ameriprise Financial (NYSE:AMP), the Minneapolis-based asset management company spun-out of American Express (NYSE:AXP) in 2005, was trading at $104 per share on Dec. 27.
As of December 27, Altria Group (MO) was trading at $48.70—a fall of 21.8% since the announcement of its third-quarter earnings on October 25. Altria is 32.8% lower than its 52-week high of $72.45. Altria’s shipment volume of smokeable products has declined.
The U.S. Food and Drug Administration has announced three policy proposals that will ban menthol in cigarettes, limit the marketing of flavors in vaping liquids, and ban flavored cigars. This represents the most concerted attempt to clamp down on the tobacco industry in 20 years. Tobacco stocks moved sharply downward after the November announcement, particularly in reaction to the potential for menthol prohibition.
Philip Morris (PM) witnesses receding cigarette sales volumes. Nevertheless, the company's advancement in low-risk tobacco alternatives is encouraging.
Two European tobacco stocks, (BATS) makers of Lucky Strike, Kool, and Newport cigarettes, and (PM)l, best known for its Marlboro brand, offer some stability for whipsawed investors. After being beaten up for most of this year, the shares of both British American (ticker: BTI) and Philip Morris (PM) are substantially undervalued, generally less volatile than the overall market, and yield huge dividends. “We believe that the most recent pullback in [British American] is excessive, and the current share price offers risk-tolerant investors a favorable entry point,” says a recent analysis from Argus Research, which sees the price potentially hitting $60, up more than 87% from $32.04 recently.
Philip Morris International (PM) was trading at $69.08 on December 21, close to its 52-week low of $68.74 and 61.0% below its 52-week high of $111.25. The stock has fallen 18.3% since Philip Morris announced its third-quarter results on October 25.
Altria's (MO) deal with JUUL to boost strength in reduced risk products realm. Further, the company reiterates earnings view for 2018.
Today, Altria Group (MO) announced a $12.8 billion investment in Juul Labs for a stake of 35% in the e-cigarette company. At a valuation of $38 billion, Juul Labs becomes one of the most valuable private companies. According to the agreement, Juul Labs will operate as an independent company and get access to Altria’s retail shelf space, where it can market its products to Altria’s customers using its database.
Altria (MO) is undertaking efforts to boost smokeless offerings. Per market reports, the company is considering an investment in Juul.
On December 19, CNBC reported that Altria (MO) is on the verge of acquiring a 35% stake in the Juul Labs, an e-cigarette company, for $12.8 billion. The report stated that Altria’s board approved the investment and expects the formal announcement to be made before the market opens on December 20. At a valuation of $38 billion, Juul Labs is a valuable private company. The growing popularity of e-cigarettes had a negative impact on cigarette sales.
Altria's board of directors has approved a $12.8 billion investment for a 35 percent stake in Juul that will value the e-cigarette company at $38 billion, people familiar with the matter told CNBC.
After several tireless days we have finished crunching the numbers from the more than 700 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30. The results of that effort will be put on display in this […]
Today, Reuters reported that Credit Suisse downgraded Philip Morris International (PM) from “neutral” to “underperform” and lowered its price target to $74 from $92. The new price target represents a fall of 9.1% from the company’s December 17 closing price of $81.40. Among the 19 analysts who follow Philip Morris, 52.6% recommend a “buy,” 36.8% recommend a “hold,” and 10.5% recommend a “sell.” On average, analysts have given the stock a price target of $93.25, which represents an upside potential of 14.6% from its closing price on December 17.
Stringent FDA regulations have led to fading cigarette sales that are plaguing the performance of Altria. Nevertheless, growth in RRPs looks encouraging.
“2019 will be a make-or-break year for alternative tobacco product manufacturers to regain control of the flavors debate,” says Stefanie Miller of Height Capital Markets in a note Friday.
By Muvija M (Reuters) - UK shares fell sharply on Monday, as a profit warning from online fashion store ASOS reverberated across Europe and reinforced woes about slow sales during the busy holiday season, ...