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.
Altria Group, Inc. (NYSE: MO) has announced a 4.4% increase in its quarterly dividend, raising it to
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.
Altria Group, Inc. (NYSE: MO) held its 2022 Annual Meeting, where CEO Billy Gifford presented the 2021 financial results and 2022 guidance. Altria expects 2022 adjusted diluted EPS between $4.79 and $4.93, reflecting a 4% to 7% growth from 2021's $4.61, weighted towards the year's second half. Key factors include inflation, COVID-19 impacts, and regulatory changes. Preliminary voting results showed the election of 12 Board nominees and approval of executive compensation. Details, including the effect of special items, will be filed in a Current Report on Form 8-K.
Altria Group, symbol MO, will host its 2022 Annual Meeting of Shareholders on Thursday, May 19, 2022, at 9:00 a.m. Eastern Time. This virtual meeting allows shareholders as of March 28, 2022, to vote electronically and ask questions. Non-shareholders can listen as guests but cannot vote or submit questions. Detailed instructions for participation are available at www.altria.com/webcasts. An archived copy of the webcast will also be accessible at altria.com.
Altria Group, Inc. (NYSE: MO) reported Q1 2022 results with net revenues of $5.892 billion, down 2.4% year-over-year, and adjusted diluted EPS of $1.12, reflecting a 4.7% increase. The company reaffirmed its full-year adjusted diluted EPS guidance between $4.79 and $4.93, with a growth rate of 4% to 7% from 2021. Altria repurchased 11.3 million shares for $576 million and declared $1.6 billion in dividends. Despite challenges from inflation and geopolitical issues, Altria's operations remain stable and focused on advancing smoke-free initiatives.
Altria Group will hold a live audio webcast on April 28, 2022, at 9:00 a.m. Eastern Time to discuss its 2022 first-quarter business results. A press release with results will be issued at 7:00 a.m. Eastern Time the same day. The webcast will feature CEO Billy Gifford and CFO Sal Mancuso, who will also address questions from the investment community. Registration is required for the event, with access details available at altria.com/webcasts. An archived version of the webcast will be posted on the same site.
Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.90 per share, payable on April 29, 2022, to shareholders of record by March 25, 2022. The ex-dividend date is set for March 24, 2022.
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