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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

Murray R. Garnick, Executive Vice President & General Counsel, Announces Decision to Retire

Rhea-AI Summary
Altria Group, Inc. (MO) announces the retirement of Murray R. Garnick, the Executive Vice President & General Counsel, effective April 1, 2024. Robert A. McCarter will succeed him. Altria's leading portfolio includes tobacco products, a vision to transition adult smokers to a smoke-free future, and a diverse range of subsidiaries in combustible and smoke-free products.
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Altria Reports 2023 Fourth-Quarter and Full-Year Results; Provides 2024 Full-Year Earnings Guidance; Announces New $1 Billion Share Repurchase Program

Rhea-AI Summary
Altria Group, Inc. (NYSE: MO) reported its 2023 fourth-quarter and full-year business results, including net revenues, tax rates, and adjusted diluted EPS growth. The company also provided guidance for 2024 full-year adjusted diluted EPS, highlighting strategic investments and shareholder returns.
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Seasoned Financial Expert Max Yzaguirre Named Strategic Advisor of FireFly Automatix, Leader in AV and EV-Driven Professional Turfgrass Mowing Technology

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FireFly Automatix, Inc. appoints M. Max Yzaguirre as a strategic advisor, following the addition of former WPP Group CFO Paul Richardson and capital markets professional Liz Hocker to its board. Yzaguirre brings 35 years of leadership experience and expertise in various industries. FireFly's AMP-L100, the company's first fully autonomous and EV offering, has seen significant success. These appointments are expected to facilitate FireFly's expansion in 2024 and beyond.
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Altria to Host Webcast of 2023 Fourth-Quarter and Full-Year Results

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Altria Group, Inc. (NYSE: MO) will host a live webcast to discuss its 2023 fourth-quarter and full-year business results. The webcast will feature CEO Billy Gifford and CFO Sal Mancuso and will be available on altria.com. The press release will be issued at 7:00 a.m. Eastern Time on February 1, 2024, with the webcast following at 9:00 a.m. Eastern Time. Pre-event registration is required, and an archived copy of the webcast will be available on the company's website.
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Altria Declares Regular Quarterly Dividend of $0.98 Per Share

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Altria Group, Inc. (NYSE: MO) declares a regular quarterly dividend of $0.98 per share, payable on January 10, 2024, to shareholders of record as of December 21, 2023. The ex-dividend date is December 20, 2023.
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Altria Reports 2023 Third-Quarter and Nine-Months Results; Narrows 2023 Full-Year Earnings Guidance

Rhea-AI Summary
Altria Group reports Q3 2023 business results and narrows full-year guidance. Net revenues decreased 4.1% to $6.3 billion. Adjusted diluted EPS remained unchanged at $1.28. Altria expects adjusted diluted EPS growth rate of 1.5% to 3% for 2023. Completed acquisition of NJOY Holdings, Inc. and expects ACE distribution in 70,000 stores by year-end.
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Altria Group, Inc. Announces Retirement of Director Nabil Y. Sakkab From Board of Directors

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.
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NJOY Brings Sweeping Litigation Against Illicit Disposable Vapor Manufacturers

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Altria's operating company NJOY files litigation against 34 manufacturers, distributors, and retailers of illicit disposable e-vapor products in California.
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Altria to Host Webcast of 2023 Third-Quarter and Nine-Months Results

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Altria Group, Inc. to host a live webcast to discuss its 2023 third-quarter and nine-months business results.
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Altria Increases Quarterly Dividend by 4.3% to $0.98 Per Share

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Altria Group, Inc. (NYSE: MO) increases quarterly dividend by 4.3% to $0.98 per share, representing a dividend yield of 9.1%.
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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.

Stock MO logo
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