Why Shares of Altria Group Soared in April
Shares of Altria Group (NYSE: MO) zoomed 10% higher in April, according to data from S&P Global Market Intelligence. The tobacco giant and owner of the Marlboro brand in the United States is producing steady earnings growth through price increases while returning capital to shareholders through dividends and share repurchases.
It reported earnings in late April, yet again pleasing investors. Here's why Altria Group stock was up again in April, and whether now is a good time to buy the stock.
Despite cigarette usage declining in the United States, tobacco companies like Altria Group are able to consistently grow earnings because of price increases on packs of cigarettes sold to retailers. Smokeable products net revenue after taxes grew 5.2% year-over-year in the first quarter of 2026, while operating earnings grew 8.3% due to better profit margins on every pack of Marlboro's sold.
Source Fool.com
