GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Altria Group Inc (BSP:MOOO34) » Definitions » Equity Investments

Altria Group (BSP:MOOO34) Equity Investments


View and export this data going back to 2019. Start your Free Trial

What is Altria Group Equity Investments?

Equity Investments only applies to insurance companies.


Altria Group Business Description

Address
6601 West Broad Street, Richmond, VA, USA, 23230
Altria comprises Philip Morris USA, us Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains 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 us with 42% annual share in 2023. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev, a 42% stake in cannabis manufacturer Cronos, acquired Njoy Holdings in 2023, and operates a joint venture with Japan Tobacco in the heated tobacco category. It also recently disposed of its investment in Juul Labs.