|Bid||61.00 x 1200|
|Ask||61.01 x 1800|
|Day's Range||60.84 - 61.81|
|52 Week Range||53.91 - 74.38|
|PE Ratio (TTM)||10.95|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.20 (5.12%)|
|1y Target Est||67.16|
Has Philip Morris’s Stock Price Bottomed Out? In the next four quarters, analysts expect Philip Morris International’s (PM) revenue to fall 3.2% YoY (year-over-year) to $29.41 billion from $30.39 billion. After posting its second-quarter earnings, Philip Morris lowered its currency-neutral net revenue growth guidance for 2018 to 3.0%–4.0% from 8.0% due to a lower sales forecast of IQOS and heated tobacco unit shipments in Japan and shifting its Argentinian affiliate to highly inflationary accounting. Although the company posted currency-neutral revenue growth of 8.3% in the first two quarters of this year, the company expects its revenue to grow by a mere 1.0% in the third quarter and fall 4.0% in the fourth quarter.
As of September 24, Philip Morris International (PM) was trading at $81.61, which represents a YTD (year-to-date) decline of 22.8%. A decline in cigarette shipment volumes in the first half of this year and slower IQOS sales growth in Japan dragged down the company’s stock price. The IQOS sales deceleration appears to have made investors skeptical of its long-term potential. The stock price was also impacted by reduced-risk product competition and anti-tobacco regulations.
Altria (MO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Altria (MO) have what it takes? Let's find out.
The Food and Drug Administration is eyeing the creation of a regulatory framework for e-cigarettes, a product that government data shows is increasingly popular with teenagers — and tobacco stocks are ...
In many respects, the top tobacco stocks defy logic. This industry could easily become a new profit center for tobacco companies. Furthermore, tobacco companies know how to navigate the hostile regulatory climate cannabis will face, particularly in the United States.
Coal and cigarettes have been declining industries for years, but Alliance Resources Partners, British American Tobacco, and Altria have been able to pay generous dividends to investors. Can that last for much longer?
There's been a dramatic shift in investor behavior recently, vaulting defensive sectors such as telecom and consumer staples into market leaders, while relegating tech stocks to laggard status, The Wall Street Journal reports. This is happening even as several major stock indexes have risen to new record highs. "There's been a natural inclination towards more defensive sectors," says Michael Arone, managing director and chief investment strategist at State Street Global Advisors. As investors react to new market highs by anticipating a potential selloff, they have propelled the shares of "safety stocks" such as The Coca-Cola Co. ( KO), Walgreens Boots Alliance Inc. ( WBA).
Altria, like other tobacco stocks, has had a tough 2018, but it can still raise prices—a critical factor as sales volumes decline, argues Wells Fargo.
Can We Expect an Upside Potential in Altria Stock? Of the 16 analysts covering Altria Group (MO), 62.5% are recommending a “buy” as of September 17, while the remaining 37.5% are recommending a “hold.” None of the analysts are recommending a “sell.” That same day, analysts set an average price target of $66.59, which represents a return potential of 6.7% from the stock price of $62.44. Since the announcement of Altria’s second-quarter earnings on July 26, Stifel and Jefferies have both lowered their target prices.
Can We Expect an Upside Potential in Altria Stock? For the next four quarters, analysts are expecting Altria Group (MO) to post EPS of $4.17, which represents a 10.6% growth from $3.77 in the corresponding four quarters of the previous year. EPS growth could likely be driven by revenue growth, expansion of net margins, and share repurchases.
Can We Expect an Upside Potential in Altria Stock? For the next four quarters, analysts are expecting Altria Group (MO) to post revenues of $19.8 billion, which represents a 2.1% growth from $19.39 billion in the corresponding four quarters of the previous year. Altria is focusing on innovative product development and packaging, enhanced trade programs, and various marketing and promotional initiatives to drive sales.
As of September 17, Altria Group (MO) stock was trading at $62.44, which represents a 7.9% rise since the announcement of its second-quarter earnings on July 26. On September 12, Scott Gottlieb, commissioner of the FDA, announced that the accelerating trajectory of flavored e-cigarette usage among youths has reached epidemic proportions. The e-cigarette market is dominated by JUUL, which had 72% of the market share as of mid-August, according to Wells Fargo analyst Bonnie Herzog.
The FDA announces directives to curb e-cigarette usage among youngsters. Though this caused tobacco stocks to gain recently, it is yet to be seen if the upside can be sustained.
U.S. Smokeless Tobacco Company, the U.S. smokeless tobacco industry leader, announced today that the U.S. Food and Drug Administration accepted and filed for substantive scientific review a Modified Risk Tobacco Product application for its moist smokeless tobacco product Copenhagen® Snuff Fine Cut.
Health and Human Services Secretary Alex Azar said the agency supports the Food and Drug Administration's proposed e-cigarette crackdown. The FDA earlier this week threatened to pull e-cigarettes from shelves if manufacturers do not control teen use. The FDA is specifically ordering five brands — Juul, British American Tobacco's Vuse, Altria's MarkTen, Imperial Brands' Blu E-cigs and Japan Tobacco's Logic — to submit plans within 60 days detailing how they will prevent teens from using their products.
Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. Altria Group’s insiders have divested from 3.17k shares in the large-cap stockRead More...
The burgeoning popularity of e-cigarettes among young smokers has caused traditional cigarette industry players a great deal of trouble by eating into their market share. As regulators threatened to pull e-cigarettes from shelves if they do not address "widespread" teen use, shares of Altria Group Inc. ( MO), Philip Morris International Inc. ( PM), British American Tobacco Inc. ( BTI) and London-listed Imperial Brands, all closed up over 3%.
Sep.18 -- Alon Rosin, Oppenheimer head of institutional equity derivatives, discusses his options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets: The Close."