MO - Altria Group, Inc.
| Previous Close | 49.14 |
| Open | 49.29 |
| Bid | 48.78 x 900 |
| Ask | 0.00 x 2900 |
| Day's Range | 48.74 - 49.40 |
| 52 Week Range | 42.40 - 66.53 |
| Volume | 9,161,705 |
| Avg. Volume | 12,748,824 |
| Market Cap | 91.342B |
| Beta (3Y Monthly) | 0.23 |
| PE Ratio (TTM) | 13.24 |
| EPS (TTM) | 3.68 |
| Earnings Date | Apr 24, 2019 - Apr 29, 2019 |
| Forward Dividend & Yield | 3.20 (6.51%) |
| Ex-Dividend Date | 2018-12-24 |
| 1y Target Est | 56.80 |
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4 Reasons Why Marijuana Stocks & ETFs Could Be on a High in 2019
Marijuana stocks and related ETFs caught investors' attention last year, courtesy of its mysterious rally in mid-2018 on Canada's legalization of recreational marijuana in October. Let's take a look at whether the space will be able to maintain its rally in 2019.
- Benzinga•3 days ago
Altria's Juul Stake Will 'More Than Offset' Cigarette Declines, Wells Fargo Says
Altria Group Inc (NYSE: MO ) has begun providing limited retail services to Juul Labs in accordance with the firms’ service agreements . The relationship’s got analysts hooked. The Rating Wells Fargo analyst ...
- Zacks•3 days ago
The Zacks Analyst Blog Highlights: Caterpillar, Netflix, Philip Morris International, Altria and Verizon
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Top Analyst Reports for Caterpillar, Netflix & Philip Morris
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Why Marijuana ETFs are on a High in 2019
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3 Very Popular Marijuana Stocks You Couldn't Pay Me to Buy
Three of the five largest pot stocks by market cap are more trouble than they're worth.
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4 Best Marijuana Stocks to Play the Green Rush
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- Market Realist•5 days ago
Why Pyxus International’s EPS Fell in Q3 2019
Why Pyxus International Stock Rose Over 33% after Its Q3 Results(Continued from Prior Part)Third-quarter EPSCompared to its EPS of $9.83 in the third quarter of fiscal 2018, Pyxus International (PYX) reported EPS of -$0.56 in the third quarter of
- Market Realist•5 days ago
What Drove Pyxus International’s Revenue in Q3 2019?
Why Pyxus International Stock Rose Over 33% after Its Q3 Results(Continued from Prior Part)Third-quarter revenue In the third quarter of fiscal 2019, Pyxus International (PYX) posted revenue of $524.5 million, a rise of 9.8% from $477.8 million in
- Market Realist•5 days ago
How Altria’s Valuation Multiple Compares with Peers’
Why Altria Is Betting Big on JUUL Labs and Cronos Group(Continued from Prior Part)Altria’s valuation multiple Altria Group (MO) posted its fourth-quarter earnings on January 31. During the quarter, the company’s EPS met analysts’ expectations.
- Market Realist•5 days ago
Why Pyxus International Stock Rose Over 33% after Its Q3 Results
Why Pyxus International Stock Rose Over 33% after Its Q3 ResultsThird-quarter performance Pyxus International (PYX) posted its fiscal 2019 third-quarter earnings results after the market closed on February 11. In the quarter, which ended on December
- InvestorPlace•5 days ago
An Unexpected Danger Could Smoke Philip Morris Stock
For the fourth consecutive quarter, Philip Morris (NYSE:PM) beat earnings estimates. The New York-based international tobacco company reported higher-than-expected numbers on both the top and bottom lines. Although both profits and revenue fell on a year-over-year basis, investors reacted well to the news, bidding PM stock higher each of the following two days. * 7 Forever Stocks to Buy for Long-Term Gains However, with its high dividend, most investors focus on the payout. The generous yield, along with the 11-year streak of increases, has drawn investors into Philip Morris stock since the beginning. However, investors may want to approach PM stock dividend cautiously, as it faces an unexpected danger. Earnings, Revenue Beat Boosted PM StockFor the fourth quarter, the company reported non-GAAP earnings of $1.25 per share. This came in eight cents ahead of analyst expectations. Despite the higher-than-expected earnings, it still represents a year-over-year drop as PM earned $1.32 per share in the same quarter last year. Revenues of $7.5 billion also beat estimates by $110 million. Still, they fell by 9.5% from last year's $8.29 billion in the year-ago quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors took the news well as PM stock rose by about 1.6% in Thursday trading. It increased by an additional 4.2% on Friday.Much like its former parent Altria (NYSE:MO), PM stock has dealt with the poor reputation and the marginalization of its core product. However, PM tends to maintain its profit growth. The company has also introduced IQOS, a "heat, not burn" smokeless product. It plans to ultimately replace cigarettes with IQOS in the coming years and that may boost profits as well.PM has also maintained steady growth is in its dividend. The company has increased the payout every year since its split off from Altria in 2008. The annual payout for this year will amount to $4.56 per share. This gives today's buyer a yield of about 5.7%.The PM stock price has