Altria, previously known as Philip Morris Companies Inc., is a multinational company that owns several well-known brands including Marlboro, Black & Mild, and Copenhagen.
They also have a large presence in the wine industry through their Chateau Ste. Michelle and Columbia Crest brands.
Altria owns 35% of JUUL Labs, Inc., which has been the subject of controversy and lawsuits over its marketing practices.
Despite the numerous acquisitions and subsidiaries, Altria remains primarily focused on the production and sale of tobacco products.
Keep reading to find out all the details of what companies does Altria own and much more about this tobacco giant.
Who Owns Altria?
Altria is owned by several other multinational holding corporations with The Vanguard Group, Inc. as the major shareholder with 9.1% of shares. Other top shareholders include Capital Research and Management Company and BlackRock, Inc.
It is a global leader in alcohol, tobacco, and food products, Altria has a long history of success with iconic brands such as Marlboro cigarettes, Ste. Michelle Wine Estates wines and John Middleton cigars.
What Companies Does Altria Own?
Altria owns a lot of companies and brands across multiple industries including:
1. Tobacco Companies
Altria is best known for its tobacco products, which include iconic brands such as Marlboro and Copenhagen.
However, the company also owns many other titles in this space including Black & Mild, L&M, Merit, and Parliament cigarettes.
As the largest cigarette manufacturer in the United States, Altria has a significant market share that will likely remain strong despite legislative changes to the industry.
2. Alcohol Companies
In addition to its tobacco products, Altria also owns a variety of alcohol brands.
Through their Chate Ste. Michelle and Columbia Crest Wineries, the company produces some of the top-selling wines in the United States.
They also own several beer labels including Miller Brewing Company and SABMiller, making them one of the largest brewers in the world.
3. Food Companies
In recent years, Altria has diversified its portfolio by acquiring stakes in various food companies. This includes major holdings such as Kraft Foods Group and Hostess Brands.
This expansion into the food sector has allowed the company to become a major player in this space, while also allowing them to reach a larger customer base.
4. Wine
In addition to its presence in the tobacco industry, Altria also has a strong foothold in the wine industry through its Ste. Michelle Wine Estates brand.
This portfolio features several award-winning labels from renowned vineyards located throughout Washington state.
With more than 40 years of experience in this space, Altria has become a leader in the production of quality wines and is continuing to innovate and push boundaries.
5. Other Companies
Altria also owns several other products outside of tobacco and wine. These include their John Middleton cigars, Nu Mark e-cigarettes, Nat Sherman cigarettes, MarkTen vaping devices, and MillerCoors beer brands.
The company also holds a 35% stake in JUUL Labs Inc., which has been subject to much controversy over its marketing tactics.
By diversifying into other markets, Altria has been able to maintain its profitability despite regulatory changes in the tobacco industry.
When Was Altria Founded?
Altria, the parent company of Philip Morris USA, was founded in 1919 as the Philip Morris Company, but it wasn’t until several decades later that it became the powerhouse that it is today.
Through mergers and acquisitions, Altria has expanded its reach and now has operations in more than 60 countries around the world.
Today, the company continues to innovate and push the boundaries of what’s possible in the tobacco industry.
Who is The CEO of Altria?
The CEO of Altria is Billy Gifford.
With over 25 years of experience at Altria and his sharp business acumen, Gifford took over as CEO in April 2020.
Under his leadership, Altria has continued to prioritize innovation and adaptation in the ever-changing market of tobacco and nicotine products.
Despite the controversies surrounding the industry, Gifford is determined to lead Altria into a successful future.
What is The Net Worth of Altria?
Currently, Altria’s net worth is estimated to be over $80 billion.
This impressive figure is a result of the company’s successful tobacco products that have been consumed all over the world for decades.
In addition to tobacco, Altria has diversified into other business ventures such as wine and beer, which has significantly contributed to their impressive net worth.
Regardless of how you may personally feel about the tobacco industry, there is no denying that Altria’s net worth is an impressive feat.
Where is The Headquarters of Altria?
Altria is a well-known company that has headquarters located in Richmond, Virginia.
The city is home to a bustling economy and a rich cultural history.
Altria has been a part of this vibrant community for over a century, and its presence in the city is a testament to its commitment to excellence and innovation.
With a strong focus on sustainability and responsibility, Altria continues to lead the way in its industry, and its headquarters in Richmond serves as the beating heart of the company’s global operations.
What is the Annual Revenue of Altria?
As of March 31, 2023, the annual revenue of Altria was $24.923B, with a 3.66% decline in annual revenue of $25.096B recorded for 2022.
Despite facing increased regulation and declining smoking rates in many countries around the world, Altria has continued to thrive and grow its revenue year after year.
While the exact number varies from year to year, in recent years it has consistently been in the billions of dollars.
This massive revenue is the result of a combination of factors, including a strong brand presence, a vast distribution network, and a loyal customer base.
How Many Employees Does Altria Have?
Altria, the tobacco giant, employs a vast workforce of over 8,000 people.
From executives to factory workers, Altria values each member of their team and provides opportunities for growth and development.
In addition to their commitment to their employees, Altria is dedicated to supporting the communities in which they operate.
FAQs
Is it Worth Investing in Altria?
Yes, Altria is a large, established company with a strong track record of success and profitability.
What Are the Risks Associated with Investing in Altria?
Risks include regulatory changes, the company’s profitability, public perception of the tobacco industry, currency fluctuations, and political instability.
Who is the Transfer Agent for Altria?
The transfer agent for Altria is Computershare Trust Company, N.A.
What Industry is Altria in?
Altria is a multinational company that operates in the tobacco, alcohol, and food industries.
What Does The Name Altria Mean?
The name Altria is derived from the Latin word “altus,” which means “high” or “lofty,” and symbolizes the company’s global reach and ambition.
Can Altria Maintain Its Dividend?
Altria has maintained a consistent dividend payout policy since 2003. Investors can continue to expect regular dividend payments from the company for the foreseeable future.