Tuesday, April 1, 2014

Altria (MO)

MO in the news today:

Altria Group, Inc. (MO) (Altria) (NYSE:MO) today announced that its subsidiary, Nu Mark LLC (Nu Mark), has completed the acquisition of the e-vapor business of Green Smoke, Inc. and its affiliates. The transaction is valued at approximately $110 million in cash and up to $20 million in incentive payments.
Additional information regarding the transaction is available atwww.altria.com.
Altrias Profile
Altria directly or indirectly owns 100% of each of Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLCJohn Middleton Co., Nu Mark, Ste. Michelle Wine Estates Ltd. (Ste. Michelle) and Philip Morris Capital Corporation. Altria holds a continuing economic and voting interest in SABMiller plc.
The brand portfolios of Altrias tobacco operating companies include Marlboro®, Black & Mild®, Copenhagen®, Skoal® and MarkTen". Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle®, Columbia Crest®, 14 Hands® and StagsLeap Wine Cellars®, and it imports and markets Antinori®, Champagne Nicolas Feuillatte" and Villa Maria Estate" products in the United States. Trademarks and service marks related to Altria referenced in this release are the property of Altria or its subsidiaries or are used with permission. More information about Altria is available at altria.com.
Altria was one of the first individual stocks in the portfolio, dating back to September, 2010.  My average cost is $24 and change, and today's close was $37 and change.  MO pays a very nice dividend, and has an amazing portfolio of U.S. brands, as mentioned above.  Here is a FASTGraph of MO today:

A nice steady grower, large dividend, diverse brands, very shareholder friendly.  I'll continue to hold and let the position grow.  In fact, I added MO's brother PM earlier this year on some weakness to get some international exposure.  I consider both to be good core dividend growth stocks until the lawyers put tobacco companies out of business....

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