|Bid||44.28 x 1300|
|Ask||44.33 x 900|
|Day's Range||44.14 - 44.56|
|52 Week Range||39.30 - 66.04|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||13.24|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||3.36 (7.72%)|
|1y Target Est||52.86|
NEW ORLEANS, Oct. 18, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
Canadian cannabis producer Cronos Group is "a new king in the north," an analyst said in upgrading the stock.
NEW YORK, NY / ACCESSWIRE / October 18, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Altria Group, Inc. (“Altria” or the “Company”) (NYSE: MO) and certain of its officers, on behalf of shareholders who purchased Altria securities between February 8, 2019 and August 12, 2019, both dates inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
Shares of Altria Group Inc. rose before paring those gains, after Citigroup upgraded the stock to neutral from sell and said it expects cigarettes will benefit from the negative publicity and regulatory crackdown that has been sparked by the vaping-related lung illness that has swept the U.S. The disease has killed at least 33 people and sickened 1,479, according to the latest data from the Centers for Disease Control and Prevention. "The stock is below our target and we think it no longer looks expensive relative to overseas peers," analysts wrote in a note to clients. "Unfortunately we expect the short-term newsflow (on FDA regulation and earnings) to be difficult." Citigroup is expecting the FDA's flavor ban to be harsh and to include a ban on mint and menthol, posing a challenge to Juul, the e-cigarette maker in which Altria owns a 35% stake. Altria is expected to report third-quarter earnings on Oct. 31 and Citi is expecting a 7% decline in underlying cigarette volumes, but an 11% decline in shipments. Altria stock was last down 0.2% and has fallen 11% in 2019, while the Dow Jones Industrial Average , which counts it a member, has gained 15% and the S&P 500 has gained 19%.
NEW YORK, NY / ACCESSWIRE / October 18, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a ...
Citigroup analyst Adam Spielman raised his rating on Altria stock to Neutral from Sell, and notes that negative headlines about vaping may boost sales of traditional cigarettes.
NEW YORK, NY / ACCESSWIRE / October 18, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Altria Group, Inc. ("Altria" or the "Company") ...
Juul has suspended the sale of non-tobacco and non-menthol flavors in the U.S., according to a company press release. Altria, a big investor in Juul, saw its stock gain more than 1% on Thursday.
(Bloomberg) -- Juul Labs Inc., the largest e-cigarette maker in the U.S., is suspending sales of most nicotine pod flavors nationwide, bending to pressure from officials and the public who said sugary flavors were hooking teens.Fruit and dessert flavors, which the company was selling to people over 21 through its website, are no longer available in the U.S. pending a review by the Food and Drug Administration, Juul said. It will continue selling mint, menthol and tobacco flavor pods in stores and online.The creators of Juul have said they designed e-cigarettes to help longtime smokers switch, but the popular devices have also introduced a generation of teens and young adults to nicotine. Scott Gottlieb, the former FDA commissioner who declared youth vaping an epidemic, said Juul’s decision to continue selling mint and menthol won’t solve the problem. “Mint is a candy flavor,” Gottlieb said. “A lot of the youth use has shifted to that flavor.”Juul said the new sales restriction comes out of a review led by the new chief executive officer, K.C. Crosthwaite, who joined last month from tobacco giant Altria Group Inc. As part of that review, Juul said last month it would stop all U.S. advertising, refrain from supporting a proposition to voters in San Francisco that would reverse an e-cigarette ban and stop lobbying the government about legislation related to flavors. Michael Bloomberg, the founder and majority owner of Bloomberg LP, funds anti-vaping advocacy initiatives, including one to defeat the San Francisco ballot measure.Shares of Altria, which sells Marlboro in the U.S. and is Juul’s largest shareholder, were up 1.2% to $44.05 at 2 p.m. in New York. “We must reset the vapor category by earning the trust of society and working cooperatively with regulators, policymakers, and stakeholders to combat underage use while providing an alternative to adult smokers,” Crosthwaite said in a statement.The new policy began Thursday and affects sales on its website of the flavors fruit, creme, mango and cucumber. Online purchases of the remaining flavors will continue to be screened by Juul’s age verification system.Juul had stopped the distribution of those flavors last November to physical retailers in the U.S., a move it made in anticipation of sales restrictions from the FDA on flavored e-cigarette products. That move led to a slight dip in sales, but the San Francisco-based company has largely recovered, thanks partly to international growth.In the U.S., Juul controls 70% of vape sales, according to market research firm IRI, which doesn’t track online sales. Investors valued Juul at $38 billion in December, before growing outrage in recent months led to the departure of its previous CEO.In September, Health and Human Services Secretary Alex Azar said that U.S. health monitors had seen a continuing rise in youth use, including of flavors like mint and menthol. He said the Trump administration’s goal was to ban those flavors and leave only tobacco-flavored e-cigarettes on the market.Juul is still evaluating which products and flavors to submit for regulatory approval in May, which means some of these flavors could return to shelves if the FDA approves them. Josh Raffel, a spokesman for Juul, said the company could also extend its temporary sales ban to other flavors, such as mint and menthol. “We continue to review our policies and practices in advance of FDA’s flavor guidance and have not made any final decisions,” he said.(Updates with market share data in the eighth paragraph.)To contact the authors of this story: Ellen Huet in San Francisco at firstname.lastname@example.orgDrew Armstrong in New York at email@example.comTo contact the editor responsible for this story: Mark Milian at firstname.lastname@example.org, Timothy AnnettFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / October 17, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...
