58 Followers USX:MO - Altria Group Inc Altria Group
Sector: Consumer Staples, Industry: Tobacco
Next Earnings: 25 Apr 2024
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USD 43.66    +0.54 (+1.25%)

27 Mar 2024


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General

CEO: Mr. William F. Gifford Jr.

IPO: 1970-01-02

Headquarters: US

Employees: 6,400

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Description

Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs. It operates a joint venture with Japan Tobacco in the heated tobacco category.

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