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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 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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Altria Seeks Importation Ban of JUUL E-Vapor Products; Files Patent Infringement Actions Against JUUL Labs

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.
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Altria Reports 2023 Second-Quarter and First-Half Results; Reaffirms 2023 Full-Year Earnings Guidance

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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.
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Altria to Host Webcast of 2023 Second-Quarter and First-Half Results

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Altria Completes Acquisition of NJOY Holdings, Inc.; Updates 2023 Full-Year Earnings Guidance

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.
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Update on Altria’s Pending Acquisition of NJOY Holdings, Inc.

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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.
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Altria Holds 2023 Annual Meeting of Shareholders; Declares Regular Quarterly Dividend of $0.94 Per Share

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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.
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FAQ

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

The current stock price of Altria Group (MO) is $52.66 as of January 29, 2025.

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

The market cap of Altria Group (MO) is approximately 90.4B.

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

#142 Ranked by Market Cap
#323 Ranked by Dividends

MO Stock Data

90.38B
1.69B
0.12%
60.83%
1.81%
Tobacco
Cigarettes
Link
United States of America
RICHMOND