Predicting short-term stock price movements is difficult. Some may say it is impossible. Just look at what the stock market has done since 2020. First, it crashed, then it ripped to all-time highs, then it crashed again. Now, in early 2024, the S&P 500 is back to all-time highs due to the artificial intelligence boom. If you've held stocks since 2020, you know how stressful stock market volatility can be, especially if you have a large personal portfolio and are close to retirement. If you are looking to mi ...

Altria股票表现 - Altria是一家受欢迎的股票，是一家Dividend King，向投资者支付大量现金流作为股息[1] - 在过去的季度中，Altria的股价曾下跌，但公司宣布了10亿美元的股票回购计划，这有助于未来的股息增长[13] Altria业绩转型 - Altria通过收购NJOY并推出新产品，成功转型远离传统烟草产品，取得了良好的业绩[20]

Wall Street experts are bullish on U.S. tobacco company Altria Group (MO -0.86%), which sells Marlboro cigarettes domestically. The average 12-month price target from analysts implies a 15% upside, plus investors must factor in a tremendous dividend that yields almost 10% at the current share price. But the stock has underperformed the broader market for several years, so is this where investors can finally see some steady green? The company recently reported fourth-quarter earnings for 2023, setting the to ...

Altria的股息情况 - Altria Group, Inc.是一家知名的股息王，已连续54年增加股息，市值高达710亿美元[1] - 尽管Altria在市场上的地位强劲，盈利增长和股票回购不断，但其股息率接近10%[1] - 预计Altria未来4年的每股收益将增长2-4%，这在提供两位数股息的股票中并不常见[12] Altria的市场表现 - Altria的股价自2017年以来一直大幅低于标普500指数，股价基本停滞不前[4] - Altria的销售额连续多年下滑，市场份额也在逐年减少[5] - Altria的销售额相对较低，与当前股价或企业价值相比显得较为薄弱[8] Altria的财务状况 - Altria的外部债务约为250亿美元，加上销售下滑和市场份额流失，可能导致公司不稳定并减少股息[6] - Altria的经营现金流持续增长，尽管销售额下降[9] - Altria的EBITDA表现良好，尽管股息率接近两位数[10] Altria的风险和前景 - Altria面临着来自更严格监管和销售额下降等风险，但其财务实力足以吸收潜在的冲击[2] - 市场对Altria的估值存在明显偏差，与基本面存在巨大差距[2] - 尽管面临销售额下降、股价停滞和不利监管决定风险，Altria的基本面仍然强劲，支撑着稳定的每股收益前景[16]

