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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.

News

Altria to Host Webcast of 2024 Annual Meeting of Shareholders

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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.

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Altria Reports 2024 First-Quarter Results; Reaffirms Full-Year Guidance

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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%.
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Altria to Host Webcast of 2024 First-Quarter Results

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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.
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Altria Enters $2.4 Billion Accelerated Share Repurchase Transactions in Connection with Closing of Offering of Anheuser-Busch InBev Stock

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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.
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Altria to Significantly Enhance Cash Returns to Shareholders Through Expanded Share Repurchase Program in Connection with Pricing of Offering of Anheuser-Busch InBev Stock; Raises 2024 Full-Year Earnings Guidance

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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.
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Altria Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev

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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.
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Altria Declares Regular Quarterly Dividend of $0.98 Per Share

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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.
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Altria Group, Inc. Announces Retirement of Director Jacinto J. Hernandez From Board of Directors

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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.
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Altria Presents as Part of the Consumer Analyst Group of New York Conference; Reaffirms 2024 Full-Year Earnings Guidance

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Altria Group, Inc. (MO) participates in the Consumer Analyst Group of New York Conference, highlighting progress and growth aspirations.
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Altria to Host Webcast From the Consumer Analyst Group of New York Conference

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Altria Group, Inc. (NYSE: MO) will host a webcast of its business presentation at the annual Consumer Analyst Group of New York conference, featuring the CEO and CFO. The webcast will be available for pre-event registration and will be in a listen-only mode. An archived copy will be available on the company's website. The event is scheduled for February 21, 2024, at 1:00 p.m. Eastern Time.
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FAQ

What is the current stock price of Altria Group (MO)?

The current stock price of Altria Group (MO) is $56.73 as of November 22, 2024.

What is the market cap of Altria Group (MO)?

The market cap of Altria Group (MO) is approximately 96.7B.

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.

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Altria Group, Inc.

NYSE:MO

MO Rankings

#134 Ranked by Market Cap
#343 Ranked by Dividends

MO Stock Data

96.73B
1.69B
0.12%
60.93%
1.57%
Tobacco
Cigarettes
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United States of America
RICHMOND