Profile: Altria Group Inc (MO)

MO on New York Consolidated

38.36USD
16 Apr 2014
Price Change (% chg)

$0.15 (+0.39%)
Prev Close
$38.21
Open
$38.36
Day's High
$38.56
Day's Low
$38.23
Volume
6,615,733
Avg. Vol
8,733,735
52-wk High
$38.58
52-wk Low
$33.12

Search Stocks

Altria Group, Inc., incorporated on March 01, 1985, is a holding company. At December 31, 2012, Altria Group, Inc.'s direct and indirect wholly-owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly-owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless products and wine. Philip Morris Capital Corporation (PMCC), another wholly owned subsidiary of Altria Group, Inc., maintains a portfolio of leveraged and direct finance leases. In addition, Altria Group, Inc. held approximately 26.9% of the economic and voting interest of SABMiller plc (SABMiller) as December 31, 2012. Effective January 1, 2012, Middleton became a wholly-owned subsidiary of PM USA. As of December 31, 2012, Altria Group, Inc.’s segments included smokeable products, smokeless products, wine and financial services. In April 2014, the Company;s subsidiary Nu Mark LLC completed acquisition of e-vapor business of Green Smoke, Inc and its affiliates..

Tobacco Space

Altria Group, Inc.'s tobacco operating companies include PM USA, USSTC and other subsidiaries of UST, and Middleton. In addition, Altria Group Distribution Company provides centralized sales, distribution and consumer engagement services for Altria Group, Inc.'s tobacco operating companies. The products of Altria Group, Inc.'s tobacco subsidiaries include smokeable products, comprised of cigarettes manufactured and sold by PM USA and machine-made cigars and pipe tobacco manufactured and sold by Middleton; and smokeless products manufactured and sold by or on behalf of USSTC and PM USA. Total smokeless products shipment volume was 763.3 million units in 2012.

Middleton is engaged in the manufacture and sale of machine-made cigars and pipe tobacco to customers, substantially all of which are located in the United States. Total shipment volume for cigars was approximately 1.2 billion units in 2012. Black & Mild is the principal cigar brand of Middleton. The Company’s tobacco subsidiaries sell their tobacco products principally to wholesalers (including distributors), and retail organizations, including chain stores and the armed services.

Wine

Ste. Michelle is a producer of varietal and blended table wines. Ste. Michelle is a producer of Washington state wines, primarily Chateau Ste. Michelle and Columbia Crest, and owns wineries in or distributes wines from a number of other wine regions and foreign countries. Ste. Michelle holds an 85% interest in Michelle-Antinori, LLC, which owns Stag’s Leap Wine Cellars in Napa Valley. Ste. Michelle also owns Conn Creek in Napa Valley and Erath in Oregon. In addition, Ste. Michelle distributes Antinori and Villa Maria Estate wines and Champagne Nicolas Feuillatte in the United States. Ste. Michelle uses grapes harvested from its own vineyards or purchased from independent growers, as well as bulk wine purchased from other sources. Ste. Michelle is a producer of varietal and blended table wines. Ste. Michelle is a producer of Washington state wines, primarily Chateau Ste. Michelle and Columbia Crest, and owns wineries in or distributes wines from several other wine regions and foreign countries. Ste. Michelle's total 2012 wine shipment volume. Ste. Michelle holds an 85% ownership interest in Michelle-Antinori, LLC, which owns Stag's Leap Wine Cellars in Napa Valley. Ste. Michelle also owns Conn Creek in Napa Valley and Erath in Oregon. In addition, Ste. Michelle distributes Antinori and Villa Maria Estate wines and Champagne Nicolas Feuillatte in the United States.

Financial Services

The Company’s finance subsidiary, PMCC, holds investments in finance leases, principally in transportation (including aircraft), power generation and manufacturing equipment and facilities. As of December 31, 2012, PMCC's investments in finance leases were principally comprised of the investment categories: aircraft 33%, rail and surface transport 24%, electric power 24%, real estate 13% and manufacturing 6%. As of December 31, 2012, there were no investments located outside the United States.

Company Address

Altria Group Inc

6601 West Broad Street
RICHMOND   VA   23230
P: +1804.2742200

Search Stocks