PM Images The markets had another good week as the S&P 500 increased by 0.84% and the Nasdaq jumped 1.59%. We're less than 2 weeks away from the next Fed meeting, and there is a 96% chance that rates will stay where they are. I am looking forward to listening to Chair Powell's speech and seeing if anything changes in his delivery. The economy is hot, and I think his comments will be critical to the current rally. Many commentators have been incorrect on timing the Fed's actions, as they have stayed in a ...

Who Actually Owns Altria? Mario Tama / Getty Images Altria is one of the most influential companies in the tobacco industry, although most people don’t know it by name. As the owner and operator of many large tobacco and cigarette brands, Altria’s influence extends into many subsidiaries, some of which aren’t even tobacco-related. Let’s look at Altria and find out who actually owns the company, plus a bit about its subsidiaries.To compile this content, 24/7 Wall Street used sources from Altria’s website t ...

There was a time when Altria Group (MO -0.12%) -- back when it was still called Philip Morris -- was a powerhouse of a company. Although the tobacco giant has faced predictable problems linked to the health risks of smoking since the 90s, it's still managed to grow its top and bottom lines between then and now.The past few years, however, have been measurably different for Altria and its peers. The entire tobacco business is at a tipping point thanks to ongoing smoking-cessation campaigns. For the second ye ...

Retirees and other income-focused investors must wade through an ocean of dividend stocks to find high-yield investments that can afford their lofty payout. The market won't pay as much for a stock with a suspect dividend. The lower share price creates a higher yield.But some stocks, like Altria Group (MO -0.12%) and AT&T (T 0.29%), are household high-yielders known for their commitment to paying shareholders. The question today is: Which one can you trust with your money?That doesn't necessarily mean one i ...

Altria (MO) closed at $40.86 in the latest trading session, marking a -0.12% move from the prior day. This change lagged the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%.Shares of the owner of Philip Morris USA, the nation's largest cigarette maker witnessed a loss of 1.94% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 1.15% and the S&P 500's gain of 5.2%.The upco ...

RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors declared a regular quarterly dividend of $0.98 per share, payable on April 30, 2024 to shareholders of record as of March 25, 2024. The ex-dividend date is March 22, 2024. ...

Before discussing about some undervalued and attractive dividend stocks, let’s briefly talk about the investing psychology.A Forbes article on “The Psychology of Investing” points out that “investors tend to lose not because of economic conditions but because of human psychology.”I am in complete agreement with this view and training the mind is a prerequisite of successful investing. One of the commonly made errors is to chase a stock in the limelight and ultimately buy at overvalued levels. An appropriate ...

Altria (MO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this owner of Philip Morris USA, the nation's largest cigarette maker have returned +1.1%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Tobacco industry, which Altria falls in, has gained 0.4%. The key question now is: What could be the stock's future direct ...

