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Altria Group, Inc. (NYSE:MO) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds.
On October 31, UBS analyst Faham Baig lowered the firm’s price target on Altria Group, Inc. (NYSE:MO) from $68 to $61 while maintaining a Neutral rating on the stock, as reported by The Fly. The analyst noted that the company’s third-quarter performance showed stronger-than-expected cigarette volumes, mainly supported by its lower-priced Basic brand.
While this mix impacted pricing, UBS does not expect heightened price competition, as Altria is expected to remain disciplined in its strategy to prevent further downtrading. The firm also anticipates that higher benefits from duty drawbacks could give the company more room to achieve mid-single-digit earnings growth over the next three years.
In Q3 2025, Altria Group, Inc. (NYSE:MO)’s smokeable products segment saw domestic cigarette shipment volumes fall 8.2%, mainly due to ongoing industry declines and market share losses, partly offset by trade inventory movements. Revenue from the segment totaled $16.2 billion.
The company continues to rely heavily on the US market, where cigarette use has steadily declined over the years. To adapt, Altria has been expanding into next-generation products through its Njoy brand, which offers both single-use vapes and pod systems. Though still a smaller part of the business, Njoy has been showing solid growth.
Altria Group, Inc. (NYSE:MO) produces and markets smokeable and oral tobacco products in the US, with leading brands such as Marlboro and Black & Mild.
While we acknowledge the potential of MO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Overlooked Dividend Stocks to Buy Right Now
Disclosure: None.
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