Altria Group, Inc.NYSE
Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand
Jenks Jumps • 292 Comments
Jenks Jumps • 292 Comments
Thu, Dec. 8, 12:57 AM
- Surging e-cigarette use by young adults is "a major public health concern," according to the U.S. surgeon general, who will recommend increased regulation of the products in a report set to be released today.
- Those will include higher taxes, raising the minimum age to 21, incorporating e-cigarettes into smoke-free laws and restricting certain marketing efforts.
- Related tickers: MO, BTI, LO, PM, OTCQB:ECIG, OTCPK:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, RAI, OTC:AHII
Wed, Dec. 7, 1:24 PM
Tue, Dec. 6, 8:08 AM
- Philip Morris (NYSE:PM) announces it submitted a Modified Risk Tobacco Products application with the FDA for its electrically heated tobacco product.
- The company expects the FDA to take a minimum of 60 days to complete an administrative review to determine whether to accept the application for substantive review.
- Altria Group (NYSE:MO) has issued a statement of the development.
- "Upon regulatory authorization by the FDA, Altria’s companies have an exclusive license to sell this heated tobacco product in the United States," maintains Altria.
- PM -0.81% premarket to $87.06. MO +0.38% premarket to $63.77.
Thu, Nov. 24, 3:05 AM
- Its official, China expects to issue a nationwide regulation banning smoking in public places before the end of the year.
- The legislation, which will prohibit smoking in all indoor venues, workplaces and public transport, was introduced by the National Health and Family Planning Commission.
- China has more than 300M smokers and is the world's largest producer and consumer of tobacco products, according to the World Health Organization.
- Tobacco stocks: LO, PM, MO, VGR, RAI, BTI, OTCPK:BTAFF, OTC:BATMF, OTCPK:JAPAF, OTCPK:JAPAY
Mon, Nov. 14, 8:00 AM
- Barron's points to a handful of companies which could benefit significantly from a lower corporate tax rate in the future as a result of the GOP election sweep last week.
- Altria Group (NYSE:MO), CSX (NYSE:CSX), Dollar General (NYSE:DG), Kohl's (NYSE:KSS) and CVS Health (NYSE:CVS) all paid out effective tax rates of over 36% during the last five years.
Wed, Nov. 9, 2:35 PM
- Philip Morris International (PM -3.6%), Altria Group (MO -3%) and Reynolds American (RAI -1.6%) trade lower after California approves a state cigarette tax hike up to $2.87 per pack.
- Wells Fargo warns that higher pricing will led to another drop in cigarette volume next year with California accounting for 8% of U.S. volume.
- Tobacco tax initiatives in Colorado, Missouri and North Dakota were defeated.
Wed, Nov. 9, 2:22 AM
- California voters have agreed to significantly raise the tax on cigarettes and vaping devices, but similar measures fell short in Colorado, North Dakota and Missouri.
- California's Proposition 56 will increase taxes on a pack of cigarette from 87 cents to $2.87, bringing it more in line with other states. The measure also sets a tax on e-cigarettes.
- Related tickers: MO, BTI, LO, PM, VGR, RAI, OTCQB:ECIG, OTCPK:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII, OTCPK:JAPAY
Thu, Oct. 27, 7:04 AM
Wed, Oct. 26, 5:30 PM
- ABB, ABMD, ACOR, AET, ALLE, ALV, ALXN, AMT, APD, ASPS, AUO, AVT, AXTA, BBW, BC, BCOR, BGCP, BMS, BMY, BWA, BX, CBG, CCMP, CELG, CFX, CHH, CL, CLF, CMC, CME, CMS, COLB, COP, COR, CRI, CRR, CRS, CVE, CVI, CVRR, CWT, CYS, DFT, DLX, DOW, DPS, EME, EPD, EQGP, EQM, EQT, EXLS, F, FCFS, FCN, FMS, GCI, GLOP, GNC, GOV, GTLS, HCA, HEES, I, IDA, IDCC, IP, IPGP, IRDM, IVZ, LANC, LAZ, LKQ, LLL, MD, MDP, MDXG, MHO, MJN, MO, MPC, MPLX, MSCI, MTH, MTRN, NEWM, NMR, NOK, NOV, NTCT, ODFL, ORI, PATK, PENN, PF, PJC, POT, PRLB, PTEN, PX, QSII, RDN, RGS, ROCK, RTN, SCG, SEE, SFE, SILC, SIRI, SMP, SQNS, SRPT, STM, SUP, SWK, TCK, TDC, TFX, THRM, TKR, TMO, TPH, TPX, TREE, TROW, TUES, TWTR, TZOO, UAN, UFS, UPS, UTHR, VC, VLP, WCC, WEX, WST, WWE, XEL, XRS, YNDX
Fri, Oct. 21, 10:38 AM
- A proposed bid from British American Tobacco bid for Reynolds American has the tobacco sector on the move. A combination of the two would create the largest tobacco company in the world.