Financial Performance - Net revenues for 2023 were $24,483 million, an increase from the previous year[141]. - Net earnings for 2023 reached $8,130 million, compared to $5,764 million in 2022, representing a 41.5% increase[143]. - The gross profit for 2023 was $14,284 million, with a gross margin of approximately 58.3%[141]. - Net cash provided by operating activities for 2023 was $9,287 million, compared to $8,256 million in 2022, reflecting a 12.5% increase[146]. - The company reported a loss of $2,751 million related to the acquisition of NJOY, net of cash acquired[149]. - Total dividends paid on common stock in 2023 were $6,779 million, slightly up from $6,599 million in 2022[149]. - The company repurchased $1,000 million of common stock in 2023, compared to $1,825 million in 2022[152]. - The company recorded pre-tax losses of $649 million during the first quarter of 2021 due to debt tender offers and redemption[201]. Assets and Liabilities - Total assets as of December 31, 2023, were $38,570 million, up from $36,954 million in 2022[138]. - Total liabilities increased to $42,060 million in 2023, compared to $40,877 million in 2022[138]. - The current portion of long-term debt decreased to $1,121 million in 2023 from $1,556 million in 2022[138]. - The carrying value of the company's total long-term debt was $26,233 million as of December 31, 2023, down from $26,680 million in 2022[191]. - The fair value of the company's total long-term debt was estimated at $24,373 million in 2023, compared to $22,928 million in 2022[191]. Employee and Diversity Initiatives - As of December 31, 2023, the company employed approximately 6,400 people, with 27% being hourly manufacturing employees[17]. - The company has established aspirational Inclusion & Diversity Aiming Points, including equal numbers of men and women among vice president and director-level employees[14]. - The company targets total compensation packages to be above peer companies, with actual total compensation potentially exceeding the 75th percentile based on performance[15]. Market and Product Segments - Total smokeable products segment's cigarette shipment volume in the United States was 76.3 billion units in 2023, a decrease of 9.9% from 2022[10]. - Total smokeable products segment's cigars shipment volume was approximately 1.8 billion units in 2023, an increase of 2.8% from 2022[10]. - Total oral tobacco products segment's shipment volume was 782.9 million units in 2023, a decrease of 2.2% from 2022[10]. - The company has exclusive U.S. commercialization rights to the IQOS Tobacco Heating System effective April 30, 2024[10]. - NJOY is currently the only e-vapor manufacturer to receive market authorizations from the U.S. FDA for a pod-based e-vapor product[10]. Tax and Legal Matters - The effective tax rate for 2023 was 25.6%, compared to 22.0% in 2022, with a total tax provision of $2,798 million for 2023[219]. - The balance of unrecognized tax benefits at December 31, 2023, was $1,608 million, significantly up from $69 million at the end of 2022[217]. - PM USA has paid approximately $1 billion in judgments and settlements related to tobacco litigation, with an additional $241 million in interest[255]. - The accrued liability for tobacco and health litigation items at the end of 2023 was $346 million, a significant increase from $71 million in 2022[256]. - PM USA recorded pre-tax charges of $242 million related to JUUL settlements in 2023, reflecting ongoing financial impacts from e-vapor litigation[256]. Research and Development - Research and development expenses increased to $220 million in 2023 from $162 million in 2022, reflecting a growth of 35.7%[250]. Pension and Employee Benefits - The company reported a funded status of $347 million for its pension plans as of December 31, 2023, compared to $311 million in 2022[229]. - The accumulated benefit obligation for pension plans was $6.3 billion at December 31, 2023, up from $6.1 billion in 2022[229]. - The net periodic benefit cost for pension plans was reported as a gain of $103 million in 2023, compared to a loss of $121 million in 2022[232]. Acquisitions and Investments - The acquisition of NJOY Holdings, Inc. was completed on June 1, 2023, for a total consideration of approximately $2.9 billion, including $2.75 billion in cash and up to $500 million in contingent payments based on FDA authorizations[164]. - NJOY's financial results have been consolidated into the company's financials starting June 1, 2023, and are categorized under "all other" in segment reporting[164]. - The fair value of the investment in ABI was $12.7 billion at December 31, 2023, exceeding its carrying value of $9.7 billion by approximately 32%[182]. Litigation and Regulatory Issues - PM USA is facing 5,177 e-vapor cases as of December 31, 2023, down from 5,283 cases in 2022, indicating a potential stabilization in litigation volume[259]. - The company has successfully defended against 49 out of 80 tobacco-related cases since January 1999, demonstrating a relatively strong litigation defense track record[259]. - PM USA recorded a pre-tax charge of approximately $48 million related to a Massachusetts Supreme Judicial Court ruling affirming a judgment against the company[261]. Environmental and Compliance Matters - The company has accrued for environmental remediation obligations, although future costs cannot be reasonably estimated[278]. - The company has not recorded any related liability for indemnification agreements with PMI as the fair value is considered insignificant[279].

UKRAINE - 2023/03/06: In this photo illustration, a NJOY logo is seen on a smartphone and Altria ... [+] Group logo in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAltria (NYSE: MO) reported its Q4 results earlier this month, with revenues missing and earnings marginally above the street estimates. The company reported adjusted revenue of $5.02 billion and adjusted profit of $1.18 per share compared to the consensus est ...