Altria Group, Inc. (MO) - NYSE
  • Today, 7:38 AM
    • Altria (NYSE:MO) reports a 5% drop in volume for smokeable products in Q2. Volume for the Marlboro brand was down 5.5%.
    • Retail cigarette market share held steady at 51.4%. Cigar market share fell 110 bps to 26.7%.
    • Adjusted OCI margin for smokeable products rose 260 bps to 50.1%.
    • Revenue for smokeless products was up 9% to $523M on a 4% gain in volume. Retail market share for the category improved 110 bps to 55.8%.
    • Altria increases full-year EPS guidance to $3.01-$3.07 vs. $3.05 consensus. The company expects a full-year effective tax rate of 35.3%.
    • Previously: Altria beats by $0.01, misses on revenue (July 27)
    • MO +0.68% premarket to $68.39.
    | Today, 7:38 AM | 14 Comments
  • Today, 7:03 AM
    • Altria (NYSE:MO): Q2 EPS of $0.81 beats by $0.01.
    • Revenue of $4.88B (flat Y/Y) misses by $130M.
    • Press Release
    | Today, 7:03 AM | 14 Comments
  • Yesterday, 5:30 PM
  • Yesterday, 11:34 AM
    • Bloomberg Gadfly outlines the case on why the board at SABMiller (OTCPK:SBMRY) should reject the upped offer from Anheuser-Busch InBev (BUD +1%).
    • Though the new deal valued at $104B offers larger shareholders such as Altria (MO -0.8%), Bevco, and hedge funds improved partial share alternative benefits, the premium is still on the thin side for smaller investors due to the pound devaluation.
    • Also, the risks of combining two companies with dramatically opposing cultures can't be ignored, warns Bloomberg.
    • SABMiller's board is expected to review the offer after regulators in China weigh in on the merger.
    • Previously: AB InBev sweetens offer for SABMiller (July 26)
    | Yesterday, 11:34 AM | 9 Comments
  • Tue, Jul. 19, 10:50 AM
    • Anheuser-Busch InBev (BUD -1%) is lower ahead of SABMiller's highly-anticipated annual meeting scheduled for Thursday.
    • The meeting takes on added significance with more reports out indicating that new activist investors may push the company to seek a better deal out of Anheuser-Busch. They could face some resistance from large stakeholders Altria (NYSE:MO) and the Santo Domingo family which are in line for a more favorable "partial share alternative" in the merger due to the recent drop in the pound and gain in BUD's share price.
    | Tue, Jul. 19, 10:50 AM | 3 Comments
  • Mon, Jul. 18, 11:02 AM
    • Japan Tobacco (OTCPK:JAPAF, OTCPK:JAPAY) is making a strong play to grab market share in the U.S. with a new brand priced very low.
    • LD cigarettes cost $2.81 per pack at select stores in North Carolina and South Carolina in a limited roll-out of the budget brand.
    • Japan Tobacco faces an uphill battle in grabbing shelf space in the U.S. from cigarette heavyweights Altra (MO -0.5%) and Reynolds American (RAI -0.2%).
    | Mon, Jul. 18, 11:02 AM | 10 Comments
  • Wed, Jul. 13, 11:35 AM
    • It's steady as she goes again for the group of well-known consumer staples stocks that investors continue to find appealing amid global volatility and low interest rates.
    • Procter & Gamble (PG +0.2%), Colgate-Palmolive (CL +0.4%), Clorox (CLX +0.6%), Kimbery-Clark (KMB +0.3%), Coca-Cola (KO +0.2%), PepsiCo (PEP +0.7%), Altria Group (MO +0.5%), Philip Morris International (PM +0.1%), Church & Dwight (CHD +0.3%), and Unilever (UN, UL) have all outperformed the S&P 500 Index this year with returns ranging from 7% to 18%. Kraft Heinz (KHC +1%), Energizer (ENR -0.6%), Hershey (HSY +0.4%), Campbell Soup (CPB +0.3%), and J.M. Smucker (SJM +0.4%) are all up at least 20% YTD.
    • Goldman Sachs has an explanation on why a generous valuation is warranted for the staples favorites.
    • "We raise our average Staples target multiples to 20-22X P/E, up from the 19-20X range prior, to reflect the recent decline in 10-year yield as well as some likelihood of a slower rise in yield over the next 12 months and broader market volatility," wrote the MNST)+(NYSE:STZ)+(NYSE:PF)/11822884.html" target="_blank">analyst team covering the sector in a note to investors.
