UPDATE: Morgan Stanley Downgrades Altria (MO) to Equalweight
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Altria Reports 2021 Third-Quarter and Nine-Months Results; Announces Expanded Share Repurchase Program; Narrows 2021 Full-Year Earnings Guidance
October 28, 2021 7:00 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Altria Group, Inc. (Altria) (NYSE: MO) today reports its 2021 third-quarter and nine-months business results, announces the expansion of its existing share repurchase program and narrows its 2021 full-year adjusted diluted earnings per share (EPS) guidance.
Altria continued to balance maximizing profitability from our core tobacco businesses with investing to realize our Vision of responsibly leading the transition of adult smokers to a smoke-free future, said Billy Gifford, Altrias Chief Executive Officer. Our tobacco businesses performed well against difficult year-over-year comparisons and were encouraged by the significant... More
Altria Announces Election of Two Board Members and Retirement of John T. Casteen III
October 28, 2021 6:55 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Altria Group, Inc. (Altria) (NYSE: MO) is pleased to announce that Marjorie M. Connelly and R. Matt Davis joined its Board of Directors (Board) as of October 27, 2021.
Both Marge and Matt bring a tremendous amount of senior-level public company experience, said Kathryn McQuade, Altrias Board Chair. I believe that their significant expertise, including in operations, business strategy, consumer insights and public policy, will enhance the Boards strategic oversight as Altria pursues its Vision to responsibly lead the transition of adult smokers to a smoke-free future.
Ms.... More