Juul Labs Inc. said Thursday that it will suspend online sales of non-tobacco, not-menthol-based flavors of e-cigarettes, including Mango, Creme, Fruit and Cucumber, in the U.S. The company had previously suspended all broadcast, print and digital product advertising in the U.S., and has refrained from lobbying the Trump administration on its draft flavor guidance. Sales of the flavored e-cigarettes were suspended at stores, but had still been only available at Juul.com, until today. "We must reset the vapor category by earning the trust of society and working cooperatively with regulators, policymakers, and stakeholders to combat underage use while providing an alternative to adult smokers," said Chief Executive K.C. Crosthwaite. Shares of Altria Inc. , which disclosed in December a $12.8 billion investment in Juul, rose 1.2% in afternoon trading, but has lost 10.9% year to date while the Dow Jones Industrial Average has gained 15.8% this year.
NEW YORK, NY / ACCESSWIRE / October 17, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Altria Group, Inc. ("Altria" or the "Company") (MO) and certain of its officers. The class action, filed in United States District Court, for the Eastern District of New York, and indexed under 19-cv-05579, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Altria securities between December 20, 2018 and September 24, 2019, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
E-cigarette maker Juul Labs Inc said on Thursday it will completely halt U.S. sales of all flavors except tobacco, mint and menthol, as the company faces heightened scrutiny from regulators, lawmakers and state attorneys general over the appeal of its nicotine products to teenagers. Thursday's move, which ends online sales, means Juul's mango, fruit, creme and cucumber nicotine pod flavors will no longer be available for sale anywhere in the United States. Juul's new chief executive, K.C. Crosthwaite, a veteran of Marlboro maker Altria Group Inc, announced the move Thursday as the company attempts to repair its relationship with regulators.
Altria Group, Inc. will host a live audio webcast on Thursday, October 31, 2019, at 9:00 a.m. Eastern Time to discuss its 2019 third-quarter business results. Altria will issue a press release containing its business results at approximately 7:00 a.m.
Cigarette maker Philip Morris reported better-than-expected third-quarter earnings Thursday. The stock was up in premarket trading, but fell after management provided disappointing fourth quarter guidance on the company’s earnings conference call.
Investing.com – E-cigarette company Juul Labs will no longer sell sweet and fruity e-cigarette refill pods online, news reports said Thursday.
NEW YORK, Oct. 17, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
Juul Labs will cease US online sales of its fruity-flavoured e-cigarette pods as it battles a “lack of trust” and pressure from regulators over the health effects of vaping. Pending a review from the Food and Drug Administration, Juul said on Thursday it was suspending sales of its non-tobacco-, non-menthol-based flavours in the US. The start-up acknowledged “the lack of trust in our industry” and said it regarded the Food and Drug Administration’s practices were the best way to determine what role its products could play in helping wean adult smokers off traditional cigarettes, while also keeping them away from minors.
NEW ORLEANS, Oct. 16, 2019 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.
CEDARHURST, NY / ACCESSWIRE / October 16, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
NEW YORK, NY / ACCESSWIRE / October 16, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Altria Group, Inc. ("Altria" or the "Company") ...
NEW YORK, Oct. 16, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
HENDERSONVILLE, TN / ACCESSWIRE / October 16, 2019 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, announces that a purchaser of Altria ...