|Bid||55.40 x 3100|
|Ask||0.00 x 4000|
|Day's Range||55.45 - 56.15|
|52 Week Range||53.91 - 77.79|
|PE Ratio (TTM)||10.48|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||2.80 (5.09%)|
|1y Target Est||70.38|
Indeed, several of the largest and best-known consumer stocks in the world are trading at or near multi-year lows. Most have dropped at least 15% — a huge decline for stocks that are generally docile. Challenges in the consumer products space are very real.
Of the companies that saw big financial benefits from tax reform, several decided to share the wealth with their employees.
Can Altria Reverse Its Downward Momentum? Of the 15 analysts that follow Altria Group (MO), 73.3% favor a “buy,” and the remaining 26.7% favor a “hold.” None of the analysts favor a “sell” option. On April 30, RBC Capital upgraded the stock from “sector perform” to “outperform.” The investment firm has set a target price at $65, which represents a return potential of 16.8%.
Can Altria Reverse Its Downward Momentum? On May 17, Altria Group (MO) announced dividends of $0.70 per share, which will be paid on July 10, to shareholders on record as of June 15, 2018. The dividends were announced at a payout ratio of 70.0% and a dividend yield of 5.0% given the stock price of $55.64 as of May 21.
Jim Cramer said on CNBC's "Mad Money Lightning Round" he can no longer recommend Altria Group Inc (NYSE: MO ) as a buy. He's concerned about competition from the Juul device. Cramer doesn't ...
Jim Cramer rattles off his take on callers' favorite stocks, including a tech manufacturer that recently reported earnings.
Can Altria Reverse Its Downward Momentum? Analysts were expecting Altria Group (MO) to post revenue, net of excise tax, of $19.8 billion, which represents growth of 0.9% from $19.6 billion in the corresponding four quarters of the previous year. The revenue growth is expected to be driven by an increase in product innovations and product prices.
At the end of May 21, Altria Group (MO) was trading at $55.64, a decline of 22.1% from the beginning of this year. In Q1 2018, the company had posted adjusted EPS (earnings per share) of $0.91 on net revenues of $4.7 billion. Analysts were expecting EPS of $0.80 on revenues of $4.8 billion. Although Altria outperformed analysts’ EPS estimate, the stock price of the company declined due to a dip in cigarette shipment volumes of 4.2%. Also, the uncertainty surrounding the long-term potential of Philip Morris International’s iQOS has made investors skeptical about Altria’s future earnings.
Altria Group, Inc. (Altria) (MO) today announced a new structure to maximize its core tobacco businesses while realizing its aspiration to be the U.S. leader in authorized, non-combustible, reduced-risk products. “This is a dynamic time in the tobacco industry, and just as we lead in traditional tobacco products, we intend to lead in offering adult smokers more choices in innovative, non-combustible, reduced-risk products,” said Howard Willard, Altria’s Chairman and CEO.
is hoping to light a fire under its efforts to diversify away from traditional tobacco products, announcing on Tuesday that it was creating two new divisions — one for “core” tobacco like cigarettes, and a separate unit for “innovative” products like vaping devices, as smokers increasingly seek out less harmful options. Altria said that its new “core” division will comprise cigarette maker Philip Morris USA, pipe tobacco and cigar company John Middleton, snuff maker US Smokeless Tobacco Co and Nat Sherman, and its line of premium cigarettes and cigars. The new unit will be headed by Jody Begley, who has held various roles at the company, most recently as president and general manager of Altria’s innovation company Nu Mark.
Marijuana markets are set to boom in North America as Canada prepares for the nationwide legalization of cannabis, creating some huge opportunities for investors
Altria (MO) consistently focuses on strengthening RRPs category to offset declining cigarette volumes. Its shareholder friendly moves bode well.
Altria Group, Inc. held its 2018 Annual Meeting of Shareholders today. Altria’s Chairman, Chief Executive Officer and President, Marty Barrington, summarized Altria’s full-year 2017 and first-quarter 2018 operating and financial results, discussed Altria’s corporate responsibility initiatives and reaffirmed Altria’s guidance for 2018 full-year adjusted diluted earnings per share .
The Zacks Analyst Blog Highlights: Mastercard, NVIDIA, Danaher, Automatic Data Processing and Altria
Altria Group Inc (NYSE:MO) trades with a trailing P/E of 9.9x, which is lower than the industry average of 16.1x. Although some investors may jump to the conclusion that thisRead More...
Michael Cohen wasn't the only one with ties to President Donald Trump trying to rope in billion-dollar companies. Former campaign advisors at Avenue Strategies were doing the same — with broader reach and apparently much more success. Tobacco giant Altria hired the firm to help with a strategy to figure out how to craft compelling messages to fight back against regulators, sources told CNBC.
With every major market index back above their respective 50-day moving averages — and some now a stone’s throw from record highs — bulls have once again wrested control. Today, we’ll look at a trio of stocks that remain under pressure and are prime candidates for bear trades. Altria Group Inc (NYSE:MO) shares lead the pack with one of the weakest charts on the board.
Altria Group, Inc. will host a live audio webcast of its 2018 Annual Meeting of Shareholders on Thursday, May 17, 2018 at 9:00 a.m. Eastern Time.
On May 8, Moody’s provided insights into the potential of the US and Canadian marijuana industries, discussing the potential impact of regulated medical and recreational marijuana on companies and governments. Here’s what Moody’s had to say. Moody’s vice president and senior analyst Grayson Nichols stated that tax revenue from the marijuana industry for state and local governments was only “marginally credit positive,” adding that for states such as Colorado and California, their share of annual fund revenue would remain small.
Stock Research Monitor: BTI, PM, and VGR LONDON, UK / ACCESSWIRE / May 10, 2018 / If you want a free Stock Review on MO sign up now at www.wallstequities.com/registration . Today, WallStEquities.com shifts ...
Philip Morris International sells Marlboro cigarettes outside the U.S. The Big Tobacco company is now trying to pivot toward smoke-free products, including IQOS. Philip Morris has applied to introduce IQOS in the U.S. and is awaiting a decision from the Food and Drug Administration.