- It was only two years ago that Reynolds and Lorillard merged in a dramatic development.
- Gainers today include Altria Group (MO +3.7%), Vector Group (VGR +2.3%), and Turning Point Brands (TPB +1.6%), Imperial Brands (OTCQX:IMBBY +1.7%), and Philip Morris International (PM +1.7%),
- Previously: BAT bids $47B to take Reynolds American ownership to 100% (Oct. 21)
- Previously: Reynolds American confirms British Tobacco offer, shares +20% (Oct. 21)
Wed, Oct. 19, 2:16 PM
- Reynolds American (NYSE:RAI) is down 2.84% after missing Q3 estimates.
- During the company's earnings call, management lowered guidance for 2016 industry cigarette volume to -2.5%, from -2.0% prior. They also updated on the new $2.0B repurchase program, saying $75M of the allowance was tapped during the quarter.
- Notable decliners off the weak sector read include Altria Group (MO -1.3%), Philip Morris (PM -0.6%), and Japan Tobacco (OTCPK:JAPAY -0.9%).
- Reynolds earnings call transcript
- Previously: Reynolds American names Crew as new CEO; Cameron to become chairman (Oct. 19)
Tue, Oct. 11, 10:56 AM
- Altria Group (MO) discloses it holds a voting stake of 9.6% in Anheuser-Busch InBev following the completion of the SABMiller merger.
- Altria's CEO Marty Barrington and CFO Billy Giffords are both on the AB InBev board.
- The company brought in $5.3B in pre-tax cash from the deal, which includes some proceeds from derivatives used to hedge British pound exposure.
- The share repurchase program at Altria is upped to $3B from $1B. The buybacks are expected to be finished before the end of Q2 in 2018.
- Altria full update (.pdf)
Tue, Sep. 20, 4:28 PM
- Shareholders holding sizable positions in SABMiller (OTCPK:SBMRY) are in the spotlight as the company's meeting on September 26 approaches. The vote on the Anheuser-Busch InBev (NYSE:BUD) merger will be the main event of the SABMiller gathering.
- Large institutional shareholders such as BlackRock and State Street Global Advisers are seen approving the deal because they also own interests in BUD and Molson Coors, but the hedge fund vote is harder to forecast. Some hedgies may gamble and skip out on voting by declining to convert their options and derivatives to save on the exercise tax.
- Another reason that the merger vote may be closer than anticipated is that both Altria (NYSE:MO) and the Santo Domingo family are excluded from having a say.
Tue, Sep. 20, 9:24 AM
- Altria Group (NYSE:MO) reaffirms 2016 EPS guidance of $3.01 to $3.07. The consensus estimate from analysts is at $3.05. Altria's guidance doesn't include new charges related to the early retirement of debt.
- Altria expects that its full-year effective tax rate will increase 10 bps to 35.4%.
- The company's guidance update doesn't factor in the Anheuser-Busch InBev-SABMiller combination since the deal hasn't closed yet.
- Source: Press Release
Fri, Sep. 16, 3:23 AM
- A month after assuming regulatory oversight over e-cigarettes, the FDA has cracked down on online sales by the industry, issuing 24 letters to websites for illegal sales to minors.
- The agency hasn't moved to ban online purchases, as many in the industry expected, but the letters show it's closely monitoring those outlets.
- Websites and stores will have 15 days to reply and explain how they plan to prevent future underage sales.
- Related tickers: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, RAI, OTC:AHII
Tue, Sep. 13, 7:39 AM
- There's another bullish call from Wall Street on the tobacco sector this morning as Citi initiates coverage on both Reynolds American (NYSE:RAI) and Altria (NYSE:MO) with Buy ratings.
- Analyst Adam Spielman expects "robust" cigarette demand in the U.S. and points to the potential for dividend increases.
- Philip Morris International(NYSE:PM) is rated at Neutral by Citi. Shares of Philip Morris have outperformed the other two tobacco stocks on a YTD basis (+15% vs. +11% for MO and +4% for RAI).
- Previously: Philip Morris moves higher after Goldman Sachs turns positive (Sept. 12)