NEW YORK, June 2, 2017 /PRNewswire/ --
Companies in the Cigarette space have often been coveted by dividend investors given the relatively inelastic demand for their products. These firms are also well known for dividend consistency and payout yields that are typically much higher than average. Pre-market, Stock-Callers.com reviews the following four stocks: Altria Group Inc. (NYSE: MO), Philip Morris International Inc. (NYSE: PM), Reynolds American Inc. (NYSE: RAI), and British American Tobacco PLC (NYSE MKT: BTI). Learn more about these stocks by accessing their free research reports at:
Richmond, Virginia headquartered Altria Group Inc.'s shares saw a slight drop of 0.05%, finishing Thursday's trading session at $75.40. A total volume of 6.80 million shares was traded, which was higher than their three months average volume of 6.33 million shares. In the last month and since the start of this year, the stock has advanced 6.45% and 11.51%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 4.68% and 10.13%, respectively. Moreover, shares of Altria Group, which through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the US, have a Relative Strength Index (RSI) of 78.39.
On May 25th, 2017, Altria Group announced that the US FDA has filed Philip Morris International's (PMI) Modified Risk Tobacco Product (MRTP) application for its electronically-heated tobacco product. The FDA has now started substantive science review of the MRTP application. PMI submitted the MRTP application to the agency on December 05th, 2016. Free research report on MO is available at:
On Thursday, shares in New York-based Philip Morris International Inc. recorded a trading volume of 4.72 million shares, which was above their three months average volume of 4.23 million shares. The stocks ended the session 0.92% higher at $120.90. The Company's shares have gained 9.44% in the last one month, 10.11% over the previous three months, and 32.15% on an YTD basis. The stock is trading 6.67% above its 50-day moving average and 19.23% above its 200-day moving average. Furthermore, shares of Philip Morris, which through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products, have an RSI of 77.72.
On May 22nd, 2017, Philip Morris released its second Scientific Update for Smoke-Free Products, a regular publication on the Company's research efforts to develop and assess a range of potentially reduced-risk alternatives to cigarettes. The focus of the issue details the product design and manufacturing behind MESH, the new generation of e-vapor technology that the Company is currently test marketing in Birmingham, UK. MESH is one of the four, smoke-free product types developed by the Company, along with IQOS. The complimentary research report on PM can be downloaded at:
Shares in Winston-Salem, North Carolina headquartered Reynolds American Inc. ("RAI") closed at $67.37, climbing 0.18% from the last trading session. The stock recorded a trading volume of 11.62 million shares, which was above its three months average volume of 5.02 million shares. The Company's shares have gained 3.85% in the last one month, 9.38% over the previous three months, and 20.22% since the start of this year. The stock is trading 4.52% and 18.21% above its 50-day and 200-day moving averages, respectively. Additionally, shares of RAI, which through its subsidiaries, manufactures, and sells cigarettes and other tobacco products in the US, have an RSI of 70.00.
On May 25th, 2017, research firm Piper Jaffray initiated a 'Neutral' rating on the Company's stock, with a target price of $67 per share.
On May 30th, 2017, RAI announced its proposed leadership team after the anticipated third-quarter acquisition of the Company by British American Tobacco PLC ("BAT"). Debra A. Crew will remain as president and CEO of RAI. Should the acquisition be successfully completed, Ms. Crew will report to Nicandro Durante, BAT's President and CEO. Visit us today and access our complete research report on RAI at:
British American Tobacco
London, the UK headquartered British American Tobacco PLC's stock ended 0.28% higher at $72.32. A total volume of 2.69 million shares was traded, which was above their three months average volume of 2.01 million shares. The Company's shares have advanced 5.85% in the last one month, 13.35% over the previous three months, and 28.37% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.13% and 16.89%, respectively. Furthermore, shares of BTI, which engages in the production and sale of tobacco products, have an RSI of 68.35.
On May 25th, 2017, research firm Piper Jaffray initiated an 'Overweight' rating on the Company's stock. Get free access to your research report on BTI at:
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