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Altria Group, Inc.
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Overview

Description

Altria Group, Inc. is a holding company that manufactures and sells smokeable and oral tobacco products primarily in the United States. It operates through key subsidiaries including Philip Morris USA, which produces and markets cigarettes under the leading Marlboro brand; U.S. Smokeless Tobacco, offering moist smokeless tobacco products like Copenhagen and Skoal; John Middleton, specializing in machine-made large cigars and pipe tobacco under the Black & Mild brand; and Helix Innovations, providing oral nicotine pouches under the on! brand. Additionally, the company offers e-vapor products through NJOY ACE and engages in reduced-risk categories via a joint venture with Japan Tobacco for heated tobacco. Altria Group, Inc. distributes its products to wholesalers, distributors, and large retail chains such as convenience stores and supermarkets. Beyond tobacco, it holds investments in Anheuser-Busch InBev and Cronos Group. Founded in 1919 and headquartered in Richmond, Virginia, Altria Group, Inc. plays a significant role in the U.S. consumer staples sector, particularly in the tobacco industry.

About

CEO
Mr. Salvatore Mancuso
Employees
5900
Address
6601 West Broad Street
11 Bermudiana Road
Richmond, 23230, VA
United States
Phone
804 274 2200
Website
Instrument type
Common stock
Sector
Consumer Defensive
Industry
Tobacco
Country
Chile
MIC code
XSGO
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Latest press releases

Apr 22, 2025
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Altria Group, Inc. - MO

NEW YORK, April 22, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Altria Group, Inc. ("Altria" or the "Company") (NYSE: MO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Altria and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 2, 2025, Deutsche Bank downgraded Altria to "Hold" from "Buy", citing, in part, regulatory uncertainty after the U.S. International Trade Commission ruled that Altria's NJOY ACE e-vapor products infringe on patents owned by Juul Labs

On news of the downgrade, Altria's stock price fell $1.67 or 2.84% to close at $57.12 per share on April 2, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Danielle Peyton

Pomerantz LLP

dpeyton@pomlaw.com

646-581-9980 ext. 7980

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-altria-group-inc---mo-302434905.html

SOURCE Pomerantz LLP

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