Altria Group Inc (MO) is currently trading at $54.62 a share, down from a five-year high near $80 a share back in the summer of 2017. The drop is primarily due to fears about the declining smoking industry and the perception that Altria overpaid for their stake in E-cigarette maker JUUL. Along the same line fears have increased over the campaign against E-cigarettes and the accompanying threat of Federal or State regulation. We believe these risks remain relatively small and Altria’s current price represents a great entry point into a 6% yielding stock with moderate growth potential.

Altria Group Inc is an American tobacco producer with a diversified portfolio of leading brands such as Marlboro, Black & Mild, Copenhagen, Skoal and IQOS. Additionally, Altria maintains a 10% stake in Budweiser producer Anheuser Busch InBev SA/NV (BUD), 35% stake in E-vapor king JUUL and a 45% stake in the cannabis company Cronos Group (CRON).

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