财务数据和关键指标变化 - 公司2023年全年调整后每股收益增长2.3% [12] - 公司2023年全年支付近78亿美元的股息和股票回购 [12] 各条业务线数据和关键指标变化 - 烟草业务整体表现良好,尽管面临挑战的外部环境 [55] - 烟草业务调整后营业利润在第四季度下降1.3%,全年基本持平 [55] - 烟草业务调整后营业利润率在第四季度和全年分别扩大0.6和0.9个百分点 [55] - 马尔博罗品牌在高利润的优质细分市场份额增加0.8个百分点至59.2% [56] - 烟草业务国内卷烟出货量在第四季度和全年分别下降7.6%和9.9% [59] - 雪茄业务第四季度出货量下降1.4%,全年增长2.8% [60] - 口嚼烟业务第四季度调整后营业利润增长10.3%,全年增长5.5% [61][62] - 口嚼烟业务第四季度和全年出货量分别下降2%和2.2% [62] 各个市场数据和关键指标变化 - 加州市场烟草行业销量下降幅度大于全国平均水平,但马尔博罗品牌市场份额有所增加 [123][124][125] 公司战略和发展方向及行业竞争 - 公司完成收购NJOY,并将其整合到公司旗下,加强了无烟产品组合 [13][23-28] - 公司推出了on! PLUS国际市场,在瑞典市场表现良好 [40][41][42] - 公司正在推进加热烟草产品的监管准备工作,包括通过与JT的合资公司Horizon推出加热烟草棒产品,以及自主研发的加热烟草胶囊产品SWIC [43][44] - 公司积极应对非法味精电子烟产品的泛滥,与监管机构、执法部门等合作采取行动 [32-37] - 公司认为非法产品泛滥是不可接受的,正在采取措施维护烟草危害减少的目标 [37] 管理层对经营环境和未来前景的评论 - 管理层认为消费者的可支配收入水平在2023年仍然承受压力,受到通胀和利率上升的累积影响 [53][54] - 管理层预计2024年外部环境仍将保持动态,将继续密切关注经济、消费者动态、非法电子烟执法以及监管和立法发展等因素 [47] - 管理层对公司2024年的调整后每股收益增长目标为1%-4% [48] 问答环节重要的提问和回答 问题1 **Jennifer Maloney 提问** 加州市场烟草行业销量下降幅度大于全国平均,但马尔博罗品牌市场份额有所增加,这是否意味着一些吸烟者转向了非薄荷烟草产品? [123][124][125] **Billy Gifford 回答** 这是一个复杂的问题。加州出现大量非法市场活动,消费者跨州购买薄荷烟。当地禁令实施后,许多吸烟者并没有完全退出尼古丁市场,而是转向非薄荷烟草产品,这有利于马尔博罗品牌。但也出现了一些非法"薄荷卡"等变通做法。总的来说,如果不考虑执法,禁令会带来很多意想不到的后果。 [126][127][128][129][130][131][132] 问题2 **Unidentified Analyst 提问** 近期一些电子烟产品获得法院推翻FDA的销售禁令,这增加了电子烟行业对FDA的压力,也可能导致最终诉至最高法院。Altria是否会参与这些诉讼?[138] **Billy Gifford 回答** 我们密切关注这些案件的进展。作为唯一一家获得FDA授权的云端电子烟产品公司,我们认为自己的产品应该也能获得针对薄荷味产品的授权。无论法院对其他公司的裁决如何,我们都有信心能够获得相关授权。[139][140]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

营收情况 - Altria (MO)在2023年12月结束的季度报告显示，营收为50.2亿美元，同比下降1.2%[1] - 报告的营收与Zacks Consensus Estimate的509亿美元相比，出现了-1.20%的意外[2] 每股收益 - 每股收益为1.18美元，与一年前的1.18美元相比[1] - 每股收益的共识估计为1.17美元，每股收益的意外为+0.85%[2] 主要监控指标 - 口腔烟草产品的净收入减去消费税为6.47亿美元，与两位分析师基于平均估计的6.3574亿美元相比[6] - 净收入-其他/金融服务为2700万美元，高于两位分析师平均估计的2250万美元，同比变化为+17.4%[5]

Altria (MO) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 0.85%. A quarter ago, it was expected that this owner of Philip Morris USA, the nation's largest cigarette maker would post earnings of $1.29 per share when it actually produced earnings of $1.28, delivering a surprise of - ...

Altria Group Inc.’s stock MO, -0.84% rose 1.3% in premarket trading after the tobacco company set a new $1 billion share buyback program and matched analyst estimates for adjusted earnings. Altria said its fourth- quarter profit fell by 23% to $2.06 billion, or $1.16 a share, from $2.69 billion, or $1.50 a share, in the year-ago quarter. Altria’s adjusted fourth-quarter profit of $1.18 a share matched the FactSet consensus estimate. Revenue dipped by 1.2% to $5.02 billion, slightly shy of the analyst estima ...

Altria集团高管变动 - Altria集团执行副总裁兼总法律顾问Murray R. Garnick宣布将于2024年4月1日退休[1] - Bob McCarter将于2024年4月1日成为Altria的执行副总裁兼总法律顾问[3] Altria集团业务重点 - Altria拥有领先的烟草产品组合，致力于引领成年吸烟者向无烟未来过渡[4]