Philip Morris
This company has continued to grow global market share and its stock makes good sense for total return investors now. Philip Morris International Inc. (NYSE: PM) is one of the largest international cigarette producers, with a share of 28% of the international cigarette/heated tobacco market. Key combustible brands include Parliament, L&M and Marlboro, one of the most valuable brands in the world.
Philip Morris is commercializing IQOS, a heat-not-burn product, in over 40 markets, which could drive earnings in the years to come. Most on Wall Street believe the company offers superior underlying growth prospects, both near term and long term. The share price has been weak of late as investors have questioned the growth potential of its reduced-risk products, and the overall market weakness has contributed. All of its sales are outside of the United States.
Shareholders receive a 5.08% dividend. Philip Morris International stock has a $120 price objective at Goldman Sachs. The consensus target is $113.29, and shares closed well below both levels at $99.97 on Friday.
Walmart
The retail giant is a top idea for investors looking for winners during difficult times. Walmart Inc. (NYSE: WMT), the world’s largest retailer, operates retail stores under the formats of Walmart Stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States, as well as a growing e-commerce business. Internationally Walmart also operates locations in several countries, including Argentina, Brazil, Canada, China, Japan, Mexico and the United Kingdom.
Each week, nearly 260 million customers and members visit the company’s 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. It had fiscal 2021 revenue of nearly $560 billion, and Walmart employs approximately 2.2 million associates worldwide.
The dividend yield is 1.51%. The KeyCorp price target is $175, and the consensus target is $164.73. Walmart stock closed on Friday at $150.97.
These top stocks have reasonable upside to the Wall Street price targets, and they all come with dependable dividends. With even moderate appreciation in their share prices, investors should be looking at double-digit total return potential. In addition, the squeeze put on everybody’s pocketbooks makes all these attractive, especially in the consumer arena, as they should easily ride the storm out until prices stabilize.
Originally published at 24/7 Wall St.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
