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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:00 EDTMOAltria Group says looks to grow adjusted EPS at average annual rate of 7%-9%
Says long term financial goals haven't changed. Aims to maintain dividend payout ratio 80% of adjusted EPS. Sees Nu Mark acquisition of Green Smoke closing by Q2. The company said its current $1B repurchase program is expected to be completed by the end of Q3. Says core tobacco businesses positioned to deliver strong income growth. Plans to continue making investments to build Nu Mark's e-vapor business. Comments made during the CAGNY conference.
News For MO From The Last 14 Days
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July 28, 2015
15:21 EDTMONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
14:09 EDTMOAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTMOEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
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July 16, 2015
09:00 EDTMOAltria expands strategic framework with Philip Morris for e-vapor products
Altria (MO) announced that it is expanding its strategic framework with Philip Morris International (PM) to include a joint research, development and technology-sharing agreement. Under the agreement, Altria and PMI will collaborate to develop e-vapor products for commercialization in the United States by Altria and in markets outside the United States by PMI. The Agreement also provides for exclusive technology cross licenses, technical information sharing and cooperation on scientific assessment, regulatory engagement and approval related to e-vapor products.

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