5 Undervalued Defensive Stocks For 2024

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In this article, we discuss the 5 undervalued defensive stocks for 2024. To read the detailed overview of the market and defensive stocks, go directly to the 15 Undervalued Defensive Stocks For 2024.

5. Altria Group, Inc. (NYSE:MO)

PE ratio as of December 22 market close: 8.24

Number of Hedge Fund Holders: 40

Altria Group, Inc. (NYSE:MO) is a Virginia-based company that develops and markets tobacco, cigarettes, and related products.

On December 6, Altria Group, Inc. (NYSE:MO) announced a quarterly dividend of $0.98, payable by January 10 to the shareholders of record on December 21. The stock’s dividend yield was a hefty 9.71% as of the December 22 market close.

According to Insider Monkey’s database, the number of hedge funds with a stake in Altria Group, Inc. (NYSE:MO)’s stock was 40 in Q3, down from 43 in Q2, but the total investment value increased to $565.188 million in the third quarter from second quarter’s $446.269 million.

Follow Altria Group Inc. (NYSE:MO)

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