Dallas, Texas 04/25/2014 (FINANCIALSTRENDS) – Altria Group Inc (NYSE:MO) is one of the leading cigarette manufacturing company which has been caught in the line of fire of aggressive non-smokers brigade in the past few fiscals.
Where the cigarette manufacturing industry watches the FDA make blanket moves, Altria Group Inc (NYSE:MO) too is waiting for the moment to manoeuvre its position in the crowded space.
Altria Group Inc (NYSE:MO) as the maker of the world-class brands of cigarettes along with a strong line-up of smokeless products in the country, now awaits FDAs final moves.
Marlboro watches FDA
It operates through a series of subsidiaries which both are wholly owned as well working directly and indirectly through a series of Philip Morris outlets in USA along with John Middleton products.
Altria Group Inc (NYSE:MO)has begun a series of machine-made products as well with cigars as well as pipe tobacco, through a series of Smokeless Tobacco Company LLC , besides Ste. Michelle Wine Estates Ltd.
Altria Group Inc (NYSE:MO) is also engaged in the manufacture and sale of smokeless products as well as wine.
Altria Group Inc (NYSE:MO) with its subsidiary Nu Mark LLC has also completed the process of acquiring one of its businesses, the e-vapor Green Smoke Inc, along with various other associated units. Sales of smokeless products have also meant that the company has marked gains on the stock market as well. The stock prices have reached by $38.40, gaining by 0.23%, which is an increase by 0.09.
The stock has a market price of $76.34 billion, and has profits to earnings ratio is 16.98. It has EPS is 2.26. The stock price ranges between $38.07 and high of $38.80. The 52 week range of stock lies between $33.12 high and $38.80 low. Beta for the share is 0.49.