|Bid||2,804.00 x 54200|
|Ask||2,805.00 x 67200|
|Day's Range||2,781.00 - 2,814.50|
|52 Week Range||2,336.50 - 4,265.00|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||10.67|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.03 (7.22%)|
|1y Target Est||3,825.26|
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
Declining cigarette sales and volumes continue to pressure large tobacco companies. To combat falling tobacco demand, industry giant Altria Group, Inc. (MO) has raised its prices six cents per pack, or $3 per carton, according to Wells Fargo analyst Bonnie Herzog, per Barron's. Herzog argues that the move demonstrates Altria's pricing power, adding that British American Tobacco p.l.c.
Few of the children at Ashton Gate Primary in Bristol will know that their school was once the headquarters of a global tobacco company. Imperial Tobacco moved from the premises to a purpose-built £18m office that brought all of its office staff together under one roof. The glass-fronted building, which has won a number of architectural awards, is just one outward sign of how the tobacco industry is reshaping itself.
Contrary to conventional wisdom, you don't need a hefty trust fund or deep pockets like mutual funds and other institutional players to start investing.
British American Tobacco said in a news release Wednesday that it expects global industry volume to be down by around 3.5 percent in 2019. Despite a guide for lower volume shipments, British American said it remains on track for constant currency revenue growth in the mid-to-upper half of its long-term guidance of 3-5 percent.
The warning highlighted the challenges dogging the tobacco industry as smokers, particularly in the United States, turn to less harmful alternatives such as e-cigarettes and vaping products. The maker of Lucky Strike and Dunhill cigarettes said it expects global industry volumes to fall around 3.5% this year, compared with its earlier estimate of a 3% drop. BAT said it would invest further in what it calls its "New Category" business and announced plans to consolidate the portfolio, which makes tobacco heating product glo and Vype e-cigarettes as well as snuff and nicotine pouches.
The maker of Lucky Strike and Dunhill cigarettes forecast global industry volumes to fall around 3.5% this year, with the U.S. expected to decline 4%-5%. Demand for cigarettes has been slowing, particularly in the United States, as smokers turn to alternatives such as e-cigarettes and vaping products, prompting companies to rapidly expand their non-cigarette products. BAT said it would invest further in what it calls its "New Category" business and announced plans to consolidate the portfolio, which makes tobacco heating product glo and Vype e-cigarettes as well as snuff and nicotine pouches.
Under FDA regulation of e-cigarettes that began in 2016, e-cigarettes, known by the agency as electronic nicotine delivery systems, or ENDS, that were already on the market had to apply for FDA approval to remain available after August 2021.
The Nielsen report had pushed down shares of Imperial Brands, British American Tobacco and Altria between 1% and 3% on Tuesday. Imperial Brands said late on Wednesday that its figures were based on data from MSAi, which compiles data from over 300,000 stores, representing at least 95% of U.S. tobacco volumes. The company also said it expects U.S. industry volumes to fall between 4.5% and 5% in 2019, close to larger rival Altria's forecast of a 4%-5% drop.
Tobacco stocks slid Tuesday after new Nielsen data showed cigarette sales volumes declined 11.2% in the past month, according to Nielsen.
The FTSE 100 was 0.1% lower, while the mid-cap FTSE 250 rose 0.4%. British American Tobacco and Imperial Brands were among the biggest drags on the main index after data from Nielsen showed cigarette industry volumes deteriorated in the four weeks to May 18. The session's trading came against the backdrop of continued uncertainty over China's trade dispute with the United States, after U.S. President Donald Trump said Washington was not ready to make a deal with Beijing but that he expected one in the future.
Brazil is suing Philip Morris International and British American Tobacco over the financial toll of smoking. The Brazilian attorney general's office is seeking reimbursement for costs over the past five years, as well as future costs, of treating patients with 26 tobacco-related diseases. Public health groups praised Brazil's lawsuit.
Brazil is suing the world's largest cigarette makers, British American Tobacco Plc and Philip Morris International, in a landmark case aimed at recovering the public health treatment costs of tobacco-related diseases over the last five years. The Brazilian solicitor general's office, known as the AGU, announced the lawsuit late on Tuesday against the two multinational companies and their Brazilian subsidiaries, who produce most of the cigarettes sold in the country. The suit seeks to recover the cost of treating patients for 26 illnesses related to smoking tobacco or coming into contact with cigarette smoke, the AGU said in a statement.
The main index, whose companies earn more than two-thirds of their profit from abroad, ended 0.1% higher, while the more domestically-focused FTSE 250 slipped 0.7%. A slump in sterling lifted internationally-exposed companies GlaxoSmithKline, Unilever and AstraZeneca, the biggest boosts to the FTSE 100. Stocks most sensitive to the any increased risk of a hard Brexit stumbled after multiple media reported rumours May's ministers could oust her in a row over her latest deal to exit the European Union.
Altria, Juul and British American Tobacco — the largest U.S. cigarette and e-cigarette manufacturers — are supporting raising the smoking age to 21. Regulators are pressuring them to fix what they're calling an epidemic of teen vaping.
Battered by headwinds from changing consumer habits and a heavy-handed FDA, BTI is down. If the fundamentals check out, this could be a value buy for investors.
Stocks with juicy yields can lead to great cash flows for investors. Which of these tobacco giants is the dividend winner?
German shares led gains in Europe on Wednesday as robust earnings from the country's Siemens and Wirecard overshadowed mounting worries over a U.S.-China trade deal. Chinese Vice Premier Liu He will travel to Washington on Thursday for two days of trade talks, in a bid to avoid a sharp increase in tariffs on Chinese goods that U.S. President Donald Trump had threatened to impose over the weekend. "The fact that Chinese Vice-Premier Liu He is still expected to arrive in Washington to keep the talks going is probably the reason why this has not turned into an absolute meltdown," Elwin de Groot, head of macro strategy at Rabobank, said.