5 top tobacco stocks to buy in 2024

The best tobacco stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular tobacco stocks picks to buy in 2024

We round up a selection of stocks in or related to the cigarette industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Philip Morris International (PM)
2. Universal Corporation (UVV)
3. Altria Group (MO)
4. British American Tobacco p-l-c (BTI)
5. Vector Group (VGR)

Compare premium accounts that help you research stocks

The tobacco stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering tobacco stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

How to invest in tobacco stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like PM or UVV.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into tobacco stocks

If you're interested in investing in the cigarette industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Philip Morris International (PM)

Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

Philip Morris International stock opened the day at $95.80 after a previous close of $96.09. The latest price was $95.07 (25-minute delay). Philip Morris International is listed on the NYSE, has a trailing 12-month revenue of around USD35.2 billion and employs 82,700 staff.

• Market capitalization: $141,774,962,688
• P/E ratio: 18.1673
• PEG ratio: 1.9936

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2. Universal Corporation (UVV)

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

Universal Corporation stock opened the day at $51.12 after a previous close of $51.25. The latest price was $50.78 (25-minute delay). Universal Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$2.7 billion and employs 11,200 staff.

• Market capitalization: $1,264,536,832
• P/E ratio: 9.6729
• PEG ratio: 0

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3. Altria Group (MO)

Altria Group, Inc. , through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

Altria Group stock opened the day at $43.43 after a previous close of $43.54. The latest price was $43.29 (25-minute delay). Altria Group is listed on the NYSE, has a trailing 12-month revenue of around USD$20.5 billion and employs 6,400 staff.

• Market capitalization: $73,720,676,352
• P/E ratio: 9.3917
• PEG ratio: 6.3149

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4. British American Tobacco p-l-c (BTI)

British American Tobacco p. l. c. engages in the provision of tobacco and nicotine products to consumers worldwide.

British American Tobacco p-l-c stock opened the day at $29.32 after a previous close of $29.40. The latest price was $29.42 (25-minute delay). British American Tobacco p-l-c is listed on the NYSE, has a trailing 12-month revenue of around USD$27.3 billion and employs 46,725 staff.

• Market capitalization: $65,770,070,016
• PEG ratio: 3.149

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5. Vector Group (VGR)

Vector Group Ltd. , through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate.

Vector Group stock opened the day at $10.36 after a previous close of $10.33. The latest price was $10.31 (25-minute delay). Vector Group is listed on the NYSE, has a trailing 12-month revenue of around USD$938 million and employs 551 staff.

• Market capitalization: $1,583,137,408
• P/E ratio: 8.6552
• PEG ratio: 2.96

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Compare more stock trading platforms to invest in tobacco stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in tobacco stocks.

Bottom line

While it’s possible to turn a profit investing in tobacco stocks, keep in mind that — like any investment — tobacco stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the cigarette industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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