By Alexander Bueso
Date: Tuesday 18 Oct 2016
LONDON (ShareCast) - (ShareCast News) - Altria trimmed its full-year profit forecasts and announced a large increase in its share buyback authorisation.
The cigarettes and wine-maker said the manner in which it would account for the extraordinary gain from the merger between Anheuser-Busch Inbev and SAB Miller meant its full-year 2016 earnings per share would be between $2.98 and $3.04, versus $3.01 and $3.07 beforehand.
As a result of the tie-up between the two groups Altria received approximately 185.1m shares or 9.6% of the outstanding stock, together with $5.3bn in cash, the company said.
Separately, management boosted its share buyback programme from $1bn to $3bn.
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Currency | US Dollars |
Share Price | $ 46.49 |
Change Today | $ -0.21 |
% Change | -0.45 % |
52 Week High | $46.83 |
52 Week Low | $39.26 |
Volume | 1,568 |
Shares Issued | 2,805.96m |
Market Cap | $130,449m |
RiskGrade | 95 |
Strong Buy | 3 |
Buy | 2 |
Neutral | 6 |
Sell | 1 |
Strong Sell | 1 |
Total | 13 |
Time | Volume / Share Price |
15:59 | 600 @ $46.50 |
15:59 | 300 @ $46.50 |
15:59 | 300 @ $46.50 |
15:59 | 500 @ $46.50 |
15:59 | 300 @ $46.50 |
CEO | Louis C. Camilleri |
Chair | Louis C. Camilleri |
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