Bullish indicating open at $55-$60, IPO prices at $37
Altria Group , Inc. (NYSE:MO), a $99.2 billion tobacco giant with an impressive "GREAT" financial health rating according to InvestingPro, has announced the upcoming retirement of its Vice President and Controller, Steven D’Ambrosia, effective July 31, 2025. Following this announcement, the company’s Board of Directors elected Katie F. Patterson as the new Vice President and Controller, with her tenure beginning on August 1, 2025.
Patterson, currently serving as Senior Director of External Reporting at Altria Client Services LLC, brings a wealth of experience from her roles within Altria’s subsidiaries since 2013. Her appointment comes with a new compensation package, which includes an annual base salary of $300,000, aligning with the company’s pay structure for her position. The company maintains strong operational efficiency with industry-leading gross margins of 70.85% and trades at an attractive P/E ratio of 9.8x.
Additionally, Patterson’s compensation includes an annual incentive plan target of 50% of her base salary, a long-term incentive plan (LTIP) award target of $112,900, and an annual equity award target of $165,000. These figures are consistent with the current targets for Altria’s salary band F employees.
In other news from Altria, shareholders approved two significant compensation plans during the 2025 Annual Meeting of Shareholders held on May 15, 2025. The 2025 Performance Incentive Plan (PIP) and the 2025 Stock Compensation Plan for Non-Employee Directors were both ratified, allowing for a variety of awards to be granted to eligible employees and non-employee directors.
The 2025 PIP reserves 25 million shares for awards, while the 2025 Non-Employee Director Plan reserves 1 million shares. These plans aim to incentivize performance and align the interests of employees and directors with those of the shareholders.
The Annual Meeting also saw the election of 11 directors, the ratification of PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year ending December 31, 2025, and the approval of the compensation of Altria’s named executive officers.
This report is based on a press release statement and provides a summary of the key events and decisions made by Altria Group, Inc., as disclosed in their recent SEC filing.
In other recent news, Altria Group reported strong financial results for Q1 2025, with earnings per share (EPS) of $1.23, surpassing analysts’ expectations of $1.19. The company also exceeded revenue forecasts, reporting $5.26 billion compared to the anticipated $4.62 billion. Stifel analysts responded positively to Altria’s performance by raising the company’s stock price target to $63 from $60, maintaining a Buy rating. S&P Global Ratings upgraded Altria’s credit rating to ’BBB+’ from ’BBB’, citing strong credit metrics and profitability. Despite challenges such as the removal of the NJOY ACE e-vapor product from the market, Altria continues to focus on developing its next-generation smokeless product portfolio. The company also held its Annual Meeting of Shareholders, where all board nominees were elected, and a quarterly dividend of $1.02 per share was declared. These developments reflect Altria’s ongoing efforts to maintain strong financial health and shareholder returns amidst a dynamic market environment.
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