News
MO
43.55
+0.02%
0.01
Altria CEO Urges FDA Crackdown On Illicit Vape Products: Report
Chief Executive Officer Billy Gifford criticized the FDA’s enforcement scale and scope. Altria reported a first-quarter sales decline of 2.5% year-on-year to $5.58 billion. The maker of Marlboro reportedly urged the U.S. Food and Drug Administration to combat illegal vape products.
Benzinga · 1h ago
Altria Group: Q1 Earnings Reaffirmed My Bullish Sentiment As The Yield Exceeds 9%
Seeking Alpha · 2h ago
Altria Group's Market Share Woes Warrant Attention
Altria Group reported Q1 revenue that fell short of expectations, with a decline in sales from its Smokeable Products operations. The company's core business is in decline, although its smokeless products show potential for the future. Management is reducing debt and buying back stock, but caution is still warranted due to the company's declining market share.
Seeking Alpha · 6h ago
Analysts’ Top Consumer Goods Picks: Boston Beer (SAM), Altria Group (MO)
TipRanks · 6h ago
11 Blue Chips For A 4% Yielding Sleep Well At Night Dividend Growth Portfolio
11 Blue Chips For A 4% Yielding Sleep Well At Night Dividend Growth Portfolio. A comfortable or even rich retirement requires passive income, or you'll work until you die. A balanced portfolio that includes high-yield blue chips, growth stocks, and ETFs can optimize income growth in retirement. The power of triple compounding harnesses the power of dividends and growth to generate maximum long-term income.
Seeking Alpha · 7h ago
3 High-Yield Dividend Stocks for Market Crash Protection
Three dividend-paying stocks can defend your portfolio against a market crash. Exxon Mobil, The Coca-Cola Company and Altria Group are among the best defensive stocks. Exxon has raised its dividend for 41 consecutive years and is a Dividend Aristocrat. The tobacco company Altria is also a D dividend king with a 9.31% dividend yield.
Investorplace · 7h ago
CRONOS GROUP INC - ENTERED INTO A VOTING AGREEMENT WITH ALTRIA GROUP, INC
Reuters · 21h ago
CRONOS GROUP-AGREEMENT PROVIDES ALTRIA WILL VOTE, OR CAUSE TO BE VOTED, ALL OF SHARES OF CO OWNED BY ALTRIA AT 2024 MEETING IN FAVOR OF CO’S PROPOSALS
Reuters · 21h ago
Smokeless Products Are the Future of Big Tobacco. This Company Is Losing the Race.
Tobacco giants Philip Morris International and Altria Group report first-quarter earnings. Smokeless products account for nearly 40% of Philip Morris' revenue. Altria has been more focused on e-cigarettes. Philip Morris has made strides in heated tobacco sticks and oral nicotine pouches. The tobacco giants are betting on smokeless alternatives to replace cigarette sales.
Barron‘s · 21h ago
Altria Group, Inc. Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2024
Press release · 23h ago
How I Would Invest $100k In Today's Market To Collect A Safe Near 9% Yield
Four stocks to invest $100k in today to collect a near 9% yield: Verizon, Starwood Capital, Altria, and Ares Capital. The rapid rise in interest rates has caused dividend stocks to fall out of favor. These stocks offer high dividend yields, strong fundamentals, and attractive valuations.
Seeking Alpha · 1d ago
BUZZ-U.S. STOCKS ON THE MOVE-Loar, Regeneron, Intel
U.S. Stocks slumped on Thursday. Dow Jones Industrial Average was down 1.15% and the S&P 500 was down 0.76%. Most megacaps fell after Meta Platforms' quarterly results. Newmont Corp. Was the top percentage gainer on the NYSE and the Nasdaq.
Reuters · 1d ago
Stocks Drop, Tech Tumbles With Meta's Weak Outlook, Q1 Stagflation Fears; Gold Miners Advance: What's Driving Markets Thursday?
U.S. Economy grew by a slower-than-expected 1.6% in the first quarter of 2024, missing expectations of 2.5%. Meta Platforms Inc. Saw its worst day since October 2023 as its revenue forecasts were lower than expected. The S&P 500 and the tech-heavy Nasdaq 100 dropped by 1% and 1.2% in Thursday's session. Gold miners in the spotlight following stronger-than expected quarterly results from Newmont Corp.
Benzinga · 1d ago
Altria Group (MO) Q1 2024 Earnings Call Transcript
NASDAQ · 1d ago
Smokers Are Trading Down to Cheaper Cigarettes -- Market Talk
discount brands represented 29.1% of total U.S. Cigarette sales in the 1Q 2024, Altria says. Chief executive says lower-income consumers are feeling squeezed. Altria is investing in price promotions and leaning into its cheaper Marlboro Black brand to appeal to those smokers.
Dow Jones · 1d ago
Wall Street Lunch: Here Comes The Stagflation Debate
U.S. Q1 GDP fell to an annual pace of 1.6%, the slowest pace in 2 years, as inflation came in hot. Southwest Airlines posts a slightly wider loss; Altria’s revenue fell 2.5% Y/Y. Wall Street analysts rush to defend Meta stock. Here comes the stagflation debate.
Seeking Alpha · 1d ago
Altria Group: A Neutral Stance in the Face of Market Challenges and Limited Growth Prospects
TipRanks · 1d ago
MO Stock Earnings: Altria Group Meets EPS, Beats Revenue for Q1 2024
Altria Group reported earnings per share of $1.15 for the first quarter of 2024. The company reported revenue of $5.58 billion. This was 18.39% better than the analyst estimate of $4.71 billion. Altria Group also reported results for the fourth quarter of 2015.
Investorplace · 1d ago
Altria (NYSE:MO) Gains after Reporting Quarterly Results
TipRanks · 1d ago
BUZZ-Marlboro maker Altria up on Q1 sales beat
Shares of tobacco giant Altria Group MO.N up as much as 1.7% to $43.65. Stock headed for seventh straight session of gains. Company tops Q1 sales estimates, benefiting from higher pricing and demand for smoke-free alternatives to tobacco products.
Reuters · 1d ago
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About MO
Altria Group, Inc. is a holding company, which provides a portfolio of tobacco products for United States tobacco consumers aged 21+. Its segments include smokeable products, oral tobacco products, and all other. The smokeable products segment includes of combustible cigarettes manufactured and sold by Philip Morris USA Inc. (PM USA), and machine-made large cigars and pipe tobacco manufactured and sold by Middleton. The oral tobacco products segment consists of moist smokeless tobacco (MST) and snus products manufactured and sold by U.S. Smokeless Tobacco Company LLC (USSTC), and oral nicotine pouches manufactured and sold by Helix Innovations LLC (Helix). The oral tobacco products segment includes the premium brands, Copenhagen and Skoal, and Red Seal. It also includes on! oral nicotine pouches. The Company’s e-vapor products are marketed by NJOY, LLC (NJOY), a wholly owned subsidiary of the Company. Its tobacco subsidiaries sell their tobacco products principally to wholesalers.