MO - Altria Group, Inc.
| Previous Close | 54.18 |
| Open | 54.41 |
| Bid | 53.3600 x 800 |
| Ask | 53.3900 x 900 |
| Day's Range | 52.92 - 54.48 |
| 52 Week Range | 52.90 - 74.38 |
| Volume | 2,579,366 |
| Avg. Volume | 8,674,996 |
| Market Cap | 99.496B |
| Beta (3Y Monthly) | -0.14 |
| PE Ratio (TTM) | 9.40 |
| EPS (TTM) | 5.6310 |
| Earnings Date | Jan 30, 2019 - Feb 4, 2019 |
| Forward Dividend & Yield | 3.20 (5.91%) |
| Ex-Dividend Date | 2018-09-13 |
| 1y Target Est | 65.71 |
- Bloomberg•1 hour ago
Pot May Be Next for Tobacco Farmers Already Turning to Hemp
Altria Group Inc., the U.S. maker of Marlboro cigarettes, made a $1.8 billion investment in Cronos Group Inc. on Friday amid pressure to find new growth avenues as U.S. smoking rates decline. The partnership, which includes the option for Altria to take majority control in the future, may see the firm’s U.S. tobacco suppliers switch to cannabis if the drug is legalized, said Mike Gorenstein, chief executive officer of Toronto-based Cronos. “It’s certainly helpful that Altria already has a relationship with local contract farmers,” Gorenstein said in a phone interview Friday.
- CNBC•3 hours ago
Wall Street's top pot analyst loves Cronos deal for Altria: 'Unique entry into cannabis'
Wall Street's top marijuana analyst likes Marlboro maker Altria's $1.8 billion investment in Canadian pot company Cronos Group, telling clients the move represents a "unique entry into cannabis."
- MarketWatch•yesterday
Cannabis stock Cronos soars 24% as Altria takes major stake, sparking sector rally
Shares of Canada’s Cronos Corp. rocketed more than 24% Friday, after Altria Group Inc. agreed to take a major stake in the company and become its exclusive partner in the cannabis sector as new markets for medical and recreational weed open around the world.
- MarketWatch•23 hours ago
Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry
Marijuana companies and legacy businesses are playing a proverbial game of speed dating right now, according to a top cannabis executive who managed to land an attractive partner.
- GlobeNewswire•3 hours ago
New Research Coverage Highlights Skyworks Solutions, Virtus Investment Partners, Altria Group, Gilead Sciences, Arthur J. Gallagher, and BP p.l.c — Consolidated Revenues, Company Growth, and Expectations for 2018
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
- ACCESSWIRE•4 hours ago
Today's Research Reports on Trending Tickers: Moderna and Altria
NEW YORK, NY / ACCESSWIRE / December 10, 2018 / Although Moderna sank in its first day of trading, the stock was still the biggest IPO in the biotech arena ever last week. Shares of Altria Group also hit red territory despite announcing it would take a whopping stake in Canadian marijuana company Cronos Group. Moderna, Inc. shares were down a little over 19% on Friday with nearly 13 million shares traded.
- Market Exclusive•9 hours ago
Tobacco Giant Altria Grabs Share Of Cannabis Market With $2.4 Billion Investment In Cronos
Tobacco giant Altria Group Inc (NYSE:MO) has made its move in the cannabis industry. The Marlboro cigarettes maker has confirmed an investment deal of $2.4 billion with Canadian cannabis company Cronos Group Inc (NASDAQ:CRON). The deal will give Altria a 45% ownership stake with an additional option of another 55% over the next five years. Speaking […] The post Tobacco Giant Altria Grabs Share Of Cannabis Market With $2.4 Billion Investment In Cronos appeared first on Market Exclusive.
- Motley Fool•yesterday
Better Marijuana Stock: Cronos Group vs. GW Pharmaceuticals
Which stock wins in a matchup between this top Canadian marijuana grower and the biggest cannabis-focused biotech?
- Insider Monkey•yesterday
Is Altria Group Inc (MO) Going to Burn These Hedge Funds?
Reputable billionaire investors such as Nelson Peltz and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing winning small-cap […]
Motley Fool•2 days agoWhy Altria Group Stock Lost 16% Last Month
Shares of the Marlboro maker slipped on a pair of announcements from the Food and Drug Administration.
- TheStreet.com•2 days ago
Is It Too Late to Jump on Board Altria Stock?
