Altria Group, Inc. (MO)

NYSE: MO · IEX Real-Time Price · USD
42.92
+0.05 (0.12%)
At close: Apr 24, 2024, 4:00 PM
43.02
+0.10 (0.23%)
Pre-market: Apr 25, 2024, 8:54 AM EDT
0.12%
Market Cap 73.72B
Revenue (ttm) 24.48B
Net Income (ttm) 8.13B
Shares Out 1.72B
EPS (ttm) 4.57
PE Ratio 9.39
Forward PE 8.26
Dividend $3.92 (9.13%)
Ex-Dividend Date Mar 22, 2024
Volume 8,784,454
Open 42.70
Previous Close 42.87
Day's Range 42.40 - 43.06
52-Week Range 39.07 - 48.04
Beta 0.70
Analysts Hold
Price Target 45.28 (+5.5%)
Earnings Date Apr 25, 2024

About 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. It sells its products to distributors, as well as large retail organizations, such as chain stores. The comp... [Read more]

Industry Tobacco
Founded 1822
Employees 6,400
Stock Exchange NYSE
Ticker Symbol MO
Full Company Profile

Financial Performance

In 2023, Altria Group's revenue was $24.48 billion, a decrease of -2.44% compared to the previous year's $25.10 billion. Earnings were $8.13 billion, an increase of 41.05%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for MO stock is "Hold." The 12-month stock price forecast is $45.28, which is an increase of 5.50% from the latest price.

Price Target
$45.28
(5.50% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Altria tops first quarter sales on higher pricing, robust demand for smokeless alternatives

Altria Group topped quarterly sales expectations on Thursday, driven by higher pricing and rising demand for alternatives to conventional tobacco products.

42 minutes ago - Reuters

Altria's earnings top estimates and tobacco company reaffirms full-year guidance

Altria Group Inc. MO, +0.12% said Thursday it had net income of $2.129 billion, or $1.21 a share, in the first quarter, up from $1.787 billion, or $1.00 a share, in the year-earlier period. Adjusted f...

1 hour ago - Market Watch

Altria Reports 2024 First-Quarter Results; Reaffirms Full-Year Guidance

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #ALTRIA--ALTRIA REPORTS 2024 FIRST-QUARTER RESULTS; REAFFIRMS FULL-YEAR GUIDANCE.

2 hours ago - Business Wire

Altria to Host Webcast of 2024 First-Quarter Results

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #ALTRIA--ALTRIA TO HOST WEBCAST OF 2024 FIRST-QUARTER RESULTS.

13 days ago - Business Wire

3 Dividend Stocks for April 2024

#Morningstar  #JPMogranChase #DividendStocks The dividend prospects of three firms with wide or narrow Morningstar Economic Moat Ratings. 00:00 Introduction 00:11 Altria MO 01:28 J.P.

Other symbols: FMCJPM
15 days ago - Morningstar

Altria Group Crosses Above 9% Yield Territory

In trading on Friday, shares of Altria Group were yielding above the 9% mark based on its quarterly dividend (annualized to $3.92), with the stock changing hands as low as $42.90 on the day. Dividends...

4 weeks ago - Forbes

Altria Buys Back Shares for $2.4 Billion

Altria Group reached accelerated agreements to buy back $2.4 billion in common stock after selling part of its stake in Anheuser-Busch InBev.

5 weeks ago - WSJ

Altria Enters $2.4 Billion Accelerated Share Repurchase Transactions in Connection with Closing of Offering of Anheuser-Busch InBev Stock

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Accelerated--Altria Enters $2.4 Billion Accelerated Share Repurchase Transactions in Connection with Closing of Offering of Anheuser-Busch InBev Stock.

5 weeks ago - Business Wire

Best Value Stocks to Buy

With a possible economic slowdown on the horizon, investors would be wise to consider stable, yield-friendly value stocks.

Other symbols: JNJJPMKOPGSHELT
5 weeks ago - Kiplinger

Altria cuts stake in AB InBev, shares dip amid secondary offering

Anheuser-Busch InBev (BUD) saw its American Depositary Receipts (ADRs) fall by over 5% on Thursday. The downturn followed the announcement from Altria (MO) that it would reduce its 10% stake in the wo...

