Altria Group Stock Price, News & Analysis

Altria Group, Inc. (NYSE: MO) announced its Q3 2022 results, reporting net revenues of $6,550 million, a decline of 3.5% year-over-year. The company narrowed its full-year adjusted diluted EPS guidance to $4.81 to $4.89, reflecting a 4.5% to 6% growth from $4.61 in 2021. Altria's share repurchase program saw 8.5 million shares repurchased at an average price of $43.68 in Q3. The company is committed to strengthening its smoke-free portfolio while continuing to provide substantial dividends, totaling approximately $4.9 billion in the first nine months of 2022.

Altria (NYSE:MO) announces a strategic partnership with JT Group to enhance global harm reduction through heated tobacco products. The collaboration includes a joint venture for U.S. marketing and commercialization of heated tobacco stick (HTS) products and an updated pipeline of Altria's own heated tobacco offerings. Altria aims to use this partnership to accelerate the transition of adult smokers away from traditional cigarettes by providing appealing smoke-free alternatives. The JV will see Altria hold a 75% economic interest with a planned investment of $150 million.

Altria (NYSE:MO) has agreed to transfer exclusive U.S. commercialization rights of the IQOS system to Philip Morris International (PMI) for approximately $2.7 billion in cash payments, effective April 30, 2024. The deal includes an immediate $1 billion payment and an additional $1.7 billion by July 2023. This transaction allows Altria to enhance resource allocation towards its 'Moving Beyond Smoking' initiative. Additionally, the company expects the gain to be recorded as deferred on its balance sheet in Q4 2022.

Altria Group (NYSE: MO) will host a live audio webcast on October 27, 2022, at 9:00 a.m. ET to discuss its 2022 third-quarter and nine-months business results. A press release with the business results will be issued at 7:00 a.m. ET. During the event, CEO Billy Gifford and CFO Sal Mancuso will present the results and answer questions from the investment community. The webcast is listen-only, requiring pre-event registration, available at altria.com. An archived webcast will also be accessible after the event.

Altria Group (NYSE: MO) won a jury decision in the U.S. District Court for the Middle District of North Carolina, with damages of $95,233,292 awarded due to patent infringement by Reynolds Vapor's Vuse Alto e-vapor product. Altria successfully argued for a 5.25% royalty rate, which the jury accepted. This ruling reinforces Altria's commitment to protecting its intellectual property as the company transitions towards a smoke-free future, aiming for a significant market shift by 2030.

Altria Group, Inc. (NYSE: MO) has announced a 4.4% increase in its quarterly dividend, raising it to $0.94 per share from $0.90. This dividend will be payable on October 11, 2022 to shareholders of record as of September 15, 2022, with an ex-dividend date of September 14, 2022. The new annualized dividend rate stands at $3.76 per share, yielding 8.2% based on the closing stock price of $45.80 on August 24, 2022. This marks Altria's 57th dividend increase in 53 years.

Altria Group reported its Q2 and H1 2022 results, confirming its full-year adjusted diluted EPS guidance of $4.79 to $4.93, reflecting 4% to 7% growth from 2021. The company’s net revenues for Q2 were $6.54 billion, down 5.7%, and $12.43 billion for the first half, a 4.1% decrease. Despite macroeconomic challenges like inflation, Altria's smokeable products segment showed resilience, particularly Marlboro. Share repurchases totaled $507 million in Q2, with dividends of approximately $1.6 billion. Investors are watching the impact of rising costs and the evolving regulatory landscape.

Altria (NYSE: MO) will host a live audio webcast on July 28, 2022, at 9:00 a.m. Eastern Time to discuss its 2022 second-quarter and first-half business results. A press release with these results will be available at approximately 7:00 a.m. Eastern Time on the same day. The webcast, accessible via altria.com, will feature CEO Billy Gifford and CFO Sal Mancuso addressing the results and answering questions. Pre-event registration is required, and an archived version will be available post-event.

Poda Holdings announced the filing of a management information circular related to the proposed sale of its assets to Altria Client Services for US$100.5 million. The vote is scheduled for June 22, 2022, with a record date of May 18, 2022. A cash distribution of approximately CDN$0.40 per subordinate voting share is anticipated, representing a 167% premium over the share price prior to the announcement. The sale is recommended by a special committee and requires over 66⅔% approval from shareholders. The transaction is subject to necessary approvals and customary closing conditions.