|Bid||2,270.00 x 0|
|Ask||2,399.00 x 0|
|Day's range||2,261.50 - 2,325.00|
|52-week range||2,233.00 - 3,375.50|
|Beta (5Y monthly)||0.32|
|PE ratio (TTM)||5.92|
|Forward dividend & yield||2.31 (9.97%)|
|Ex-dividend date||21 Dec 2023|
|1y target est||N/A|
Philip Morris International, Altria Group and British American Tobacco are part of the Zacks Industry Outlook article.
It was only six years ago that British American Tobacco (NYSE: BTI) spent a fortune to greatly expand its presence in the U.S. cigarette market. British American Tobacco's debt-heavy balance sheet is partially a result of this cigarette megadeal. Reynolds brought with it a portfolio of popular brands, including Newport, Camel, and American Spirit.
The Zacks Tobacco industry companies are gaining on pricing power and smoke-free product strength amid soft cigarette volumes and cost inflation. Philip Morris (PM), Altria Group (MO) and British American Tobacco (BTI) look well-placed.