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Altria Group Inc. - MO STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Altria Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Altria Group's position in the market.

Rhea-AI Summary
Nabil Y. Sakkab, a director of Altria Group, Inc., will retire from the Board of Directors after his current term. Altria anticipates holding its 2024 Annual Meeting of Shareholders on May 16, 2024. Sakkab's retirement marks the end of his 15-year tenure and his contributions to Altria. Altria's portfolio includes leading tobacco products and a focus on transitioning adult smokers to smoke-free alternatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.31%
Tags
management
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Rhea-AI Summary
Altria's operating company NJOY files litigation against 34 manufacturers, distributors, and retailers of illicit disposable e-vapor products in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
Tags
none
-
Rhea-AI Summary
Altria Group, Inc. to host a live webcast to discuss its 2023 third-quarter and nine-months business results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
conferences
Rhea-AI Summary
Altria Group, Inc. (NYSE: MO) increases quarterly dividend by 4.3% to $0.98 per share, representing a dividend yield of 9.1%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
dividends
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Rhea-AI Summary
Altria Group's subsidiary NJOY files complaint against JUUL Labs with the U.S. International Trade Commission seeking a ban on certain JUUL e-vapor products due to patent infringement. NJOY also files a complaint in the U.S. District Court for the District of Delaware. NJOY ACE is currently the only pod-based e-vapor product authorized by the FDA. Altria Group is a leading tobacco products company with a portfolio of combustible and smoke-free products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
none
-
Rhea-AI Summary
Altria Group reports solid first-half results, reaffirms guidance for 2023 full-year adjusted diluted EPS growth rate of 1% to 4%. Q2 2023 net revenues decreased by 0.5% to $6.5 billion, while adjusted diluted EPS increased by 4.0% to $1.31. The company completed the acquisition of NJOY and received a final payment of $1.8 billion from PMI. They repurchased 10.4 million shares and paid dividends of $1.7 billion in Q2.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
Tags
conferences earnings
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Rhea-AI Summary
Altria Group has completed its acquisition of NJOY Holdings and updated its guidance for 2023 full-year adjusted diluted earnings per share. The company aims to accelerate adoption of NJOY ACE, the only pod-based e-vapor product authorized by the FDA. Altria expects the transaction to be accretive to cash flow in 2025 and adjusted diluted EPS in 2026. The company plans to invest in smoke-free product research, development, and regulatory preparation expenses. The estimated 2023 full-year adjusted diluted EPS is in the range of $4.89 to $5.03.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
acquisition earnings
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Rhea-AI Summary
Altria Group, Inc. announces the expiration of the waiting period for its acquisition of NJOY Holdings, Inc. No further regulatory review is required. The Transaction is expected to be completed in Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
Tags
acquisition
Rhea-AI Summary
Altria Group, Inc. holds its 2023 Annual Meeting of Shareholders, announces preliminary voting results and declares a regular quarterly dividend of $0.94 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
dividends
Altria Group Inc.

NYSE:MO

MO Rankings

MO Stock Data

76.99B
1.76B
0.09%
57.34%
0.78%
Tobacco Manufacturing
Manufacturing
Link
US
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.