Analyst Report: Altria Group Inc.

Summary

Altria Group, founded in 1822, manufactures and sells cigarettes, smokeless tobacco products, and alcoholic beverages in the United States and abroad. Its wholly owned subsidiaries include Philip Morris USA Inc. and John Middleton Co., a leading U.S. cigar manufacturer. Its smoke-free portfolio includes ownership of NJOY Holdings, U.S. Smokeless Tobacco Company LLC, and Helix Innovations LLC. It has nearly 6,000 employees.

The company has a majority-owned joint venture, Horizon Innovations LLC (Horizon), for the U.S. marketing and commercialization of heated tobacco stick products. Altria also has equity investments