Altria Group Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world’s largest producers and marketers of tobacco, cigarettes and related products.
It operates worldwide and is headquartered in unincorporated Henrico County, Virginia, just outside the city of Richmond.
Altria is the parent company of Philip Morris USA (producer of Marlboro cigarettes), John Middleton, Inc., U.S. Smokeless Tobacco Company, Inc., Philip Morris Capital Corporation, and Chateau Ste. Michelle Wine Estates. Altria also maintains large minority stakes in Belgium-based brewer ABInBev, the Canadian cannabis company Cronos Group, and the e-cigarette maker JUUL Labs.
It is a component of the S&P 500 and was a component of the Dow Jones Industrial Average from 1985 to 2008, dropping due to spin-offs of Kraft Foods Inc. in 2007 and Philip Morris International in 2008.
Traded as: NYSE: MO; S&P 100 Component; S&P 500 Component
Industry: Tobacco
Founded: 1985; 35 years ago (as Philip Morris Companies, Inc.)
Founder: Philip Morris, Kraft Foods Inc, Nabisco Holdings Corporation
Headquarters: Reynolds Metals Company International Headquarters Henrico County, Virginia, U.S.
Products: Tobacco and wine
Website: www.altria.com