Profile
Sector:
Consumer DefensiveIndustry:
TobaccoCountry:
United StatesIPO:
01 July 1985Website:
http://www.altria.comNext earnings report:
31 July 2024Last dividends:
14 June 2024Next dividends:
N/APrice
pre-market | 6 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
MO Latest News
Altria stock has lagged the market in recent years. Yet shares are undeniably cheap, sporting an 8.6% dividend yield.
The FDA recently authorized the sale of four menthol-flavored NJOY products from Altria. NJOY could help the company return to revenue growth.
Altria Group's cigarette volumes are declining, but price increases are helping to maintain profits. The company has plenty of room to maintain or grow its dividend payments.
Zacks.com users have recently been watching Altria (MO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Tobacco giant Altria said on Wednesday it had submitted Premarket Tobacco Product Applications (PMTAs) to the U.S. Food and Drug Administration for its on! Plus oral nicotine pouch products.
RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Altria--Altria Announces PMTA Submission for on! PLUS™ Nicotine Pouches.
Altria Group is facing several challenges which are reflected in its rock-bottom valuation, but it has some core strengths which make the stock a Buy. The biggest issue is the secular decline in shipment volume of its smokeable products, which declined by a staggering 10 percentage points YoY in the recent quarter. However, the company is making up for these lost volumes with price increases, and the worst-case scenario for volume decline is also not too bad for the long-term EPS trajectory.
Altria (MO) concluded the recent trading session at $46.42, signifying a -0.06% move from its prior day's close.
Cigarette volumes keep declining, which is especially concerning given MO's recent inability to offset the negative volume effect with pricing power. The Company tries navigating the market with alternative product categories, and there's some positive news regarding that. However, the alternative product segments also face some headwinds (NJOY), or MO is yet to launch its first products (heated tobacco sticks).
Altria (MO) closed the most recent trading day at $46.45, moving +1.55% from the previous trading session.
What type of business is Altria?
Altria Group, Inc. is an American "tobacco" company founded in 1985. It is one of the world's largest producers and sellers of tobacco, cigarettes, and related products, as well as wine products. The range of products produced and sold includes the following categories: smoking tobacco products, cigarettes, cigars, pipe tobacco, premium cigars, smokeless tobacco products, snus (moist tobacco), innovative tobacco products including electronic vaping products, as well as high-quality varietal and blended table and sparkling wines. The main brand of tobacco products is Marlboro - the best-selling brand in the USA for over 40 years. The company's portfolio also includes premium brands such as Virginia Slims, Parliament, Benson & Hedges, Black & Mild; and discount brands including L & M and Basic. The smokeless products line includes premium brands Copenhagen and Skoal, as well as Red Seal and Husky.
What sector is Altria in?
Altria is in the Consumer Defensive sector
What industry is Altria in?
Altria is in the Tobacco industry
What country is Altria from?
Altria is headquartered in United States
When did Altria go public?
Altria initial public offering (IPO) was on 01 July 1985
What is Altria website?
https://www.altria.com
Is Altria in the S&P 500?
Yes, Altria is included in the S&P 500 index
Is Altria in the NASDAQ 100?
No, Altria is not included in the NASDAQ 100 index
Is Altria in the Dow Jones?
No, Altria is not included in the Dow Jones index
When does Altria report earnings?
The next expected earnings date for Altria is 31 July 2024