MO - Altria Group, Inc.
| Previous close | 39.05 |
| Open | 39.06 |
| Bid | 39.34 x 1000 |
| Ask | 39.52 x 3000 |
| Day's range | 38.94 - 39.73 |
| 52-week range | 30.95 - 52.46 |
| Volume | 597,051 |
| Avg. volume | 13,271,704 |
| Market cap | 72.384B |
| Beta (5Y monthly) | 0.48 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.48 |
| Earnings date | 28 Jul 2020 |
| Forward dividend & yield | 3.36 (8.60%) |
| Ex-dividend date | 12 Jun 2020 |
| 1y target est | 47.86 |
- Motley Fool
3 Stocks to Buy With Dividends Yielding More Than 4%
We travel to tobacco fields, out-of-favor telcos, and even China to find some of the market's top high-yielding stocks.
- Motley Fool
Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
No matter how dire things may have appeared in previous bear markets, bull-market rallies eventually erase all evidence of downward moves in the stock market. Also keep in mind that you don't have to be rich to generate a handsome return from the stock market. With the exception of the oil and gas industry, there's probably not a harder-hit industry lately than bank stocks.
- Motley Fool
Better Marijuana Stock: Aurora Cannabis vs. Cronos Group
Aurora Cannabis (NYSE: ACB) stock has skyrocketed by a triple-digit percentage in recent days after the Canadian cannabis producer reported better-than-expected fiscal 2020 third-quarter results. You might think that after this huge gain, Aurora is outperforming rival Cronos Group (NASDAQ: CRON), which posted Q1 results earlier this month that were below expectations. Which of these two marijuana stocks is the better pick going forward?
- Motley Fool
These 2 Pot Stocks Have the Most Cash to Weather the Downturn
Canopy Growth and Cronos Group have more cash on hand than most other cannabis companies, but are they buys?
- Motley Fool
3 Dividend Stocks to Buy on Sale
With volatility through the roof over the last few months, finding a good dividend stock isn't as easy as it once was. With that in mind, let's take a look at three dividend stocks that are selling for cheap today. AT&T (NYSE: T) has lurched from one repositioning to the next over the last few years.
- Motley Fool
The 3 Top Consumer Discretionary Stocks to Buy Now
Altria's (NYSE: MO) first-quarter earnings report saw sales surge 16% as shipment volumes jumped 6% from the year-ago period. It's also why Altria remains a top stock to buy even when the world isn't falling apart: Its products, like its Marlboro brand of cigarettes, are always in demand and it has been able to pay an ever-rising dividend for years. Shares of the domestic tobacco giant are down 26% this year due to troubles its investments in electronic cigarettes and marijuana have had, causing its payout to currently yield over 9% annually, but that makes its stock more attractive.
- Zacks
Tobacco Industry Outlook Smoking Hot on Pricing & RRP Focus
Tobacco Industry Outlook Smoking Hot on Pricing & RRP Focus
- Zacks
Retirees Should Know These 3 Facts About Required Minimum Distributions - May 14, 2020
Like the majority of investors, you're most likely working on a retirement portfolio that will provide a large enough nest egg to give you a comfortable retirement. Make sure you know all about what financial planners call the accumulation and distribution phases of retirement planning.
- Zacks
The Zacks Analyst Blog Highlights: Amgen, BHP, Altria, Apple and Target
The Zacks Analyst Blog Highlights: Amgen, BHP, Altria, Apple and Target
- Zacks
Top Research Reports for Amgen, BHP, Altria & Others
Top Research Reports for Amgen, BHP, Altria & Others
- Motley Fool
Even With $1.5 Billion in Cash, This Pot Stock Isn't a Buy
Over the past 13 months, the marijuana industry has done a 180 -- and not the good kind. Following a first quarter in 2019 that saw more than a dozen pot stocks gain at least 70%, the past 13 months have featured across-the-board declines for North American cannabis stocks of 50% to 95%. Meanwhile, in the U.S., high tax rates on legal cannabis have made it virtually impossible for retailers to compete with the black market.
- Zacks
Inside the Q1 Earnings Strength of Staples ETFs and Q2 View
Staples stocks had a decent Q1 earnings season but will see negative currency translations in Q2. Plus, not all players in the sector are immune to coronavirus-led lockdowns.
- Motley Fool
E-Cig Maker Juul Reportedly Exiting 5 European Markets
Electronic cigarette leader Juul Labs is reportedly ready to withdraw from a handful of international markets because the regulatory environment has become overly hostile to the device. According to BuzzFeed News, Juul will soon remove its products from shelves in Austria, Belgium, Portugal, France, and Spain. The news outlet reports the European Union's strict requirement that e-cigs contain no more than 20 milligrams of nicotine makes it difficult for Juul and other manufacturers of tobacco alternatives to do business there.
