Altria Group Stock Price, News & Analysis

Altria Group hosted an investor day conference in New York, detailing its 2028 Enterprise Goals for financial metrics and smoke-free product growth. Key aims include achieving mid-single digit growth in adjusted diluted EPS by 2028 and doubling smoke-free net revenues to $5 billion by growing volumes by at least 35% from 2022 levels. The company reaffirmed its 2023 full-year adjusted diluted EPS guidance of $4.98 to $5.13, reflecting 3% to 6% growth from 2022. Altria's internal product development updates included new smoke-free innovations like SWIC and on! PLUS, with regulatory applications yet to be filed.

Altria Group will host a live webcast of its Investor Day on March 23, 2023, in New York, NY. The event will start at 9:00 a.m. and conclude around 12:30 p.m. Eastern Time. Presentations will be led by Billy Gifford, Altria's CEO, alongside key leadership members. This webcast is available in listen-only mode, and registration is required in advance. Interested participants can find registration details at www.altria.com/webcasts. An archived version of the presentation will be accessible on Altria's website after the event.

Altria Group, Inc. (NYSE: MO) announced a definitive agreement to acquire NJOY Holdings, Inc., a significant move in the company's strategy to enhance its portfolio in the tobacco industry. The announcement was made via a press release at 7:00 a.m. ET on March 6, 2023, followed by a live webcast at 9:00 a.m. ET to discuss the acquisition details. CEO Billy Gifford will lead the discussion, aimed at addressing investor queries. The webcast can be accessed at altria.com.

Altria Group has announced a definitive agreement to acquire NJOY Holdings for about $2.75 billion in cash. The deal includes up to $500 million in contingent payments based on regulatory approvals of certain NJOY products. NJOY’s e-vapor product, NJOY ACE, is the only pod-based e-vapor product authorized by the FDA. Altria aims to leverage its extensive commercial resources to bolster NJOY's market presence, enhancing its smoke-free product portfolio. This acquisition is poised to be accretive to cash flow within two years and improve adjusted diluted EPS within three years.

Altria Group, Inc. (NYSE:MO) has exchanged its minority investment in JUUL Labs, Inc. for a non-exclusive global license to JUUL's heated tobacco intellectual property. This decision comes amid JUUL's ongoing regulatory challenges. CEO Billy Gifford stated this strategy aligns with their business objectives. As of December 31, 2022, the carrying value of Altria's JUUL investment was $250 million, which will be recorded in Q1 2023 as a special item in earnings. The transaction reflects Altria's focus on the e-vapor market and its commitment to lead a smoke-free future.

Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.94 per share. This dividend will be payable on April 28, 2023 to shareholders of record by March 24, 2023, with an ex-dividend date of March 23, 2023. This consistent dividend payment reflects Altria's commitment to returning value to its shareholders.

Altria Group, Inc. (NYSE: MO) reported a strong financial performance for Q4 2022 and the full year, with adjusted diluted EPS growth of 5%. Highlights include net revenues of $6.1 billion in Q4, down 2.3% year-over-year, and full-year revenues of $25.1 billion, a 3.5% decline. The company expects 2023 adjusted diluted EPS between $4.98 and $5.13, indicating growth of 3% to 6%. Share repurchases totaled $1.8 billion for 2022, with a new $1 billion program authorized. The firm maintained a dividend payout of $6.6 billion for 2022. Despite some market challenges, brand loyalty and strategic investments position Altria for future growth.

Altria Group (NYSE: MO) will host a live audio webcast on February 1, 2023, at 9:00 a.m. Eastern Time, to discuss its 2022 fourth-quarter and full-year business results. A press release detailing these results will be issued at approximately 7:00 a.m. Eastern Time the same day. CEO Billy Gifford and CFO Sal Mancuso will present the findings and answer questions from the media and investors. The webcast is in listen-only mode, and pre-event registration is required. An archived version will be available on altria.com after the event.

Altria (NYSE: MO) will undertake an equity and civil rights assessment following a shareholder proposal from 2022. This initiative aims to enhance transparency and stakeholder alignment while addressing issues related to tobacco harm. The assessment will be led by Altria and overseen by an external advisory board of experts in civil rights and public health. A report detailing the findings is expected within 12 months. Feedback from top shareholders, representing 43% of outstanding shares, has informed the approach to the assessment.