Where Will Altria Stock Be in 5 Years?
The domestic tobacco leader is still growing at a slow-but-steady rate.
Altria (NYSE: MO), the largest tobacco company in America, is a divisive stock. The bulls love its stable earnings growth and rising dividends, but the bears claim it will eventually run out of room to grow as smoking rates decline.
For now, the bulls are winning. Over the past five years, Altria's stock rallied nearly 40% and delivered a total return of almost 110% after including its reinvested dividends. But can it keep climbing higher over the next five years?
Below, I'll check in on its business model, its long-term plans to diversify away from cigarettes, and its valuations to decide.
