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Assessing Altria Group's Q2 2019 (Includes Projected 2019 Dividend Increase And Adjusted Diluted EPS)

Published Wed, 07 Aug 2019 14:37:02 -0400 on Seeking Alpha

Focus of Article
The focus of this article is to analyze Altria Group Inc.’s (MO) results for the second quarter of 2019 and compare the company’s performance to prior periods. First, this article analyzes MO’s income statement (technically speaking the company’s “consolidated statement of earnings”) for the three-months ended 6/30/2016, 6/30/2017, 6/30/2018, and 6/30/2019. Second, along with an overview of MO’s product segments, this article provides a quarterly shipment volume performance analysis for 2016-2019 (“year-over-year” comparison). This includes a discussion of MO’s recent measures taken regarding the company’s e-vapor/e-cigs products and trade inventory adjustments. This also includes a discussion of MO’s recent acquisition of Juice USB Lighting (“JUUL”) Labs, Cronos Group Inc. (CRON), and certain companies of Burger Söhne Holding AG. This includes impacts from these recent acquisitions regarding MO’s current and future financial statements. Third, this article provides a unique analysis of MO’s historical/projected adjusted diluted earnings per share (“EPS”), dividend per share rates, and target dividend distributions payout ratio for 2018-2019. This includes my projected per share range regarding MO’s upcoming 2019 dividend increase. I will also provide a brief discussion on last year’s passage of the Tax Cuts and Jobs Act (“TCJA”) and its impact on MO.
This assessment article will show past and projected data with... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BRITISH AMERICAN TOBACCO 37.99   0.0 0.00 2.68 6.64
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
ANHEUSER-BUSCH INBEV 97.47   25.9 3.76 1.67 1.77


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