Altria Group, Inc. (MO)
Altria seeks FDA marketing order for oral nicotine pouch products
Tobacco giant Altria said on Wednesday it had submitted Premarket Tobacco Product Applications (PMTAs) to the U.S. Food and Drug Administration for its on! Plus oral nicotine pouch products.
Altria: 8.5% Dividend Looks More Attractive In An Overheated Stock Market
Altria Group is facing several challenges which are reflected in its rock-bottom valuation, but it has some core strengths which make the stock a Buy. The biggest issue is the secular decline in shipment volume of its smokeable products, which declined by a staggering 10 percentage points YoY in the recent quarter. However, the company is making up for these lost volumes with price increases, and the worst-case scenario for volume decline is also not too bad for the long-term EPS trajectory.
Altria (MO) Stock Dips While Market Gains: Key Facts
Altria (MO) concluded the recent trading session at $46.42, signifying a -0.06% move from its prior day's close.
Altria Group Is Not A Buy. Here's Why
Cigarette volumes keep declining, which is especially concerning given MO's recent inability to offset the negative volume effect with pricing power. The Company tries navigating the market with alternative product categories, and there's some positive news regarding that. However, the alternative product segments also face some headwinds (NJOY), or MO is yet to launch its first products (heated tobacco sticks).
Altria (MO) Increases Despite Market Slip: Here's What You Need to Know
Altria (MO) closed the most recent trading day at $46.45, moving +1.55% from the previous trading session.
Altria's (MO) Smoke-Free Growth Underway With Latest FDA Nod
Altria's (MO) NJOY obtains authorization from the U.S. Food and Drug Administration for menthol e-vapor products.
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FDA OKs first menthol e-cigarettes, citing potential to help adult smokers
WASHINGTON — The Food and Drug Administration on Friday authorized the first menthol-flavored electronic cigarettes for adult smokers, acknowledging that vaping flavors can reduce the harms of traditional tobacco smoking.
FDA OKs first menthol e-cigarettes, citing potential to help adult smokers
The decision lends new credibility to vaping companies' longstanding claim that their products can help blunt the toll of smoking.
Want $1,000 in Dividend Income? Here's How Much You'd Have to Invest in Altria Stock
Altria distributes a generous dividend that yields 8.75% at the current share price. Its declining revenues could become a long-term threat to the sustainability of the payout.
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Tobacco stocks have a bad reputation. Investors with a particular set of ethics tend to veer away from them because the companies' products are known to be detrimental to people's health.
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Altria remains a profit machine, but its growth has stalled. Verizon is a top-yielding stock, and the telecom industry is showing signs of stabilizing.
