|Bid||36.00 x 900|
|Ask||36.40 x 3000|
|Day's range||35.53 - 36.06|
|52-week range||27.32 - 45.64|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||1.63|
|Forward dividend & yield||2.71 (7.53%)|
|Ex-dividend date||01 Oct 2020|
|1y target est||43.97|
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.
Image source: The Motley Fool. British American Tobacco PLC (NYSE: BTI)Q1 2020 Earnings CallJun 9, 2020, 4:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Mike Nightingale -- Investor RelationsTo begin, I need to draw your attention to [Technical Issue]Thank you, and good morning, everyone.