grown by only 150% of its value since the March 2009 low. Since this significantly lags the 345% increase seen in the S&P 500 over the same period, most stockholders own PM for its dividend. Here investors need to exercise caution. Beware the Payout RatioActivists have long targeted tobacco and have increasingly disliked PM's smokeless alternative. However, the most immediate danger to PM does not lie there. The near-term threat with PM stock lies in its dividend payout ratio -- the percentage of net income paid out in dividends.The dividend payout ratio has risen to over 85%. Consumer defensive issues like Philip Morris stock tend to maintain higher payout ratios. However, even in PM's sector, they typically remain well under 85%. The company's reduced profit should cause concern. If that pace were to continue, PM could place itself in a position where it pays out more in dividends than it earns.Fortunately, analysts believe it can avert this fate. Wall Street forecasts an average growth rate of about 6% per year over the next five years. Alternative lines of business also remain an option. IQOS receives most of the attention in that area. Also, much like Altria invested in Cronos (NASDAQ:CRON), it could enter the cannabis sector. Philip Morris has so far given no indication it has such plans.Still, unless PM sees higher levels of profit growth, dividend growth should remain a major concern. If Philip Morris reports lower revenues and profits, I would recommend getting out before the inevitable dividend cut. The Bottom Line on PM StockThe dividend payout ratio on PM stock poses a more immediate threat to the equity than the reputation of its core product. Philip Morris continues to earn profits. However, the company reported lower profits than last year. This creates a precarious situation, as the company tends to increase its dividend annually and pay out nearly all of its profits in the form of dividends. Any interruption to these increases will devastate PM stock. * 12 2018 Winners That Will Be Big Ol' Losers in 2019 For now, analysts expect profit growth to resume. It has invested heavily in its smokeless product and, like its U.S.-focused counterpart, it could also enter the cannabis market. However, profit growth has become paramount. If profits continue to fall, investors need to smoke PM stock out.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post An Unexpected Danger Could Smoke Philip Morris Stock appeared first on InvestorPlace.
- Investopedia•5 days ago
The Future of the Marijuana Industry in America
Polls show that most Americans favor legalization, and studies on the use of medical marijuana have been promising. Should you invest in cannabis now?
- Bloomberg•6 days ago
Altria Borrows $11.5 Billion in U.S. Bond Sale for Juul Stake
The tobacco giant sold $11.5 billion of senior unsecured bonds in seven parts, according to people with knowledge of initial discussions. The company, famous for its Marlboro cigarettes, is diversifying into areas away from its tobacco roots in search of higher-growth businesses. It’s paying $12.8 billion for a 35 percent stake in e-cigarette maker Juul Labs Inc., and recently invested $1.8 billion in Canadian pot company Cronos Group Inc. to diversify into the cannabis industry.
- Market Realist•6 days ago
How Altria Could Benefit from Its Cronos Group Investment
Why Altria Is Betting Big on JUUL Labs and Cronos Group(Continued from Prior Part)The details of the investment On December 7, Altria Group (MO) announced that it had invested $1.8 billion in Cronos Group (CRON) for a 45% stake in the company, which
- Moody's•6 days ago
Altria Group Inc. -- Moody's Rates Altria's USD Senior Unsecured Note Offering A3; outlook negative
Moody's Investors Service ("Moody's") today assigned an A3 rating to Altria Group Inc.'s ("Altria") USD senior unsecured note offering. Altria's A3 rating is supported by its market position as the largest tobacco company in the United States by sales, its top brands, and its solid and expanding investment portfolio of tobacco and tobacco related products. It also reflects Altria's strong and stable cash flow, underpinned by the relatively inelastic nature of tobacco demand, with positive price/mix continuing to offset volume declines.
- Market Realist•6 days ago
Digging Deep into Altria’s Investment in JUUL Labs
Why Altria Is Betting Big on JUUL Labs and Cronos Group(Continued from Prior Part)Altria’s investment On December 20, Altria Group (MO) announced a $12.8 billion investment in JUUL Labs for a 35% stake in the e-cigarette company. According to the
- Bloomberg•6 days ago
Juul and Pot Are Hazardous to Altria’s Bond Health
The company on Tuesday is set to issue $11.5 billion of senior unsecured bonds in seven parts, which would be the second-largest corporate deal of 2019 behind Anheuser-Busch InBev NV. AB InBev, which has nearly identical(1) credit ratings, priced its 40-year bonds to yield 275 basis points more than the benchmark. All else equal, Altria should have received at least as favorable pricing, considering that the average spread on corporate bonds has persistently narrowed in recent weeks since reaching a 30-month high at the start of the year, Bloomberg Barclays data show.
