Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-dividend-yielding stocks in the consumer staples sector: Altria Group, Philip Morris International, and Energizer Holdings. These stocks are often favored during market turbulence due to their high free cash flows and dividend payouts.
May 22, 2024 | 1:10 pm
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POSITIVE IMPACT
Energizer Holdings (NYSE:ENR) received an Overweight rating from Barclays and an upgrade to Equal-Weight from Morgan Stanley. The company posted better-than-expected quarterly earnings.
The positive analyst ratings and better-than-expected earnings suggest a favorable short-term outlook for Energizer Holdings. The dividend yield adds to its attractiveness during market volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Altria Group (NYSE:MO) has received mixed analyst ratings with a Buy from Stifel and an Equal-Weight from Morgan Stanley. Despite a 2.5% YoY sales decline in Q1 FY24, the company beat analyst estimates.
The mixed ratings and the fact that Altria beat analyst estimates despite a sales decline suggest a cautiously optimistic outlook. The high dividend yield also makes it attractive during market turbulence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Philip Morris International (NYSE:PM) has a Buy rating from Stifel and a Hold from Argus Research. The company reported a 9.7% YoY sales growth in Q1 FY24, beating analyst estimates.
The positive sales growth and the fact that it beat analyst estimates, combined with a high dividend yield, make Philip Morris International an attractive option during market uncertainty.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100