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) presented at the virtual Consumer Analyst Group of New York Conference, discussing its strategic investments aimed at leading the transition to a smoke-free future. CEO Billy Gifford emphasized the importance of this vision for tobacco consumers, shareholders, and society. Altria reaffirmed its 2022 full-year adjusted diluted earnings per share (EPS) guidance at $4.79 to $4.93, showing 4% to 7% growth from 2021. The company underscores that its guidance considers various economic factors, including inflation and regulatory developments, while planning substantial investments in smoke-free product initiatives.
Altria Group, Inc. (NYSE: MO) announced that a Federal Trade Commission (FTC) Administrative Law Judge dismissed claims regarding its minority investment in JUUL Labs, Inc. The ruling followed a three-week trial, concluding that the evidence did not support the allegations of antitrust violations. The FTC can review the decision, which may also be appealed in U.S. Courts. Altria is focused on leading the transition to smoke-free products.
Altria Group, Inc. (NYSE:MO) has been recognized as a member of CDP's 2021 Supplier Engagement Leaderboard for climate change, placing in the top 8% of companies for supplier engagement on climate issues. The Supplier Engagement Rating (SER) assesses governance, emissions, and value chain engagement. Altria aims to achieve significant sustainability goals by 2030, including a 55% reduction in Scope 1 & 2 emissions and 100% renewable electricity. The company also published its first TCFD report, highlighting its commitment to addressing climate-related risks.
Altria Group, Inc. (NYSE:MO) announced the retirement of Director Dinyar S. Devitre from its Board of Directors after nearly 50 years of service. Mr. Devitre will not seek re-election during the upcoming 2022 Annual Meeting, scheduled for May 19, 2022. His contributions included serving as the Senior Vice President and CFO, and he currently chairs the Finance Committee. Altria aims to transition adult smokers to smoke-free alternatives, supported by its diverse portfolio of tobacco and smoke-free products, including significant investments in Anheuser-Busch InBev (NYSE:BUD).
Altria Group (NYSE: MO) is set to present virtually at the annual Consumer Analyst Group of New York conference on February 22, 2022, at approximately 9:10 a.m. Eastern Time. The presentation will include a pre-recorded segment featuring CEO Billy Gifford and Executive VP and CFO Sal Mancuso. Interested parties can access the live webcast on www.altria.com/webcasts. An archived version will also be available on Altria's website.
Altria Group reported its Q4 2021 and full-year results, highlighting strong financial performance with a net revenue of $26 billion, down 0.5% year-over-year. The company returned over $8.1 billion to shareholders via dividends and share repurchases, marking its largest annual return since 2002. For 2022, Altria expects adjusted diluted EPS between $4.79 and $4.93, indicating a growth rate of 4% to 7%. Notably, challenges remain with the IQOS device following ITC orders and pending PMTA applications for JUUL and on! products.
Altria Group will host a live audio webcast on January 27, 2022, at 9:00 a.m. Eastern Time to discuss its 2021 fourth-quarter and full-year business results. A press release will be issued at 7:00 a.m. Eastern Time on the same day. CEO Billy Gifford and CFO Sal Mancuso will present during the webcast and answer questions from the investment community. Registration is required to access the webcast, which will also be archived for later viewing at altria.com.
Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.90 per share. This dividend is payable on January 10, 2022, to shareholders of record as of December 23, 2021. The ex-dividend date is set for December 22, 2021, providing an opportunity for shareholders to benefit from this income. Altria continues to demonstrate a commitment to returning value to its shareholders through these regular dividend payments.
Altria Group, Inc. (NYSE:MO) has received a double ‘A’ rating from CDP for the second consecutive year, recognizing its efforts in combating climate change and ensuring water security. This rating reflects Altria's commitment to reducing its environmental impact with ambitious targets, including a 55% reduction in Scope 1 & 2 emissions by 2030, achieving 100% renewable electricity, and maintaining water neutrality. The company also published its first standalone TCFD report, becoming the first U.S. tobacco company to support the TCFD.
Altria Group, Inc. (NYSE:MO) has released its inaugural Task Force on Climate-related Financial Disclosures (TCFD) report, becoming the first U.S. tobacco company to join TCFD's 2,700 supporters. The report aims to provide insights on climate-related risks and opportunities, aligning with Altria's commitment to transparency. Sal Mancuso, CFO, emphasizes a science-based approach for both the tobacco industry and climate action. Altria continues to focus on reducing its environmental impact across its operations and value chain.
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