Take "Operation Barbarossa" for example. Not to mention that I drove past the firm's plant in Richmond, Virginia the other day and that I like chewing tobacco, though not the powdery snuff sold through Altria's brands. Then a friend who I think of as a gifted trader, we'll call her Laura, mentioned in passing that she had taken down a long position in Altria.
- TheStreet.com•2 days ago
Cannabis Firm Cronos Soars 21.7% on $1.8B Investment From Marlboro Maker Altria
lit up Friday after the company announced that Altria Group Inc. , the maker of Marlboro cigarettes, made a $1.8 billion investment in the Canadian cannabis company in exchange for a 45% stake. Altria also has options that if fully exercised would result in an additional $1.05 billion in proceeds for Cronos in exchange for an extra 10% stake for Altria.
- Motley Fool•2 days ago
Altria Buys a $1.8 Billion Stake in Cronos Group: 3 Things You Need to Know About the Monster Deal
A Big Tobacco company makes a big bet on marijuana. Here's what it means.
- InvestorPlace•3 days ago
5 Must-See Stock Charts for Monday: LULU, AVGO, ULTA Earnings
A top and bottom line earnings beat and in-line outlook weren’t enough to boost Lululemon Athletica (NASDAQ:LULU). Ulta Beauty (NYSE:ULTA) has a similar story, with shares down more than 11% post-earnings. Twitter (NYSE:TWTR) was one of the few bright spots on the day.
- InvestorPlace•3 days ago
Why Cronos (CRON) Stock Is Skyrocketing Today
An announcement from Cronos (NASDAQ:CRON) confirms that Altria is planning to make a C$2.40 billion equity investment into the marijuana company. This money will have MO buying up shares of Cronos stock for C$16.25 each. The deal will have Altria owning 45% of Cronos stock once it is complete.
- Motley Fool•3 days ago
What Happened in the Stock Market Today
On another down day for the markets, here's why Ulta Beauty plunged and Cronos Group soared.
- Yahoo Finance•3 days ago
Stocks tumble, crude oil surges on OPEC deal
Stock got slammed on Friday, and crude oil surged on an OPEC deal.
Bloomberg•3 days agoFormer Hedge Fund Manager Traci Lerner Strikes Gold in Altria Pot Deal
Lerner turned the fund, which she started with her husband in 1991, into a family office to manage her own wealth. Lerner’s Chescapmanager LLC had been Cronos’s biggest investor with roughly 9 million shares at the end of the third quarter, after acquiring them for an estimated $4.15 apiece.
- InvestorPlace•3 days ago
What Cronos Stock Investors Should Do After the Altria Buyout
Earlier this week, Cronos (NASDAQ:CRON) put out a press release confirming that tobacco company Altria Group (NYSE:MO) was considering an investment in the company, but that no decision was finalized. Altria announced a massive move into the tobacco space. It decided to make a C$2.4 billion ($1.8 billion) strategic investment into Cronos, confirming the earlier rumors.
- American City Business Journals•3 days ago
Philip Morris parent invests $2.4 billion in Cronos cannabis
One of the world’s biggest tobacco companies is bullish on bud. Altria, parent company of New York-based Philip Morris (NYSE: PM) and maker of Marlboro cigarettes, invested $2.4 billion into a Toronto medical and recreational marijuana company.
- TheStreet.com•3 days ago
Big Tobacco Hasn't Killed Cannabis, This Dance Has Only Just Begun
Big tobacco has been sniffing around cannabis for years. Representatives from tobacco companies have been at the big cannabis conferences for a long time, but they always stayed on the sidelines. Cronos Group announced that it had received a $1.8 billion (C$2.4 billion) investment from Altria, the owner of Marlboro cigarette marker Phillip Morris USA.
Associated Press•3 days agoMarlboro maker places $1.8 billion bet on marijuana
One of the world's biggest tobacco companies is diving into the cannabis market with a $1.8 billion buy-in. Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. The agreement includes a warrant to acquire additional shares over the next four years that could give the Altria, which is based in Richmond, Virginia, a 55 percent ownership stake in the Toronto company.
- CNBC Videos•3 days ago
What makes Cronos a better takeover target than Alpha? On...
A tale of two pot stocks, in a wild week for cannabis. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Karen Finerman and Dan Nathan.
- CNBC Videos•3 days ago
Cronos deal gives Altria a global cannabis platform, says...
CNBC's "Power Lunch" team discusses Altria's investment in cannabis company Cronos with Christopher Growe, an analyst at Stifel.
