Altria and Philip Morris Lead Tobacco Stocks Higher

Tobacco stocks have been on an incredible run as of late.

Five Star Equities examines investing opportunities in the tobacco industry and provides equity research on Altria Group, Inc.  and Philip Morris International, Inc. .

A recent article from the Financial Times (FT) argues that Tobacco use is still rising — although the majority of established markets have stalled and approximately four in every five smokers are in developing economies. “Where there is potential for faster growth in emerging markets than in mature, it will be driven by pricing and trading up,” Oriel Securities analyst Chris Wickham told FT.

Altria PMI

Logos of Altria and Philip Morris International

Global Industry Analysts Inc. (GIA) recently issued a report stating that major factors driving emerging market tobacco growth include rising demand for international brands and favorable socio-economic factors.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. Last month the company announced that its Board of Directors declared a regular quarterly dividend of $0.41 per common share, payable on April 10, 2012, to shareholders of record as of March 15, 2012.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products.

Similar Posts:

Advertisement

Go to Smartblog Theme Options -> Ad Management to enter your ad code (300x250)

No comments yet.

Leave a Comment