Altria Group
About: 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.
Employees: 6,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
104% more first-time investments, than exits
New positions opened: 184 | Existing positions closed: 90
11% more capital invested
Capital invested by funds: $47.4B [Q2] → $52.4B (+$4.99B) [Q3]
4% more funds holding
Funds holding: 1,888 [Q2] → 1,955 (+67) [Q3]
0.45% less ownership
Funds ownership: 60.53% [Q2] → 60.08% (-0.45%) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 732 | Existing positions reduced: 758
6% less funds holding in top 10
Funds holding in top 10: 17 [Q2] → 16 (-1) [Q3]
17% less call options, than puts
Call options by funds: $676M | Put options by funds: $813M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Eric Serotta 100% 1-year accuracy 2 / 2 met price target | 1%upside $53 | Equal-Weight Maintained | 31 Jan 2025 |
B of A Securities Lisa Lewandowski 75% 1-year accuracy 3 / 4 met price target | 24%upside $65 | Buy Upgraded | 6 Dec 2024 |
Barclays Gaurav Jain 63% 1-year accuracy 5 / 8 met price target | 13%downside $46 | Underweight Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 72 articles about MO published over the past 30 days
