Recent Buy: Altria Group, Inc. (MO) x 2

ID-100426334 Recent Buy: Altria Group, Inc. (MO) x 2I added more shares to my portfolio with the purchase of Altria Group, Inc. (MO)

22 shares @ $58.48 on 8/29/2018.

This increases my forward 12-month dividend income by $61.60 to a total of $6,415.94

I also updated my portfolio page to reflect the change.

 

 

 

My Thoughts

So after going over 5 years without buying more shares of this company, This will be my 2nd buy in as little as a month.

I was able to buy the same amount of shares as my last buy, but this time I was able to pick up $0.25 cheaper. No big deal when its 5-10 years down the road.

I would have added more but MO had a POP and it now sits at $62.44. I would buy more when it nears a dividend yield of 5.50%. Even though the company is undervalued, I would still like to buy it when it is around 5.50% yield.

Based on 2018 earnings of $3.99 and a 5-year PE average of 17.42, The company fair valued is $69.51. This tells us that the stock is 10% undervalued.

If I was just starting out and had no shares of MO, I would be definitely be buying even after the recent pop. This company has a great dividend history and they add value to shareholders.

This is why I still think that Altria Group is a BUY.

 

Screen-Shot-2018-09-17-at-5.51.17-PM Recent Buy: Altria Group, Inc. (MO) x 2

Source: FastGraphs.com

 

What do you think of the company? Plan on owning it or buying more shares? or why not?

 

Thanks for reading, and don’t forget to connect with me through Facebook and Twitter.

 

Image by Sira Anamwong at FreeDigitalPhotos.net

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