- Motley Fool
3 Dividend Stocks That Should Pay You For the Rest of Your Life
Many investors prefer to invest in stocks they can hold on to forever. Another key offering that these companies bring to their shareholders is dividends. Altria has delivered impressive gains to its dividend investors over time.
- Motley Fool
Altria Group Inc (MO) Q1 2020 Earnings Call Transcript
Today's call is scheduled to last about one hour, including remarks by Altria's management and the question-and-answer session. This morning, Billy Gifford, Altria's CEO will discuss Altria's first quarter business results. Sal Mancuso, our CFO; and Murray Garnick, Executive Vice President and General Counsel, will join Billy in our Q&A session.
- Bloomberg
Boeing and Bond Traders Brace for Junk
(Bloomberg Opinion) -- Both Boeing Co. and bond traders appear to be bracing for a downgrade of the aerospace giant to a junk credit rating. The planemaker is launching a jumbo bond deal that could ultimately raise as much as $20 billion for the company, depending on demand, a person with knowledge of the matter told Bloomberg News. Just a day earlier, Boeing had pledged to explore “all of the available options” to secure sufficient liquidity to weather an unprecedented slump in travel demand that CEO Dave Calhoun has warned could last for three years. S&P Global Ratings lowered its rating on the company’s debt on Wednesday to BBB-, the lowest tier of investment grade, citing expectations for weaker cash flow and earnings over the next few years as Boeing grapples with not only the coronavirus but also the ongoing grounding of its 737 Max jet and production issues with its KC-46 military tanker. The bond deal is being marketed in seven parts, with portions due in three, five, seven, 10, 20, 30 and 40 years. Initial price talk suggests Boeing will have to offer yields more than 500 basis points above Treasuries across maturities. Those are much wider spreads than current secondary-market trading would indicate and are more in line with levels last seen during the depths of the market swoon a month ago.A Bloomberg Barclays index of double-B rated corporate bonds, with an average maturity of about seven years, has a spread of 535 basis points more than Treasuries. Triple-B securities on average yield 266 basis points more than their benchmark. It suggests bankers are going with the tried-and-true strategy of luring in investors with elevated premiums and then tightening pricing before the deal closes. Indeed, in less than four hours, Boeing reportedly received $50 billion of orders for the offering.Arguably the most interesting part of this particular offering is that it comes with a so-called coupon step-up provision. What this means is that under the terms of the deal, Boeing would increase interest payments by 25 basis points each time S&P or Moody’s Investors Service lowered its credit rating by one level into speculative grade. For example, if both S&P and Moody’s downgraded Boeing to their highest speculative grades, BB+ and Ba1, respectively, the coupon would increase by 50 basis points. If S&P alone cut the company by two steps from its current BBB- level, to BB, that also would be worth a 50-basis-point hike in interest. It’s capped at 100 basis points per credit-rating company and 200 basis points in total. This structure has become something of a trend lately for companies teetering on the edge of junk, particularly those in travel-related businesses that have been hard hit by coronavirus lockdowns and a shuttering of global borders. Expedia Group Inc., Marriott International Inc. and Hyatt Hotels Corp. are among those that have used it. Both sides benefit from such an arrangement: Bond buyers get added downside protection to help offset the typical price declines when a company becomes a “fallen angel,” while the firms are likely able to raise more cash than they otherwise could and have yet another reason to defend their investment grades. But another way to read it is that there is a legitimate concern among bond investors about whether the lasting fallout from the coronavirus pandemic may jeopardize these investment-grade credit ratings, and an acknowledgement by the companies of that reality.Asked on Boeing’s earnings call Wednesday how important it was for the company to remain investment-grade, Chief Financial Officer Greg Smith offered less of a hard commitment and more of a preference and acceptance of the fact that the ultimate fate of its rating was somewhat out of its hands. “Certainly, we would like to maintain being investment grade, and I think as you’ve heard and seen, we’re doing everything possible to do that. But look, the market is probably going to impact that more than anything,” Smith said. “At the end of the day, it's going to be what it’s going to be.”While Boeing is eligible to participate in a $17 billion bucket of government stimulus money dedicated to companies involved in work critical to national security and says it’s still reviewing its options on that front, Calhoun has balked at the Treasury Department’s demands for an equity stake and has indicated the mere existence of the $2 trillion