A recent deal by Altria Group involving its stake in Juul Labs could pave the way for the sale of the cigarette maker’s $11 billion interest in Anheuser-Busch Inbev Altria (ticker: MO) last week swapp...
Tag: Altria
Marlboro maker Altria to buy NJOY
In a bid to strengthen its portfolio of smoke-free products, Altria Group said Monday it would buy e-cigarette startup NJOY for $2.75 billion. Altria, which makes Marlboro cigarettes, will have full g...
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Altria makes $2.75B investment in e-cigarette startup NJOY
Days after exiting its stake in troubled electronic cigarette maker Juul, Altria announced a $2.75 billion investment in rival electronic cigarette startup NJOY. The Marlboro maker gets full ownership...
Altria exits vaping group Juul after stake plummets in value
Marlboro maker Altria has swapped its minority stake in Juul Labs for intellectual property rights to some of the e-cigarette company’s heated tobacco prototypes, ending an investment which plummeted ...
Altria tops earnings estimates for Q4, board approves $1 billion share buyback program
Altria Group Inc. MO, +4.95% said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share, in the year-earlier period. Exclu...
Altria to claim $483 mln capital loss on cannabis company ownership stake
Altria Group Inc. MO, -0.56% said Monday it will continue to evaluate prospects of cannabis company Cronos Group Inc. CRON, -3.86% on whether it will acquire additional common shares of Cronos or disp...
Are There Any Businesses That Thrive In Recessions?
| Getty Images Key Takeaways When consumers spend less, profit slows, forcing businesses to cut costs and assume a more defensive stance. For some industries, consumers will continue to spend, which m...
Philip Morris Declares Victory in Bid for Swedish Match
Philip Morris International is pushing ahead with its takeover of smaller tobacco rival Swedish Match despite falling short of winning over shareholders with around 90% of the target’s stock. On Monda...
Altria (MO) Q3 2022 earnings
Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Cigarette maker Altria Group on Thursday reported third-quarter ear...
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own strategies. In a reg...
Altria to Invest in Rival Vaping Products. Ends Noncompete Agreement With Juul.
Altria on Friday said it’s looking to end its noncompete agreement with Juul, the e-cigarette maker in which it owns a stake. This will give the maker of Marlboro cigarettes a chance to start up its o...
What Are Dividend Stocks?
Financial planning getty Dividend stocks are securities that include a regular distribution of the issuing company’s earnings. They operate like ordinary stocks and represent a share of ownership in a...
Uber, DoorDash, Spirit, Altria and more
Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a dea...
Buy Altria for the dividend yield of 8.34% as the price finds support at $43
Altria Group Inc (NYSE:MO) is trading at $43.91. The stock appears to establish a new support level at $43. Here is why we think Altria Group is a strong buy. Altria Group operates in a consumer defen...
FDA Bans All Juul Products In The United States
Getty Images Key takeaways On Thursday, the FDA officially banned all Juul products in the United States on concerns of its impact on youth nicotine use Juul plans to file a stay and appeal the ruling...
Is Altria Stock a Buy Despite FDA Plans to Take JUUL Products off the Market? Analyst Weighs In
Altria (MO) investors got smoke in their eyes on Wednesday, seeing the shares shed 9% in the session. The decline came on account of a report stating the FDA is readying to order Juul to pull its vapo...
Altria Stock Dives On Report FDA Will Order Juul’s Vapes Pulled From U.S.| Investor’s Business Daily
Altria stock slid more than 8% on Wednesday following a report that the FDA plans to order Juul to pull its electronic cigarettes off the market in the U.S. — posing big risks for the tobacco giant...
Altria shares just slipped 10%: explore why
Altria Group Inc (NYSE: MO) is down 10% this morning on a report that said the Food and Drug Administration wants Juul Labs’ e-cigarettes out of the U.S. market. Altria Group has a 35% stake in ...
Nike, La-Z-Boy, Altria Group, Coinbase, Dow & more
People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021. Florence Lo | Reuters Check out the companies making headlines in midday tradi...
Altria stock dives to lead the S&P 500 decliners after Morgan Stanley turns bearish
Shares of Altria Group Inc. MO, -8.37% dove 7.1% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, -1.08% decliners, after Morgan Stanley analyst Pamela Kaufman turned bearis...
Altria Stock Gets Downgraded by Morgan Stanley. Gas Prices Are Partly to Blame.
Text size Analyst Pamela Kaufman lowered her price target to $50 from $54. Illustration by Joel Arbaje Altria Group stock fell Wednesday after Morgan Stanley warned of increasing headwinds to the ciga...
Altria Group Shares Cross 7% Yield Mark
In trading on Wednesday, shares of Altria Group were yielding above the 7% mark based on its quarterly dividend (annualized to $3.6), with the stock changing hands as low as $50.00 on the day. Dividen...
Buy the Dip: Schwab, Lyft, Altria, Kimberly-Clark
Inflation is the watchword on Wall Street this week, with the U.S. inflation rate soaring to 8.5% in March – the highest in 40 years. Now, TheStreet’s Tom Graff is wondering if inflation and the econo...
Walmart Is Removing Cigarettes in Some Stores. Philip Morris and Altria Stock Fall.
Text size Bruce Bennett/Getty Images Shares of cigarette makers fell Monday as Walmart plans to end cigarette sales in some U.S. stores, The Wall Street Journal reported, citing people familiar with t...
Altria Shakes Off a Sell Rating and Gets an Upgrade
Text size Rising macroeconomic uncertainty contributed to a downgrade of Altria’s stock in early June. Fabrice Coffrini/AFP via Getty Images Altria Group stock was rising Friday after the tobacc...