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Altria Rises After Goldman Sachs Calls It a ‘Buy’
On Friday, Goldman Sachs upgraded Altria Group (MO) from a “neutral” to a “buy” while keeping its price target unchanged at $59.
Has Philip Morris Stock Bottomed Out?
Philip Morris International (PM) was trading at $77.38, which represents a fall of 9.5% since its first-quarter earnings on April 18.
Why Tobacco Stocks Fell on May 28
On May 28, Altria Group (MO) fell 4.8%, while British American Tobacco (BTI) fell 4.1%.
Altria Fell ~6% after Posting Disappointing Q1 Earnings
Altria failed to meet analysts’ revenue and EPS expectations for the first quarter.
Philip Morris Stock Fell despite Strong Q1 Results
Despite strong first-quarter results, Philip Morris was trading in the red early on April 18.
Why Did Altria Stock Fall ~4.8% on April 3?
The FDA’s announcement caused Altria’s stock price to fall. On April 3, the stock price fell to a low of $53.43 before closing the day at $53.98.
Philip Morris Stock Up ~30% this Year: More Upside?
After losing 36.8% of its stock value in 2018, Philip Morris International (PM) began 2019 on a strong note.
Altria’s Stock Price Rose More than 2% on February 22
According to a Bloomberg report on February 22, JUUL Lab’s management expects its revenues to rise to $3.4 billion in 2019.
Strong Fourth-Quarter Earnings Drove Philip Morris Stock
In the fourth quarter, Philip Morris outperformed analysts’ EPS estimate of $1.16 and revenue estimate of $7.39 billion.
Will Philip Morris’s Q4 Earnings Boost Its Stock Price?
Philip Morris International (PM) is scheduled to post its fourth-quarter earnings results before the market opens on February 7.
Can Altria’s Q4 2018 Earnings Boost Its Stock Price?
Altria Group (MO) is scheduled to post its fourth-quarter earnings before the market opens on January 31.
Altria Stock Fell More than 6% after Morgan Stanley’s Downgrade
On January 22, Morgan Stanley downgraded Altria from “equal weight” to “underweight.” Morgan Stanley lowered the target price from $54 to $45.
Altria Stock Has Declined 21.8%: Is It Time to Buy?
As of December 27, Altria Group (MO) was trading at $48.70—a fall of 21.8% since its third-quarter earnings on October 25.
Altria Acquires 35% Stake in Juul Labs
Today, Altria Group (MO) announced a $12.8 billion investment in Juul Labs for a stake of 35% in the e-cigarette company.
Philip Morris Stock Tanks on Credit Suisse Downgrade
Today, Reuters reported that Credit Suisse downgraded Philip Morris International (PM) from “neutral” to “underperform” and lowered its price target to $74 from $92.
Altria Is Set to Invest $1.8 Billion in Cronos Group
Altria Group is all set to leverage growth opportunities in the cannabis space with its decision to buy a stake in Cronos Group.
Correction in Altria’s Stock Price: A Buying Opportunity?
As of November 21, Altria was trading at $54.39—a fall of 12.7% since the announcement of its third-quarter earnings on October 25.
Can Philip Morris’s Q3 2018 Earnings Boost Its Stock Price?
Philip Morris International (PM) plans to announce its Q3 earnings on October 18. Philip Morris’s stock price has declined by 22.1% YTD.
Can We Expect an Upside Potential in Altria Stock?
As of September 17, Altria Group (MO) stock was trading at $62.44, which represents a 7.9% rise since July 26.
Why Did Tobacco Stocks Rally on September 12?
The potential ban on flavored e-cigarettes to be favorable for Altria Group (MO), Philip Morris International (PM), and British American Tobacco (BTI).
Philip Morris Stock Fell on Jefferies Downgrade
Since the beginning of 2018, Philip Morris stock has fallen 24.6% due to an increase in tobacco regulations, a decline in cigarette shipment volumes, and rising competition.
Why Philip Morris’s Q2 2018 Earnings Failed to Impress
Philip Morris International (PM) reported its Q2 earnings on July 19, posting adjusted EPS of $1.41 on revenues of $7.73 billion.
Could Philip Morris’s Q2 2018 Earnings Boost Its Stock Price?
Philip Morris (PM) plans to release its Q2 earnings on July 19. On July 11, PM stock traded at $82.84, down 18.3% from its Q1 earnings.
Philip Morris Stock Rose after Higher Quarterly Dividends
On June 8, Philip Morris International (PM) announced quarterly dividends of $1.14—a rise of 6.5% from its previous quarterly dividends of $1.07.
Altria’s Stock Price Falls on Weak Cigarette Shipment Volume
Altria Group (MO) posted its 1Q18 earnings before the market opened yesterday. What went wrong?
Why Philip Morris’s Stock Price Rose after 4Q17 Earnings
Philip Morris International (PM) posted its 4Q17 earnings before the market opened on February 8.
