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Altria's growth stalls as smokable product sales decline, but dividends and cash flow keep it attractive with 12% upside.

Company Fundamentals
03 Aug 2026
Seeking Alpha
View Source
Neutral
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Altria's Q2 and H1 results showed flat revenue growth and ongoing challenges in expanding into e-vapor and oral tobacco markets. Despite these setbacks, the company maintains strong cash flow and pricing power, supporting a fair value estimate of $76 per share, implying a 12% potential gain. The current recommendation is to hold shares while awaiting clearer growth signals from new product segments before increasing investment positions.

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