Company profile

Ticker
MO
Exchange
Website
CEO
William F. Gifford
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Altria Group Inc, Philip Morris Companies Inc
SEC CIK
IRS number
133260245

MO stock data

(
)

Calendar

19 May 20
3 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 6.36B 6.01B 6.86B 6.62B
Net income 1.55B -1.81B -2.6B 2B
Diluted EPS 0.83 -1 -1.39 1.07
Net profit margin 24.37% -30.20% -37.95% 30.17%
Operating income 2.34B 2.43B 2.94B 2.72B
Net change in cash 3.5B 513M -192M -1.66B
Cash on hand 5.62B 2.12B 1.6B 1.8B
Cost of revenue 2.17B 1.72B 1.92B 1.87B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 25.11B 25.36B 25.58B 25.74B
Net income -1.3B 6.97B 10.23B 14.24B
Diluted EPS -0.7 3.68 5.31 7.28
Net profit margin -5.17% 27.47% 39.99% 55.33%
Operating income 10.33B 9.12B 9.59B 8.76B
Net change in cash 784M 80M -3.32B 2.2B
Cash on hand 2.12B 1.33B 1.25B 4.57B
Cost of revenue 7.09B 7.37B 7.53B 7.77B

Financial data from Altria earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
30 Jun 20 Farrell Thomas F Ii Phantom Stock Units Common Stock Grant Aquire A 39.15 351 13.74K 39,014
30 Jun 20 Munoz George Phantom Stock Units Common Stock Grant Aquire A 39.15 702 27.48K 15,448
9 Jun 20 Kiely W Leo Iii Common Stock Gift Aquire G 0 4,866 0 33,965
9 Jun 20 Kiely W Leo Iii Common Stock Gift Dispose G 0 4,866 0 0
14 May 20 Farrell Thomas F Ii Common Stock Grant Aquire A 0 9,036 0 95,300
14 May 20 Farrell Thomas F Ii Phantom Stock Units Common Stock Grant Aquire A 35.97 2,224 80K 38,663
14 May 20 Mark Newman Common Stock Grant Aquire A 0 4,866 0 18,079
63.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1490 1665 -10.5%
Opened positions 78 268 -70.9%
Closed positions 253 104 +143.3%
Increased positions 520 480 +8.3%
Reduced positions 709 737 -3.8%
13F shares
Current Prev Q Change
Total value 45.92B 59.74B -23.1%
Total shares 1.18B 1.17B +0.5%
Total puts 9.6M 14.52M -33.9%
Total calls 8.26M 9.34M -11.6%
Total put/call ratio 1.2 1.6 -25.2%
Largest owners
Shares Value Change
Vanguard 153.94M $5.95B +2.8%
BLK BlackRock 146.45M $5.66B +2.2%
FMR 85.09M $3.29B +7.2%
Capital World Investors 82.78M $3.2B +10.9%
STT State Street 80.11M $3.16B +5.2%
Capital Research Global Investors 31.57M $1.22B -5.6%
Geode Capital Management 26.29M $1.02B +1.6%
BAC Bank of America 22.63M $874.98M +7.4%
Charles Schwab Investment Management 21.86M $845.37M +43.5%
BK Bank Of New York Mellon 20.55M $794.78M -0.3%
Largest transactions
Shares Bought/sold Change
Capital World Investors 82.78M +8.15M +10.9%
Massachusetts Financial Services 555.17K -6.78M -92.4%
Charles Schwab Investment Management 21.86M +6.62M +43.5%
Capital International Investors 20.43M -5.89M -22.4%
FMR 85.09M +5.68M +7.2%
Charles Schwab Investment Advisory 0 -5.2M EXIT
Citadel Advisors 8.16M +4.71M +136.7%
Vanguard 153.94M +4.12M +2.8%
STT State Street 80.11M +3.96M +5.2%
Lone Pine Capital 0 -3.54M EXIT

