STOCK TITAN

Altria Group, Inc. - $MO STOCK NEWS

Welcome to our dedicated page for Altria Group news (Ticker: $MO), a resource for investors and traders seeking the latest updates and insights on Altria Group stock.

Altria Group, Inc. (symbol: MO) is a major American corporation renowned for its production and marketing of tobacco, cigarettes, and related products. Headquartered in Henrico County, Virginia, near Richmond, Altria operates globally and is a significant player in the tobacco industry.

Altria's portfolio includes well-known subsidiaries such as Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through these subsidiaries, Altria maintains a leading position in the U.S. cigarette and smokeless tobacco markets, as well as holding the number-two spot in machine-made cigars.

The company's flagship brand, Marlboro, continues to dominate the U.S. market with a 42% annual share in 2022. Altria also holds an 8% interest in Anheuser-Busch InBev, the world's largest brewer, and a 42% stake in cannabis manufacturer Cronos. Recently, Altria acquired Njoy Holdings in 2023 and exited its strategic investment in Juul Labs. Additionally, Altria is involved in a joint venture with Japan Tobacco to explore opportunities in the heated tobacco sector.

The company is consistently active in the market, seeking to innovate and adapt to changing consumer preferences and regulatory landscapes. Altria's financial condition remains robust, supported by its diverse product offerings and strategic partnerships.

Rhea-AI Summary

NJOY, an Altria company, has submitted a Premarket Tobacco Product Application (PMTA) to the FDA for its NJOY ACE 2.0 device, which incorporates Bluetooth®-enabled access restriction to prevent underage use. The company also re-submitted applications for Blueberry and Watermelon pods compatible with NJOY ACE 2.0. Already the sole FDA-authorized pod-based e-vapor product, the NJOY ACE expanded its distribution to over 80,000 stores in Q1 2024, aiming for 100,000 by year-end. Altria's vision is to transition smokers to smoke-free options responsibly. NJOY aims to address previous FDA concerns regarding underage access and hopes for expedited review and authorization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
-
Rhea-AI Summary

Altria Group (NYSE: MO) held its 2024 Annual Meeting of Shareholders, during which CEO Billy Gifford provided remarks and addressed shareholder questions. Preliminary voting results showed the election of 10 Board nominees, the ratification of PricewaterhouseCoopers LLP as independent public accountants for 2024, and the approval of executive compensation on an advisory basis. Two shareholder proposals were not approved. Following the meeting, Altria declared a regular quarterly dividend of $0.98 per share, payable on July 10, 2024, to shareholders of record as of June 14, 2024, with the ex-dividend date also on June 14, 2024. The company continues to focus on transitioning adult smokers to smoke-free products and holds various equity investments, including in Anheuser-Busch InBev and Cronos Group.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
dividends
-
Rhea-AI Summary

Altria Group, Inc. will host a virtual 2024 Annual Meeting of Shareholders on May 16, 2024, where shareholders can vote their shares electronically and submit questions. Non-shareholders can listen as guests but cannot vote or ask questions. The company encourages reviewing business and financial resources and corporate responsibility reports available on their website prior to the meeting.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
conferences
Rhea-AI Summary
Altria Group, Inc. (MO) reports 2024 first-quarter results with a focus on traditional tobacco businesses, NJOY momentum, and strong shareholder returns. Net revenues decreased by 2.5% to $5.6 billion, while adjusted diluted EPS decreased by 2.5% to $1.15. The company reaffirms its 2024 full-year adjusted diluted EPS guidance range of $5.05 to $5.17, with a growth rate of 2% to 4.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
-
Rhea-AI Summary
Altria Group, Inc. (MO) will discuss its 2024 first-quarter business results in a live webcast on April 25, 2024. The CEO and CFO will present and answer questions from investors and media.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
conferences earnings
-
Rhea-AI Summary
Altria Group, Inc. (MO) announces entering accelerated share repurchase transactions to repurchase $2.4 billion of common stock, part of a $3.4 billion share repurchase program. They also closed the sale of 35 million shares of Anheuser-Busch InBev SA/NV (BUD) through a global secondary offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
buyback
Rhea-AI Summary
Altria Group, Inc. (MO) announces a $2.4 billion sale of Anheuser-Busch InBev SA/NV shares through a global offering, including a repurchase by ABI. The company also increases its share repurchase program by $2.4 billion, expecting to complete it by 2024. Altria's 2024 full-year adjusted diluted EPS guidance is raised to $5.05 to $5.17, reflecting positive growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.48%
Tags
buyback earnings
-
Rhea-AI Summary
Altria Group, Inc. announced its intent to sell a portion of its investment in Anheuser-Busch InBev SA/NA through a global secondary offering. Altria plans to sell 35 million ABI ordinary shares, representing approximately 10% ownership. The proceeds will be used for additional share repurchases of Altria's common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.48%
Tags
none
-
Rhea-AI Summary
Altria Group, Inc. (MO) declares a quarterly dividend of $0.98 per share, payable on April 30, 2024, to shareholders of record as of March 25, 2024. The ex-dividend date is March 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
dividends
Rhea-AI Summary
Jacinto J. Hernandez retires from Altria Group, Inc.'s Board of Directors but continues as a strategic advisor under a 5-year agreement. Altria expresses gratitude for his service and highlights his industry experience and financial expertise. Hernandez's background includes roles at Capital Group and Aris Water Solutions, Inc. Altria's Vision aims to lead adult smokers to a smoke-free future, offering a diverse portfolio of tobacco and smoke-free products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.18%
Tags
management

FAQ

What is Altria Group, Inc.?

Altria Group, Inc. is an American corporation that produces and markets tobacco, cigarettes, and related products globally.

Where is Altria headquartered?

Altria is headquartered in Henrico County, Virginia, just outside Richmond.

What are Altria's main subsidiaries?

Altria's main subsidiaries include Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations.

What is the market share of Marlboro in the U.S.?

Marlboro holds a 42% annual share in the U.S. cigarette market as of 2022.

Does Altria have any investments in other industries?

Yes, Altria holds an 8% interest in Anheuser-Busch InBev and a 42% stake in cannabis manufacturer Cronos.

Has Altria made any recent acquisitions?

Altria acquired Njoy Holdings in 2023.

Did Altria exit its investment in Juul Labs?

Yes, Altria recently exited its strategic investment in Juul Labs.

Is Altria involved in the heated tobacco sector?

Yes, Altria operates a joint venture with Japan Tobacco in the heated tobacco category.

How does Altria's financial condition appear?

Altria's financial condition is robust, supported by its diverse product offerings and strategic partnerships.

What is Altria's significance in the tobacco industry?

Altria holds the leading position in the U.S. for cigarettes and smokeless tobacco and is the number-two player in machine-made cigars.

Altria Group, Inc.

NYSE:MO

MO Rankings

MO Stock Data

79.70B
1.76B
0.1%
59.9%
3.51%
Tobacco Manufacturing
Manufacturing
Link
United States of America
RICHMOND

About MO

Altria Group, Inc. is an American corporation and one of the worlds largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond.