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Last $52.38 USD
Change Today -1.21 / -2.26%
Volume 7.1M
MO On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

altria group inc (MO) Snapshot

Open
$53.00
Previous Close
$53.59
Day High
$53.08
Day Low
$52.14
52 Week High
03/2/15 - $56.70
52 Week Low
09/11/14 - $42.92
Market Cap
102.7B
Average Volume 10 Days
8.4M
EPS TTM
$2.73
Shares Outstanding
2.0B
EX-Date
09/11/15
P/E TM
19.2x
Dividend
$2.26
Dividend Yield
3.97%
Current Stock Chart for ALTRIA GROUP INC (MO)

altria group inc (MO) Related Businessweek News

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altria group inc (MO) Details

Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names. The company also produces and sells blended table wines under the Chateau Ste. Michelle, Columbia Crest, and 14 Hands names; and imports and markets Antinori and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in aircraft, rail and surface transport, electric power, real estate, and manufacturing industries. The company sells its tobacco products primarily to wholesalers, including distributors; large retail organizations, such as chain stores; and the armed services. Altria Group, Inc. was founded in 1919 and is headquartered in Richmond, Virginia.

9,000 Employees
Last Reported Date: 02/25/15
Founded in 1919

altria group inc (MO) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Operating Officer
Total Annual Compensation: $676.8K
Chief Executive Officer of Altria Group Distr...
Total Annual Compensation: $850.8K
Executive Vice President and General Counsel
Total Annual Compensation: $890.5K
Compensation as of Fiscal Year 2014.

altria group inc (MO) Key Developments

Altria Group, Inc. Enters into Extension Agreement to Amend Its $3.0 Billion Senior Unsecured 5-Year Revolving Credit Agreement

Effective August 19, 2015, Altria Group Inc. entered into an extension agreement to amend its $3.0 billion senior unsecured 5-year revolving credit agreement, dated as of August 19, 2013, with the lenders party thereto and JPMorgan Chase Bank, N.A. and Citibank, N.A., as administrative agents. The extension agreement extends the expiration date of the credit agreement from August 19, 2019 to August 19, 2020. All other terms and conditions of the credit agreement remain in full force and effect.

Altria Group Inc. Announces Quarterly Dividend, Payable on October 9, 2015

Altria Group Inc. announced that its Board of Directors voted to increase Altria’s regular quarterly dividend by 8.7% to $0.565 per common share versus the previous rate of $0.52 per common share. The quarterly dividend is payable on October 9, 2015, to shareholders of record as of September 15, 2015. The ex-dividend date is September 11, 2015.

Altria Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015; Revised Earnings Guidance for the Full Year of 2015

Altria Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net revenues were $6,613 million against $6,256 million last year. Operating income was $2,224 million against $1,975 million last year. Earnings before income taxes were $2,254 million against $1,945 million last year. Net earnings attributable to Altria Group Inc. were $1,448 million or $0.74 per basic and diluted share against $1,262 million or $0.64 per basic and diluted share last year. Net earnings adjusted for special items were $1,460 million or $0.74 per diluted share against $6,256 million or $0.65 per diluted share last year. Diluted EPS was primarily driven by higher reported OCI in the smokeable products segment and lower interest and other debt expense. Adjusted diluted EPS was primarily driven by higher adjusted OCI in the smokeable products segment and lower interest and other debt expense. Adjusted operating company's income grew almost 16% in the second quarter. For the six months, net revenues were $12,417 million against $11,773 million last year. Operating income was $4,089 million against $3,709 million last year. Earnings before income taxes were $3,816 million against $3,751 million last year. Net earnings attributable to Altria Group Inc. were $2,466 million or $1.25 per basic and diluted share against $2,437 million or $1.23 per basic and diluted share last year. Net earnings adjusted for special items were $2,706 million or $1.38 per diluted share against $2,426 million or $1.22 per diluted share last year. The revenue increase reflects higher net revenues in all reportable segments. Diluted EPS increased 1.6% primarily driven by higher reported OCI in the smokeable products segment and fewer shares outstanding. These factors were mostly offset by the loss on early extinguishment of debt, lower earnings from Altria’s equity investment in SABMiller and lower OCI from Philip Morris Capital Corporation (PMCC). Altria’s first-half adjusted diluted EPS grew 13.1%, primarily driven by higher adjusted OCI in the smokeable products segment, fewer shares outstanding and lower interest and other debt expense. These factors were partially offset by lower OCI from PMCC. Adjusted operating company's income grew more than 14% for the first half on very strong fundamentals. For 2015, the company raised adjusted diluted EPS guidance to a range of $2.76 to $2.81, representing a growth rate of 7.5% to 9.5% from an adjusted diluted EPS base of $2.57 in 2014. Altria now estimates its 2015 full-year effective tax rate on operations will be 35.3%. Altria expects its adjusted diluted EPS growth to moderate in the second half of 2015 against the first-half rate due to several factors. These include lapping the effects of the 2014 improvements in the economy for adult tobacco consumers and lower gasoline prices, expected trade inventory movements and the effect of state excise tax increases. In addition, the comparative benefit from the expiration of the federal tobacco quota buy-out payments ends in the fourth quarter.

 

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Industry Analysis

MO

Industry Average

Valuation MO Industry Range
Price/Earnings 20.7x
Price/Sales 5.7x
Price/Book 37.8x
Price/Cash Flow 20.6x
TEV/Sales 4.9x
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