How Analysts View Altria after Its 4Q17 Earnings
On February 1, 2018, Altria Group (MO) traded at $69.93. On the same day, analysts expected the company’s stock price to reach $77.69.
Why Altria’s 4Q17 Earnings Failed to Impress Investors
Altria Group (MO) posted its 4Q17 earnings on February 1, 2018. The company posted adjusted earnings per share of $0.91 on net revenues of ~$4.7 billion.
How Philip Morris Stock Reacted to Jefferies’ Upgrade
Jefferies’ upgrade of Philip Morris International (PM) appears to have increased investor confidence, leading to a rise in the company’s stock price.
Why Jefferies Upgraded Philip Morris International
On January 19, 2018, Jeffries upgraded Philip Morris International (PM) from “hold” to “buy.”
Could Altria’s 3Q17 Earnings Boost Its Stock Price?
On October 18, 2017, Altria stock was trading at $64.81, which represents a fall of 9.6% since the announcement of its 2Q17 earnings on July 27, 2017.
What Are Analysts Recommending for Altria?
The FDA’s (Food and Drug Administration) recent announcement could have compelled analysts to lower their 12-month target price for Altria Group (MO).
Why Altria Stock Is Seeing Downward Momentum
2017 has been a tough year for Altria. The stock has fallen 5.8% since the beginning of 2017.
Why Altria’s Stock Fell despite Beating 2Q17 Revenue Estimates
Altria Group (MO) announced its 2Q17 earnings on July 27, 2017. The company has posted EPS (earnings per share) of $1.03 on revenues, net of excise taxes, of $5.07 billion.
Altria Group Gets Upgraded to a ‘Buy’
Altria Group (MO) has a market cap of $132.8 billion. It rose 0.33% to close at $67.85 per share on January 4, 2017.
Why Philip Morris’s iQOS Sales in Japan Are Promising
According to the WHO, under the current regulatory regimes, the percentage of the cigarette smoking population is expected to fall from 22% to 19% by 2025.
Citigroup Has Rated Altria Group a ‘Buy’
Altria Group (MO) has a market cap of $129.7 billion. It fell 1.7% to close at $63.55 per share on September 13, 2016.
Altria Group Reaffirms Its 2016 Projections
Altria Group (MO) has a market cap of $130.4 billion. It fell by 0.71% to close at $66.72 per share on September 7, 2016.
Company & Industry Overviews Should You Worry about JVIAX?
The Virtus Foreign Opportunities Fund Class A (JVIAX) is right in the middle of the pack of 12 funds chosen for this review.
Altria Group Declares Dividend of $0.61 per Share
Altria Group (MO) has a market cap of $128.8 billion. It fell by 0.36% to close at $65.92 per share on August 25, 2016.
Altria’s Valuation Is Higher than Peers ahead of 2Q16 Results
Altria Group (MO) and Philip Morris International (PM) are trading at higher valuations relative to the S&P 500 Index (SPY) (IVV) (VOO) and the Dow Jones Industrial Average (DIA).
Exploring Tobacco Companies’ Valuation Drivers
Tobacco companies are trading at higher valuations compared to the S&P 500 Index (SPY) (IVV) (VOO) and the Dow Jones Industrial Average (DIA).
Could Acquisitions Mean Opportunities for the Tobacco Industry?
The US tobacco industry is highly concentrated Its three leading players accounted for a combined retail (XRT) volume share of 86% in 2014.
Reynolds American’s Vuse E-Vapor: 1Q16 Performance
Operating income for the All Other segment decreased by 44.3% to $30 million in 1Q16. Despite a weak top line, Vuse Digital Vapor Cigarette continued to deliver robust results in 1Q16.
Reynolds American in 1Q16: Natural American Spirit Helped
Natural American Spirit’s retail market share increased by 0.3% to 2% in 1Q16 in the US, on a volume growth of 22.1%. Natural American Spirit’s volume grew by double digits, increasing by 22% in 1Q16.
RAI’s Innovation Transformation, No Ban on Flavors from FDA
Reynolds American’s (RAI) key to transformation is robust results and an active innovation pipeline. The company formed RAI Innovation Company to seek alternatives to traditional cigarettes.
Reynolds American’s Camel Brand Ranked Number 3 in the US
Reynolds American (RAI) redesigned Camel’s website in January 2016. The website features a bold, simple design optimized for mobile devices.
How Did Altria’s Smokeless Products Segment Perform in 1Q16?
Altria Group’s (MO) smokeless tobacco product segment’s net revenue rose 11.4% in 1Q16 to $0.5 billion versus $0.4 billion in 1Q15.
Altria’s Wine Segment Delivered Robust 1Q16 Results
Altria Group’s (MO) wine segment’s 1Q16 net revenue rose 8.2% to $0.15 billion compared to $0.13 billion in 1Q15.
Why Altria’s 1Q16 Smokeable Segment’s Shipment Volume Rose
Altria Group’s (MO) smokeable product segment’s net revenue rose 3.8% to $5.4 billion in 1Q16 compared to $5.2 billion in 1Q15.
