Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Altria Group    MO

Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 02/20 10:01:15 pm
64.19 USD   -1.94%
02/08PHILIP MORRIS I : Beats Estimates
02/07ALTRIA : to Host Webcast from the Consumer Analyst Group of New York..
02/02ALTRIA : giving $3,000 bonuses with tax windfall
News SummaryMost relevantAll newsSector newsTweets

Altria : Companies Look to the Future as Long-Running Federal Lawsuit Nears End

share with twitter share with LinkedIn share with facebook
share via e-mail
10/03/2017 | 12:58am CET

Altria Group, Inc. (“Altria”) and Philip Morris USA, Inc. announced today that they and other companies have agreed on the timing of court-ordered communications about cigarettes and smoking on television and in newspapers. The communications, which will begin on November 26, 2017, stem from a 1999 lawsuit the federal government brought against the major domestic cigarette companies that focused on industry conduct dating back to the 1950s.

The court’s order requires the companies to publish five statements related to cigarette smoking across several communication channels, including newspaper and television ads, on the companies’ websites and on cigarette packs for a year or more.

“This industry has changed dramatically over the last twenty years, including becoming regulated by the FDA, which we supported,” said Murray Garnick, Altria’s Executive Vice President and General Counsel. “We’re focused on the future and, with FDA in place, working to develop less risky tobacco products.”

Today, tobacco is one of the most regulated industries in the country. The way in which cigarettes are manufactured, marketed and sold has changed markedly since the lawsuit was filed.

The 1998 tobacco settlement agreements with the state Attorneys General led to significant industry changes. For example, the settlement agreements banned cigarette billboards, stadium advertisements and brand-name merchandise.

Restrictions became more extensive in 2009 when Congress gave the U.S. Food and Drug Administration broad regulatory authority over nearly every aspect of tobacco product manufacturing and marketing.

“We remain committed to aligning our business practices with society’s expectations of a responsible company. This includes communicating openly about the health effects of our products, continuing to support cessation efforts, helping reduce underage tobacco use and developing potentially reduced-risk products,” added Garnick.

According to government data, underage cigarette smoking has declined to historical lows – falling from 28.3% in 1997 to 5.9 % in 2016.

Background on the Federal Government Lawsuit

In 1999, the United States government filed a lawsuit in the U.S. District Court for the District of Columbia against various cigarette manufacturers and their parent companies asserting claims under various federal statutes. The lawsuit sought to recover billions of dollars in health care costs for tobacco-related illnesses. The government also sought disgorgement of company profits and an injunction prohibiting certain actions by defendants.

The court eventually dismissed all of the government’s claims but one, and rejected the monetary penalties the government sought.

In August 2006, the court entered judgment in favor of the government on its remaining claim. The court issued findings related to the companies’ conduct and a permanent injunction that is in place today.

As part of the injunction, the court ordered the defendants to make certain “corrective statements” related to issues raised in the litigation. Since 2006, the parties have vigorously litigated aspects of the injunction, including the content of the corrective statements.

Altria’s Profile

Altria’s wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Sherman Group Holdings, LLC and its subsidiaries, Nu Mark LLC, Ste. Michelle Wine Estates Ltd. and Philip Morris Capital Corporation. Altria holds an equity investment in Anheuser-Busch InBev SA/NV.

The brand portfolios of Altria’s tobacco operating companies include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, MarkTen® and Green Smoke®. Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle®, Columbia Crest®, 14 Hands® and Stag’s Leap Wine Cellars, and it imports and markets Antinori®, Champagne Nicolas Feuillatte, Torres® and Villa Maria Estate products in the United States. Trademarks and service marks related to Altria referenced in this release are the property of Altria or its subsidiaries or are used with permission. More information about Altria is available at altria.com and on the Altria Investor app.

© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ALTRIA GROUP
02/07ALTRIA : to Host Webcast from the Consumer Analyst Group of New York Conference
02/02ALTRIA : giving $3,000 bonuses with tax windfall
02/02ALTRIA GROUP : Today’s Research Reports on Stocks to Watch: Altria Group and Phi..
02/02ALTRIA : top exec retiring in May; COO to become chairman, CEO Altria Group's to..
02/01ALTRIA GROUP, INC. (NYSE : MO) Files An 8-K Departure of Directors or Certain Of..
02/01ALTRIA GROUP, INC. : Change in Directors or Principal Officers, Financial Statem..
02/01ALTRIA : Correction to Altria CEO Story
02/01ALTRIA : Mark E. Newman Elected to Altria’s Board of Directors
02/01ALTRIA : Insider to Replace Longtime CEO in May
More news
News from SeekingAlpha
02/20A New Tool For Dividend Growth Investors 
02/20Marijuana Stocks That Could Outpace The Market In 2018 
02/20Is Altria Group An Undervalued Dividend Growth Stock? 
02/20Tracking David Winters' Wintergreen Advisers Portfolio - Q4 2017 Update 
02/19THE IM-CAPITAL STRENGTH 20-STOCK UNI : Update February 2018 
Financials ($)
Sales 2018 19 788 M
EBIT 2018 9 755 M
Net income 2018 7 055 M
Debt 2018 11 854 M
Yield 2018 4,52%
P/E ratio 2018 17,25
P/E ratio 2019 15,95
EV / Sales 2018 6,91x
EV / Sales 2019 6,67x
Capitalization 125 B
Duration : Period :
Altria Group Technical Analysis Chart | MO | US02209S1033 | 4-Traders
Technical analysis trends ALTRIA GROUP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 77,2 $
Spread / Average Target 18%
EPS Revisions
Martin J. Barrington Chairman, President & Chief Executive Officer
Howard A. Willard Chief Operating Officer
William F. Gifford Chief Financial Officer & Executive Vice President
George Muñoz Independent Director
Thomas F. Farrell Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ALTRIA GROUP-8.72%124 910
JAPAN TOBACCO INC-13.74%58 278
ITC1.80%49 515
KT&G CORP--.--%12 755