Altria Group Inc (#MO) Stock Price, Live Chart & Analysis | Trade #MO

Interesting facts about the #MO (Altria Group Inc)

When opening his first tobacconist shop in Pittsburgh in 1822, George Weyman couldn’t imagine it would be the beginning of the U.S. Smokeless Tobacco Company, the largest smokeless tobacco firm in the world. In 1856, John Middleton founded a tobacco shop in Philadelphia, a predecessor of one of the US’ largest cigar manufacturers. In 1929, Philip Morris & Co. placed their new manufacturing hub in Richmond, Va. The focus on quality contributed to the company’s success. Soon, it was selling over half of all cigarettes sold in the US. Just to clarify, in 2008, Philip Morris International became a separate publicly traded company. It operates everywhere except in the US. Altria does business in the US through subsidiaries, including Philip Morris USA. Altria has been one of the leaders of the world’s tobacco industry.

Altria Group, Inc. stocks are traded on the New York Stock Exchange under the #MO ticker. The company’s shares are quite attractive as Altria pays dividends. It’s worth mentioning that MO dividends have been rising for years.

Altria Group, inc. operates in the smokeable products, oral tobacco products, and wine segments. As the tobacco industry isn’t the healthiest industry, there may be conflicts and government issues that will lead to a fall in the stock price. Moreover, despite the fact that Altria is one of the world’s leaders in the tobacco industry, its earnings and revenue growth are much slower than the US fast moving consumer goods industry average. Thus, it’s recommended to consider CFD trading, which allows traders to benefit from both the rise and fall in the asset’s price.

Altria keeps expanding its presence in the smokeless category. The range of the company’s oral products has been steadily rising. It may contribute to the growth of Altria’s earnings, thus, to the rise of the stock price. Also, trading Altria’s stocks, you should consider its rivals. The main competitors are Truett-Hurst, Imperial Brands, British American Tobacco, and Reynolds American. An expansion of any of them may hurt the company’s stocks. Thus, traders should consider the company’s earnings data, the internal conditions of the tobacco industry and consumer non-durables sectors, and government regulations.