|Bid||60.00 x 500|
|Ask||60.01 x 700|
|Day's Range||59.83 - 61.49|
|52 Week Range||59.83 - 77.79|
|PE Ratio (TTM)||11.34|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||2.80 (4.48%)|
|1y Target Est||77.46|
U.S. Smokeless Tobacco Company, Altria Group, Inc.’s smokeless tobacco business, has submitted to the Food and Drug Administration a Modified Risk Tobacco Product application for its Copenhagen® Snuff Fine Cut moist smokeless tobacco product.
The Food and Drug Administration is taking the first step toward implementing a rule about the role that flavors, including menthol, play in attracting users to certain tobacco products.
When analysts raise their target prices, stock prices tend to rise, and vice versa. Of the 17 analysts that follow Philip Morris, 58.8% are favoring a “buy,” and 41.2% are favoring a “hold.” None of the analysts are recommending a “sell.” In the next 12 months, analysts are expecting the stock to reach $120.07, which represents a return potential of 14.4%. Since the announcement of its 4Q17 earnings, Jefferies has cut its target price from $124 to $121, while Cowen and Company has reduced its target price from $133 to $120.
On March 1, 2018, Altria Group (MO) announced dividends of $0.70 per share to be paid on April 10, 2018, to shareholders of record as of March 15, 2018. Altria also rewards its shareholders with share repurchases, which reduce the number of shares outstanding, thus boosting the company’s EPS (earnings per share). The company’s management also authorized a new $1 billion share repurchase program in January 2018, which is expected to be completed in 2018.
In 4Q17, Altria Group (MO) posted EPS (earnings per share) of $2.60. The growth was driven by the expansion of net margins and by share repurchases in the last four quarters. Altria’s management has set the company’s 2018 EPS guidance at $3.90–$4.03, which represents a growth of 15%–18.9% from $3.39 in 2017.
Analysts are expecting Philip Morris International (PM) to post revenue of $31.9 billion in 2018, which represents a rise of 11% from $28.8 billion in 2017. The company’s management expects currency-neutral revenue growth at approximately 8%. Revenue growth is expected to be driven by an increase in product prices and growth in RRP (reduced risk products) sales.
In 4Q17, Philip Morris International (PM) posted net revenue of $8.3 billion, which represents growth of 19% from $7 billion in 4Q16. Growth was driven by an increase in total shipment volume of 3.8% and favorable pricing. Philip Morris had a strong performance in the European Union, Asia, Latin America, and Canada.
Amid numerous headwinds plaguing cigarette consumption, Altria (MO) manages to stay afloat in the industry on the back of smokeless products and strong pricing strategies.
WASHINGTON (AP) — Federal health officials took the first step Thursday to slash levels of addictive nicotine in cigarettes, an unprecedented move designed to help smokers quit and prevent future generations from getting hooked.
U.S. health officials took the first concrete steps toward cutting the nicotine content in cigarettes to nonaddictive levels, opening a public inquiry ahead of proposed regulations to lower nicotine levels....
The U.S. Food and Drug Administration is seeking public opinion as well as scientific research on the role nicotine plays in cigarette addiction, the agency said on Thursday, as it aims to lower tobacco-related deaths across the country. The latest steps are part of a comprehensive plan to regulate tobacco and nicotine that the agency announced last summer, FDA Commissioner Scott Gottlieb said in a statement https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm601039.htm. The FDA is seeking additional research and data for public review, Gottlieb said, as the agency deliberates on developing a nicotine product standard.
NEW YORK, NY / ACCESSWIRE / March 15, 2018 / U.S. markets' slide extended on Wednesday as concerns over a potential trade war with China continues to grow. The Dow Jones Industrial Average dropped 1.00 ...
Important news for shareholders and potential investors in Altria Group Inc (NYSE:MO): The dividend payment of $0.7 per share will be distributed into shareholder on 10 April 2018, and theRead More...
This weekend's Barron's cover story shows what the shortage of workers means for employers and investors. Other featured articles examine the prospects for a European company that has hit on a winning ...
One reason is that they tend to pay healthy dividends, and ultralow bond yields had chased some income-seekers into dividend-paying stocks. Campbell Soup (CPB), for example, is down 26% over the past year. The last time the stock carried a discount that large was more than 17 years ago, when the 10-year Treasury was about 5.7%.
The FDA is taking the first step toward implementing a rule about the role flavors, including menthol, play in attracting users to certain tobacco products.
Chris Verrone, Strategas Research Partners, discusses the selloff in consumer staples. The “Fast Money” traders weigh in.