Financial report summary

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Risks
  • Unfavorable litigation outcomes could materially adversely affect the consolidated results of operations, cash flows or financial position of Altria or the businesses of one or more of its subsidiaries or investees.
  • Significant federal, state and local governmental actions, including actions by the FDA, and various private sector actions may continue to have an adverse impact on us and our tobacco subsidiaries’ or our investees’ businesses and sales volumes.
  • Tobacco products are subject to substantial taxation, which could have an adverse impact on sales of the tobacco products of Altria’s tobacco subsidiaries.
  • Our tobacco businesses face significant competition (including across categories) and their failure to compete effectively could have an adverse effect on the consolidated results of operations or cash flows of Altria, or the business of Altria’s tobacco subsidiaries.
  • Altria and its subsidiaries may be unsuccessful in anticipating changes in adult consumer preferences, responding to changes in consumer purchase behavior or managing through difficult competitive and economic conditions, which could have an adverse effect on the consolidated results of operations and cash flows of Altria or the business of Altria’s tobacco and wine subsidiaries.
  • Altria’s tobacco subsidiaries and investees may be unsuccessful in developing and commercializing adjacent products or processes, including innovative tobacco products that may reduce the health risks associated with current tobacco products and that appeal to adult tobacco consumers, which may have an adverse effect on their ability to grow new revenue streams and/or put them at a competitive disadvantage.
  • Significant changes in price, availability or quality of tobacco, other raw materials or component parts could have an adverse effect on the profitability and business of Altria’s tobacco subsidiaries.
  • Because Altria’s tobacco subsidiaries rely on a few significant facilities and a small number of key suppliers, an extended disruption at a facility or in service by a supplier could have a material adverse effect on the business, the consolidated results of operations, cash flows or financial position of Altria and its tobacco subsidiaries.
  • Altria’s subsidiaries could decide or be required to recall products, which could have a material adverse effect on the business, reputation, consolidated results of operations, cash flows or financial position of Altria and its subsidiaries.
  • The failure of Altria’s information systems or service providers’ information systems to function as intended, or cyber-attacks or security breaches, could have a material adverse effect on the business, reputation, consolidated results of operations, cash flows or financial position of Altria and its subsidiaries.
  • Unfavorable outcomes of any governmental investigations could materially affect the businesses of Altria and its subsidiaries or its investees.
  • A challenge to our tax positions could adversely affect our tax rate, earnings or cash flow.
  • International business operations subject Altria and its subsidiaries to various United States and foreign laws and regulations, and violations of such laws or regulations could result in reputational harm, legal challenges and/or significant costs.
  • Altria may be unable to attract and retain the best talent due to the impact of decreasing social acceptance of tobacco usage and tobacco control actions.
  • Acquisitions or other events may adversely affect Altria’s credit rating, and Altria may not achieve its anticipated strategic or financial objectives of a transaction.
  • Disruption and uncertainty in the credit and capital markets could adversely affect Altria’s access to these markets, earnings and dividend rate.
  • Altria may be required to write down intangible assets, including goodwill, due to impairment, which could have a material adverse effect on our results of operations or financial position.
  • Competition, changes in adult consumer preferences, unfavorable changes in grape supply and new governmental regulations or revisions to existing governmental regulations could adversely affect Ste. Michelle’s wine business.
  • Antitrust clearance required for the conversion of our non-voting JUUL shares into voting shares may not be obtained in a timely manner or at all.
  • The expected benefits of the JUUL transaction may not materialize in the expected manner or timeframe or at all.
  • Our investment in JUUL includes non-competition, standstill and transfer restrictions that prevent us from gaining control of JUUL. Furthermore, if we elect not to extend our non-competition obligations beyond December 20, 2024, we would lose certain of our governance, consent, preemptive and other rights with respect to our investment in JUUL.
  • Altria’s reported earnings from and carrying value of its equity investment in ABI and the dividends paid by ABI on shares owned by Altria may be adversely affected by various factors, including foreign currency exchange rates and ABI’s business results and stock price.
  • We received a substantial portion of our consideration from the ABI Transaction in the form of restricted shares subject to a five-year lock-up. Furthermore, if our percentage ownership in ABI were to decrease below certain levels, we may be subject to additional tax liabilities, suffer a reduction in the number of directors that we can have appointed to the ABI Board of Directors and be unable to account for our investment under the equity method of accounting.
  • The tax treatment of the consideration Altria received in the ABI Transaction may be challenged and the tax treatment of the ABI investment may not be as favorable as Altria anticipates.
  • The expected benefits of the Cronos transaction may not materialize in the expected manner or timeframe or at all.
Management Discussion
  • Net revenues, which include excise taxes billed to customers, decreased $254 million (1.0%), due primarily to lower net revenues in the smokeable products segment, partially offset by higher net revenues in the smokeless products segment.
  • Cost of sales decreased $288 million (3.9%), due primarily to lower shipment volume in the smokeable products segment and lower costs as a result of Altria’s decision in 2018 to refocus its innovative product efforts, partially offset by favorable NPM Adjustment Items in 2018 and higher per unit settlement costs.
  • Excise taxes on products decreased $423 million (7.4%), due primarily to lower smokeable products shipment volume.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
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