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Marlboro's market share also fell a percentage point to 41.3%. On the bottom line, adjusted earnings per share grew 9.3% to $1.29 as the company benefited from share buybacks. Why Altria Stock Was ...
The stock of Altria (NYSE: MO) was losing ground Wednesday following the tobacco company's recent quarterly report. Its share price was down 4.3% as of 12:30 p.m. ET today, according to data from ...
Tobacco giant Altria Group (NYSE: MO), a traditionally slow and stodgy stock, saw its share price soar nearly 30% in 2024, and that increase doesn't include the stock's legendary, high-yield ...
The company doesn't produce enough share price growth to keep up with the broader market. In fact, the stock has only appreciated 11% over the past 10 years, compared to the S&P 500's 183% gain.
The market was clearly impressed how management is coping with the company's challenging situation.
Its share of the retail cigarette market shrank from 50.9% to 45.9%. Altria's core business is still shrinking and the company is gradually running out of room to raise cigarette prices and cut costs.
Altria's stock is up by more than 30% over the past year, with a recent, and sizable, post-earnings jump. Is it worth this price?
The company was the subject of a bullish research update on the back of a convincing quarterly earnings beat.