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Last $51.23 USD
Change Today -0.41 / -0.79%
Volume 4.1M
MO On Other Exchanges
Symbol
Exchange
New York
Mexico
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6601 West Broad Street

Richmond, VA 23230

United States

Phone: 804-274-2200

Fax:

Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. Subsidiaries As of December 31, 2014, the company’s wholly-owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged predominantly in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly-owned subsidiary of PM USA; and UST LLC (UST), which through its 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 tobacco products and wine. The company’s other operating companies included Nu Mark LLC (Nu Mark), a wholly-owned subsidiary that is engaged in the manufacture and sale of innovative tobacco products; and Philip Morris Capital Corporation (PMCC), a wholly-owned subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. As of December 31, 2014, the company also held approximately 27% of the economic and voting interest of SABMiller plc (SABMiller). Tobacco Space The company’s tobacco operating companies include PM USA, USSTC and other subsidiaries of UST, Middleton and Nu Mark. Altria Group Distribution Company provides sales, distribution and consumer engagement services to the company’s tobacco operating companies. The products of the company’s tobacco subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton; smokeless tobacco products, substantially all of which are manufactured and sold by USSTC; and tobacco products, including e-vapor products manufactured and sold by Nu Mark. Cigarettes: PM USA is a cigarette company in the United States, with total cigarette shipment volume in the United States of approximately 125.4 billion units in 2014. Marlboro is the principal cigarette brand of PM USA. Cigars: Middleton is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco to customers, substantially all of which are located in the United States. Smokeless tobacco products: USSTC is the producer and marketer of moist smokeless tobacco (MST) products. The Smokeless Products segment includes the premium brands, Copenhagen and Skoal; value brands, Red Seal and Husky; and Marlboro Snus, a premium PM USA spit-free smokeless tobacco product. Substantially all of the smokeless tobacco products are manufactured and sold to customers in the United States. New tobacco products: Nu Mark participates in the e-vapor category and has developed and commercialized other tobacco products. In addition, Nu Mark sources the production of its e-vapor products through overseas contract manufacturing arrangements. In 2013, Nu Mark introduced MarkTen e-vapor products in Indiana and Arizona. In 2014, Nu Mark acquired the e-vapor business of Green Smoke, Inc. and its affiliates (Green Smoke). Distribution: The company’s tobacco subsidiaries sell their tobacco products principally to wholesalers (including distributors), large retail organizations, including chain stores, and the armed services. Wine Ste. Michelle is a producer of premium varietal and blended table wines. Ste. Michelle is a producer of Washington state wines, primarily Chateau Ste. Michelle, Columbia Crest and 14 Hands, and owns wineries in or distributes wines from other wine regions and foreign countries. 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 imports and markets Antinori, Torres and Villa Maria Estate wines and Champagne Nicolas Feuillatte in the United States. Strategy: Main elements of Ste. Michelle’s strategy include expanded domestic distribution of wines, especially in certain account categories, such as restaurants, wholesale clubs, supermarkets, wine shops and mass merchandisers; and a focus on improving product mix to higher-priced, premium products. Customers The company’s customer McLane Company, Inc. accounted for approximately 27% of consolidated net revenues, as of December 31, 2014. Intellectual Property As of December 31, 2014, the company owned a portfolio of approximately 650 United States patents. Environmental Regulations Altria Group, Inc. and its subsidiaries are subject to various federal, state and local laws and regulations concerning the discharge of materials into the environment, or otherwise related to environmental protection, including, in the United States: The Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act and the Comprehensive Environmental Response, Compensation and Liability Act (commonly known as Superfund), which can impose joint and several liability on each responsible party. History Altria Group, Inc. was founded in 1919.

 

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MO Competitors

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British American Tobacco PLC 3,621 GBp -12.00
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MO

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Valuation MO Industry Range
Price/Earnings 20.6x
Price/Sales 5.5x
Price/Book 39.8x
Price/Cash Flow 20.5x
TEV/Sales 4.6x
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