Altria Group Inc

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Philip Morris International (PM) announced its 3Q17 earnings on October 19. The company posted adjusted EPS (earnings per share) of $1.27 on revenues of $7.47 billion.

In recent years, vaping devices or e-cigarettes have been considered safer than tobacco cigarettes. However, the rise in vaping is now a matter of concern.

Cannabis legalization is heating up. More states are coming forward to legalize marijuana. Cannabis is also gaining global popularity.

Cannabis company Cronos Group has expanded its presence in the US cannabidiol market through a tie-up with tobacco company Altria Group.

Vaping has become very popular. However, investigations by the FTC and FDA sparked more concerns. Juul’s vaping devices could cause seizures.

The FDA’s (Food and Drug Administration) recent announcement could have compelled analysts to lower their 12-month target price for Altria Group (MO).

On October 7, Anheuser-Busch InBev announced a formal cash bid of 42.2 pounds per share to SABMiller’s board. This was the third offer rejected by SABMiller.

During its latest earnings call, Aphria (APHA) stated that vapes and concentrates could form a major share of Canada’s recreational market by 2021.

In the third quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.17 billion.

Philip Morris stock has risen as much as 3.2 percent in the pre-market session today as of 8:55 a.m. ET. The company posted its second-quarter results.

So far this year, Philip Morris International (NYSE:PM) and Altria Group (NYSE:MO) have underperformed the broader equity markets.

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AT&T stock is prospering, while Netflix’s problems could be rising. We also have the latest earnings including U.S. Steel and Chevron today.

Altria (MO) stock has dipped roughly 5% so far in 2019, underperforming the broader market. MO stock is trading about 10% above its 52-week low price.

Today, Philip Morris International (PM) was trading ~0.8% higher at 11:05 AM EST.

The Consumer Staples Select Sector SPDR ETF (XLP) rose 10.5% in the first quarter of 2019.

The segment has posted revenue of $4.1 billion, which represents a rise of 1.9% from $3.94 billion in the fourth quarter of 2017.

Today, Altria Group (MO) announced a $12.8 billion investment in Juul Labs for a stake of 35% in the e-cigarette company.

As of September 17, Altria Group (MO) stock was trading at $62.44, which represents a 7.9% rise since July 26.

In 2Q17, Altria’s (MO) Smokeable Products segment generated 86.1% of the company’s total revenues.

Altria Group (MO) announced its 4Q16 earnings on February 1, 2017. The company posted net revenue of $4.7 billion and EPS (earnings per share) of $5.27.

Philip Morris International (PM), a US-based tobacco company, is set to announce its 4Q16 earnings on February 2, 2017, before the market opens.

Vector Group (VGR) has a market cap of 2.9 billion. It fell 2.0% to close at $22.75 per share on January 19, 2017.

On January 17, 2017, Margaret H. Georgiadis was appointed as Mattel’s new chief executive officer, effective February 8, 2017.

Vector Group (VGR) has a market cap of $2.7 billion. Its stock rose 0.82% to close at $20.97 per share on December 6, 2016.

In 2016, Altria’s share price has risen 7.8% YTD. During the same period, peers Philip Morris and Reynolds American have risen 9.9% and 4.4%, respectively.

Jefferies has initiated coverage of Philip Morris International with a “hold” rating and set the stock’s price target at $96 per share.

Philip Morris International (PM) has a market cap of $159.4 billion. It fell 1.7% to close at $98.93 per share on September 13, 2016.

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.

Price movement Philip Morris International (PM) has a market cap of $162.2 billion. It rose 3.2% to close at $100.64 per share on September 12, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.1%, 1.8%, and 16.9%, respectively, on the same day. PM is trading 0.49% above its 20-day moving average, […]

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.

Philip Morris International (PM) has a market cap of $155.4 billion. It rose by 0.78% to close at $99.17 per share on August 10, 2016.

As a result of decreased operating income, Philip Morris’s (PM) operating margin fell by 2.8% to 41.9% in 1Q16.

The Wall Street consensus analyst expectation for Philip Morris’s adjusted diluted EPS in 2Q16 is $1.19 per share.

Philip Morris International (PM) has a market cap of $160.6 billion. Its stock rose by 1.3% to close at $103.09 per share on July 8, 2016.

Philip Morris International (PM) has a market cap of $151.6 billion. It fell by 4.1% to close at $97.71 per share on June 24, 2016.

Altria’s major strength is its diversified portfolio, which includes wine and beer assets. Altria has the most diverse business model among US peers.

Altria’s business faces threats of high scrutiny, taxation, and regulation. Prohibitions on cigarette sales and smoking bans in public places affect sales.

Altria’s subsidiary Ste. Michelle is a leading producer of Washington state wines. It owns wineries and distributes wines in several regions and countries.

Altria’s R&D expenses for fiscal 2014 were $0.2 billion, or 0.9% of net sales. Its R&D expenses upped by 9.2% in 2014, reflecting a trend toward innovation.

MO’s tobacco business segment consists of smokeable and smokeless tobacco products. The company’s smokeable tobacco companies include PM USA and Middleton.

Philip Morris oversees the distribution of tobacco products in more than 180 countries and territories and owns 50 manufacturing facilities across 23 markets.