CARES package and a Federal Reserve bond-buying program is helping open up the credit markets to companies like his. Boeing ended the first quarter with $15.5 billion in cash and marketable securities after drawing down the full amount of a $13.8 billion term loan, but CFO Smith acknowledged Boeing’s daily cash burn since the end of March was eating into that cushion.Boeing churned through $4.7 billion of cash in the first quarter and said free cash flow will be negative for the year. It does expect that metric to swing to the positive in 2021, although the degree of improvement will be limited by plans to significantly curtail production, particularly on the grounded 737 Max. S&P in its downgrade said it now expects Boeing to generate as much as $10 billion of positive free cash flow next year, after burning through as much as $20 billion in 2020. It had previously expected as much as $14 billion in free cash flow in 2021. A Bloomberg measure of default risk, which incorporates share price and volatility, debt levels, interest expense and trailing 12-month cash flow, deems the company deep into high-yield territory, well below its actual credit ratings from S&P and Moody’sThe history of coupon step-up provisions during the last recession paints a mixed picture. According to data compiled by Bloomberg, these were the three biggest bond sales from December 2007 to June 2009 that had such clauses:Dow Chemical Co. sold $6 billion of debt in May 2009. The notes were rated Baa3 and BBB-. The company never fell to junk. Altria Group Inc. sold $6 billion of notes in November 2008, in what was then the company's biggest ever deal and the largest in the U.S. market since well before the onset of the financial crisis. The debt was rated Baa1 and BBB+. The company never fell to junk. International Paper Co. sold $3 billion of notes in May 2008, in what was its largest debt offering in eight years. The securities were rated Baa3 and BBB. The company never fell to junk.Of course, there were companies that didn’t fare as well. Notably, Residential Capital LLC, the mortgage lending unit of GMAC LLC, sold $1.25 billion of notes maturing in five years in May 2007 with a coupon step-up for downgrades. Not surprisingly, ResCap defaulted on its debt. For investors, the question is whether aerospace companies are this crisis’s equivalent to mortgage lenders, destined to be permanently wounded by the coronavirus impact on travel demand, or if Boeing is still a blue-chip company that can weather any storm.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Motley Fool
Altria Shows Sales Surge as Smokers Stocked Up on Cigarettes for COVID-19 Pandemic
Tobacco, like alcohol, is considered a recession-resistant sector, and the first-quarter earnings report of Marlboro owner Altria (NYSE: MO) underscores why. While price increases helped boost revenue, Altria said "consumer pantry loading due to COVID-19" were a contributing factor to the gains. Net revenue rose to $5.6 billion, but consumers also traded down to cheaper brands, which resulted in its leading Marlboro brand losing 0.5 points of share across all cigarettes, which now stands at 42.8%, and maintaining its share of 56.9% in the premium cigarette category.
- Zacks
Altria's (MO) Q1 Earnings Top Estimates, Guidance Withdrawn
Altria's (MO) first-quarter 2020 results reflect growth in oral tobacco products and smokeable segments. Management withdraws 2020 earnings guidance due to coronavirus.
- Zacks
Altria (MO) Tops Q1 Earnings and Revenue Estimates
Altria (MO) delivered earnings and revenue surprises of 12.37% and 9.23%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Motley Fool
Juul Labs Is Looking to Cut a Third of Its Employees
Juul Labs is considering significant cuts to its workforce. The Wall Street Journal on Wednesday reported that the e-cigarette manufacturer, which is part-owned by tobacco giant Altria Group (NYSE: MO), is considering reducing staff by one-third, or about 900 workers. Juul is also facing more regulatory burdens, with the Federal Trade Commission recently seeking to end Altria's financial investment.
- Zacks
Here's What You Must Note Ahead of Altria's (MO) Q1 Earnings
Altria's (MO) first-quarter 2020 performance is likely to reflect gains from pricing and strength in Smokeless products.
- Yahoo Finance
Earnings extravaganza, FOMC meeting, Q1 GDP: What to know in the week ahead
Investors are bracing for a busy week ahead packed with events that have market-moving potential.
- Zacks
Altria (MO) Earnings Expected to Grow: Should You Buy?
Altria (MO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Altria to Host Webcast of 2020 First-Quarter Results
Altria To Host Webcast Of 2020 First-Quarter Results
- Reuters
Altria CEO Howard Willard steps down, finance head to succeed
Under Willard, 56, who was also the chairman, Altria invested billions of dollars to build stakes in e-cigarette maker Juul Labs Inc and Canadian pot company Cronos Group Inc to counter falling cigarette sales. The U.S. Federal Trade Commission earlier this month filed a complaint aimed at forcing the Marlboro cigarette maker to sell its investment in Juul.
