|Bid||2,674.00 x 0|
|Ask||2,674.00 x 0|
|Day's range||2,666.00 - 2,703.50|
|52-week range||116.50 - 3,507.00|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||9.64|
|Forward dividend & yield||2.10 (7.79%)|
|Ex-dividend date||01 Oct 2020|
|1y target est||N/A|
It is hard to get excited after looking at British American Tobacco's (LON:BATS) recent performance, when its stock...
California moved to join Massachusetts on Friday, and is perhaps only days away from becoming the second state to ban the sale of flavored tobacco products, most notably menthol-flavored cigarettes such as British American Tobacco's (NYSE: BTI) Newport brand. On Friday, the California State Senate voted 34-0 to pass a law banning the sale of flavored tobacco products, including e-cigarettes, just days after the California State Assembly approved the measure, 54-0. The law is likely to affect British American Tobacco more than other tobacco companies.
News that Philip Morris International (NYSE: PM) was awarded a reduced-risk label for its IQOS heated tobacco device indicates Altria (NYSE: MO) was smart to have a backup plan in place for the electronic cigarette market. Because its investment in JUUL Labs has all but blown up in its face, Altria's ability to still profit from e-cigs through its IQOS marketing and distribution agreement with Philip Morris shows why a company should not put all of its eggs in one basket.