Altria Group, Inc. (MO)
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]
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 StatementsAnalyst 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.
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.
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...
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.
Altria to Host Webcast of 2024 First-Quarter Results
RICHMOND, Va.--(BUSINESS WIRE)---- $MO #ALTRIA--ALTRIA TO HOST WEBCAST OF 2024 FIRST-QUARTER RESULTS.
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.
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...
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.
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.
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...
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
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.
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...
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...
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.
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.