Other symbols: BUD
5 weeks ago - Invezz

Altria Group Plans to Sell 35M Shares of AB InBev (BUD)

AB InBev (BUD) is trading lower as investor Altria Group plans to sell 35M shares. The share sale would be worth about $2.26B at $64.55 Wed.

Other symbols: BUD
5 weeks ago - Schwab Network

Budweiser-owner AB InBev slides 4% after trading suspension as Altria sells stake

Shares of AB InBev, the world's biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension.

Other symbols: BUD
5 weeks ago - CNBC

Marlboro maker to sell $2.3 billion worth of Bud Light maker's stock

Altria late Wednesday said it plans to sell part of its stake in Anheuser-Busch InBev, which it will use to buy back its own stock.

Other symbols: BUD
5 weeks ago - Market Watch

Altria to Significantly Enhance Cash Returns to Shareholders Through Expanded Share Repurchase Program in Connection with Pricing of Offering of Anheuser-Busch InBev Stock; Raises 2024 Full-Year Earnings Guidance

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Altria--Altria to Significantly Enhance Cash Return to Shareholders Through Expanded Share Repurchase Program in Connection with Pricing Program.

5 weeks ago - Business Wire

Altria Group Plans to Sell Part of Anheuser-Busch Stake

Altria Group plans to sell 18%, or over $2 billion worth, of its large stake in Anheuser-Busch InBev in a secondary offering as it looks to return more cash to shareholders.

Other symbols: BUD
6 weeks ago - WSJ

Altria Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #ALTRIA--ALTRIA ANNOUNCES INTENT TO SELL A PORTION OF ITS INVESTMENT IN ANHEUSER-BUSCH INBEV.

6 weeks ago - Business Wire

Altria Declares Regular Quarterly Dividend of $0.98 Per Share

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Altria--Altria Declares Regular Quarterly Dividend of $0.98 Per Share.

7 weeks ago - Business Wire

Altria Group, Inc. Announces Retirement of Director Jacinto J. Hernandez From Board of Directors

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Altria--Altria Group, Inc. Announces Retirement of Director Jacinto J. Hernandez from Board of Directors.

2 months ago - Business Wire

What's Next For Altria Stock After A 15% Fall In A Year?

Altria (NYSE: MO) reported its Q4 results earlier this month, with revenues missing and earnings marginally above the street estimates. The company reported adjusted revenue of $5.02 billion and adjus...

2 months ago - Forbes

Altria Presents as Part of the Consumer Analyst Group of New York Conference; Reaffirms 2024 Full-Year Earnings Guidance

RICHMOND, Va.--(BUSINESS WIRE)--ALTRIA PRESENTS AS PART OF THE CONSUMER ANALYST GROUP OF NEW YORK CONFERENCE; REAFFIRMS 2024 FULL-YEAR EARNINGS GUIDANCE.

2 months ago - Business Wire

Altria to Host Webcast From the Consumer Analyst Group of New York Conference

RICHMOND, Va.--(BUSINESS WIRE)--ALTRIA TO HOST WEBCAST FROM THE CONSUMER ANALYST GROUP OF NEW YORK CONFERENCE.

2 months ago - Business Wire

Altria edges past quarterly profit expectations on higher pricing

Marlboro maker Altria edged past fourth-quarter adjusted profit expectations on Thursday, as higher prices and a shift to alternative nicotine products helped cushion the blow from sluggish demand for...

2 months ago - Reuters

Altria profit falls 23% but matches analyst estimate

Altria Group Inc.'s stock MO, -0.84% rose 1.3% in premarket trading after the tobacco company set a new $1 billion share buyback program and matched analyst estimates for adjusted earnings. Altria sai...

3 months ago - Market Watch

Murray R. Garnick, Executive Vice President & General Counsel, Announces Decision to Retire

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Announces--Murray R. Garnick, Executive Vice President & General Counsel, Announces Decision to Retire.

3 months ago - Business Wire

Altria Reports 2023 Fourth-Quarter and Full-Year Results; Provides 2024 Full-Year Earnings Guidance; Announces New $1 Billion Share Repurchase Program

RICHMOND, Va.--(BUSINESS WIRE)---- $MO #ALTRIA--Altria Reports 2023 Fourth-Quarter and Full-Year Results; Provides 2024 Full-Year Earnings Guidance; Announces New $1 Billion Share Repurchase Program.

3 months ago - Business Wire