| Market Capitalization (Millions $) |
115,236 |
| Shares
Outstanding (Millions) |
1,673 |
| Employees |
5,900 |
| Revenues (TTM) (Millions $) |
17,869 |
| Net Income (TTM) (Millions $) |
8,053 |
| Cash Flow (TTM) (Millions $) |
-1,200 |
| Capital Exp. (TTM) (Millions $) |
271 |
Business Description
Company Profile: Altria Group, Inc.
Company Name: Altria Group, Inc.
Ticker Symbol: MO
Headquarters: Richmond, Virginia, USA
Founded: 1985 (as Altria Group, Inc; originally as Philip Morris Companies Inc. in 1847)
Overview:
Altria Group, Inc. is one of the largest producers and marketers of consumer products in the United States. The company primarily specializes in the manufacture and sale of cigarettes, smokeless tobacco, and wine, while also having substantial interests in the food and beverage industry.
Subsidiaries:
- Philip Morris USA Inc.: Engaged in the manufacture and sale of cigarettes and smokeless tobacco products in the U.S.
- Philip Morris International Inc.: Focuses on the marketing and sale of tobacco products outside of the United States.
- Kraft Foods Inc.: A majority-owned subsidiary (84.6%) involved in the production and marketing of a wide range of food and beverage products.
- Philip Morris Capital Corporation: Primarily involved in leasing activities, supporting various segments of the companys operations.
Product Portfolio:
Altria’s product portfolio includes well-known cigarette brands such as Marlboro, Virginia Slims, and Parliament, alongside smokeless tobacco products like Copenhagen and Skoal. Additionally, through Kraft, the company offers an extensive array of food and beverage products, contributing to its diversified business model.
Strategic Focus:
Altria is committed to evolving with consumer preferences, investing significantly in reduced-risk products and innovations in the tobacco and food sectors. The company is focused on transitioning to a smoke-free future by exploring alternatives like e-cigarettes and heated tobacco products.
Financial Performance:
Altria Group, Inc. has consistently generated strong revenue and cash flow, showcasing resilience in a competitive marketplace. The company emphasizes returning value to shareholders through dividends and share repurchases.
Corporate Social Responsibility:
Altria is dedicated to promoting responsible consumer behavior and sustainability through various initiatives, including responsible marketing, reducing its environmental impact, and complying with regulatory standards.
Recent Developments:
Altria has been actively investing in emerging technologies and partnerships to enhance its product offerings in the non-combustible tobacco space and pivoting towards health-conscious consumer trends.
Outlook:
The company plans to continue diversifying its product portfolio and pursuing growth opportunities in both traditional and non-traditional consumer products, aiming to remain a leader in the evolving marketplace.
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This company profile provides an overview of Altria Group, Inc. highlighting its operations, subsidiaries, products, and strategic focus.
Company Address: 6601 West Broad Street Richmond 23230 VA
Company Phone Number: 274-2200 Stock Exchange / Ticker: NYSE MO
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