    • Top consumer staples picks from GS include Monster Beverage (MNST +0.4%), Constellation Brands (STZ +0.2%), Pinnacle Foods (PF +1.2%), and Post Holdings (POST +0.5%).
    • Consumer staples ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
    | Wed, Jul. 13, 11:35 AM | 18 Comments
  • Mon, Jun. 27, 11:16 AM
    | Mon, Jun. 27, 11:16 AM | 83 Comments
  • Fri, Jun. 24, 1:22 PM
    • U.S. tobacco stocks are higher, bucking today's broad downturn, as investors view the group as a relatively safe haven in a risk-off environment.
    • Shares of Altria (MO +2.2%), the no. 1 U.S. cigarette maker, hit a 52-week high of $67.98 earlier and continue to sport solid gains, and Reynolds American (RAI +1.8%) remains strong after touching a more than three-month high of $51.84.
    • "With Brexit potentially delaying a rate hike in the U.S., this move likely favors our higher-yielding names, and in particular U.S. tobacco (RAI and MO)," according to analysts at Cowen.
    • However, Philip Morris International (PM -3%), which generated more than a third of its revenue from the European Union last year, is sharply lower.
    | Fri, Jun. 24, 1:22 PM | 17 Comments
  • Fri, Jun. 24, 12:30 PM
  • Thu, Jun. 9, 10:03 AM
    • A new law in California requiring purchasers of tobacco products to be 21 years of age went into effect today. California is the second state after Hawaii to set the higher age limit.
    • Some forecasts suggest the number of smokers will drop in the state by over 10%, even factoring in for illegal purchasing.
    • The new tobacco rules in California also reclassify e-cigarette and vapor products as "traditional" tobacco products.
    • Related stocks: PM, MO, VGR, RAI, OTCQX:ITYBF, OTCPK:JAPAY, BTI, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII.
    | Thu, Jun. 9, 10:03 AM | 49 Comments
  • Wed, Jun. 1, 4:04 AM
    • Following the lead of Britain and Australia, Canada is making plain packaging of cigarettes compulsory in a bid to cut the rate of smoking.
    • Although the country already obliges firms to slap large graphic warning labels on cigarette boxes, the new measures would require a uniform, standardized color and font on packs and restrict the use of logos and trademarks.
    • Related stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBF, BTI
    | Wed, Jun. 1, 4:04 AM | 56 Comments
  • Thu, May 26, 2:08 PM
    • Altria Group (MOfiles a lawsuit against the FDA over the use of the Black & Mild brand name.
    • The government agency instituted a new rule earlier this month prohibiting the use of "mild" in describing cigar products due to the implication on health.
    • Altria's legal action contends that the FDA has overstepped and is in violation of the First Amendment.
    | Thu, May 26, 2:08 PM | 24 Comments
  • Tue, May 24, 2:06 PM
    • Altria Group (MO +0.8%) faces a lawsuit from the family of baseball Hall-of-Famer Tony Gwynn who died of salivary-gland cancer.
    • The suit contends that the company had a responsibility to disclose the risk of smokeless tobacco to longtime Skoal user Gwynn who won 8 National League batting titles in a storied career.
    • No specific damages amount was asked for by the Gwynn family in the filing.
    | Tue, May 24, 2:06 PM | 69 Comments
  • Mon, May 23, 6:35 AM
    • It the latest setback for Big Tobacco, French insurer AXA (OTCQX:AXAHY) plans to stop investing in the industry, citing the impact of smoking on public health, and said it plans to sell its €1.8B of assets in the sector.
    • "With this divestment from tobacco, we are doing our share to support the efforts of governments around the world," incoming AXA Chief Executive Thomas Buberl said in a statement.
    • Tobacco stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, BTI, OTCPK:BTAFF, OTC:BATMF, OTCPK:JAPAF, OTCPK:JAPAY.
    | Mon, May 23, 6:35 AM | 40 Comments
  • Thu, May 19, 1:28 PM
    • Altria (NYSE:MO) declares $0.565/share quarterly dividend, in line with previous.
    • Forward yield 3.6%
    • Payable July 11; for shareholders of record June 15; ex-div June 13.
    | Thu, May 19, 1:28 PM | 23 Comments
Company Description
Altria Group, Inc. operates as a holding company which produces and markets tobacco products. The company operates its business through three segments: Smokeable Products, Smokeless Products and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and... More
Industry: Cigarettes
Country: United States