- InvestorPlace•6 days ago
Is Aurora Cannabis Stock Worth a Buy on Stratospheric Sales?
Aurora Cannabis (NYSE:ACB) has been a rocket this year, with Aurora Cannabis stock spiking about 44%. But things got off to a rocky start this week when the shares dropped by 5%. The main concern for ACB stock investors? The upcoming earnings report. Although the stock has since recovered some of the losses, it's still worth a deeper look into their concerns. Click to Enlarge Source: Shutterstock So let's take a look at the fiscal second-quarter results.Revenue came close to quadrupling to C$54.2 million (in Canadian dollars), while the Street was looking for C$51.84 million (although, there are only two analysts with estimates). Last month, ACB issued its own forecast, which called for the top-line to range from C$50 million and C$55 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis hyper-growth should be no surprise. In October, the Canadian government legalized cannabis for recreational purposes. While there were supply issues and other snafus, the demand was off-the-charts. Note that ACB generated C$21.6 million from the consumer category in the quarter. This came to roughly 20% of marketshare.However, ACB's bottom line was far from inspiring. The company posted a massive loss of C$237.8 million, which was mostly due to charges from investments in cannabis companies. Keep in mind that the company is required to make adjustments to changes in market values.There was also deterioration in gross margins, which is probably the biggest factor impacting Aurora Cannabis stock. They plunged from 70% to 54% on a quarter-over-quarter basis. * 10 Stocks That Every 20-Year-Old Should Buy But on the earnings call, CFO Glen Ibbott noted that the company should be able to reach EBITDA positive by fiscal Q4. He also showed that the company has been disciplined with operating costs. And yes, there should be a big help from surging revenues and improvements in the production process.In the meantime, the medical business continues to get traction. There are currently over 73,000 patients in Canada and ACB is conducting 40 clinical trials and seven pre-clinical studies. Even just a few drug launches could have a major impact on revenues.All this means that high-quality production at scale is critical. To this end, ACB is running at annual production of about 120,000 kilograms and this is expected to increase by 30,000 within a month or so. Bottom Line on Aurora Cannabis StockACB stock is far from cheap. Consider that the market cap is at a hefty $7.3 billion. But then again, the rest of the sector is trading at premium valuations, as seen with Canopy Growth (NYSE:CGC), Tilray (NASDAQ:TLRY) and Cronos Group (NASDAQ:CRON).But this is to be expected because of the massive growth opportunities in the sector. According to Altria (NYSE:MO) CEO Howard Willard, the spending on cannabis is expected to reach $40 billion within the next ten years on a global basis. As a testament to his enthusiasm for the sector, he recently invested $1.8 billion in CRON.As for ACB, it has leveraged its highly valued stock to pull off aggressive M&A. This has allowed the company to gain important footholds in areas like Europe and South America (there is now a presence in 22 countries across five continents). ACB also has been able to assemble a large retail business in Canada.Now as for Aurora Cannabis stock, there will be continued volatility. This is normal for any high-growth company. Besides, the business is diversified, well funded (with a recent convertible note offering of $345 million) and the M&A strategy looks spot on. In other words, for those looking for a play on cannabis, ACB stock is a pretty good choice.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post Is Aurora Cannabis Stock Worth a Buy on Stratospheric Sales? appeared first on InvestorPlace.
- Market Realist•6 days ago
Why Altria Is Betting Big on JUUL Labs and Cronos Group
Why Altria Is Betting Big on JUUL Labs and Cronos GroupAltria’s recent investmentsIn December, Altria Group (MO) made two big announcements. First, on December 7, Altria announced that it would invest $1.8 billion in Cronos Group (CRON), a
Reuters•6 days agoAltria now taps U.S. bond market after Europe to fund Juul deal
The Richmond, Virginia-based tobacco company will issue the U.S. bonds in six tranches in denominations of $2,000 as it looks to pre-pay a term loan arranged by JPMorgan Chase, Altria said in a regulatory filing. Altria said in December it was using a nearly $15 billion term-loan facility with JPMorgan to finance the $12.8 billion price tag for a 35 percent stake in Juul Labs Inc. The loan matures in December this year. The money being raised will support Altria's purchase of Juul as well as Canadian cannabis producer Cronos Group, which it announced in December.
- Motley Fool•6 days ago
Cronos Group Is Slipping -- Buy on the Dip?
Is this high-flying marijuana stock's recent slide a reason for worry, or a great opportunity?
