Investments
3Portfolio Exits
3Partners & Customers
10Expert Collections containing Altria Group
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Find Altria Group in 1 Expert Collection, including Fortune 500 Investor list.
Fortune 500 Investor list
590 items
This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.
Latest Altria Group News
Nov 6, 2024
Altria Group (NYSE:MO) Trading 0.1% Higher on Analyst Upgrade Posted by MarketBeat News on Nov 6th, 2024 Shares of Altria Group, Inc. ( NYSE:MO – Get Free Report ) shot up 0.1% during mid-day trading on Monday after StockNews.com upgraded the stock from a hold rating to a buy rating. The company traded as high as $54.05 and last traded at $53.94. 2,299,240 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 9,869,530 shares. The stock had previously closed at $53.87. Other equities analysts have also issued reports about the company. Citigroup upped their target price on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. UBS Group upped their price objective on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America reduced their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average price target of $51.17. Get Altria Group alerts: Want More Great Investing Ideas? Several large investors have recently modified their holdings of MO. MFA Wealth Advisors LLC bought a new position in Altria Group in the 2nd quarter worth approximately $27,000. Hobbs Group Advisors LLC bought a new position in shares of Altria Group in the second quarter worth $30,000. Valley Wealth Managers Inc. grew its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 260 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of Altria Group during the 2nd quarter valued at $44,000. Finally, Covestor Ltd lifted its holdings in Altria Group by 33.4% during the 1st quarter. Covestor Ltd now owns 1,047 shares of the company’s stock worth $46,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock. Altria Group Stock Performance The firm has a market cap of $92.44 billion, a P/E ratio of 9.15, a P/E/G ratio of 3.11 and a beta of 0.64. The firm has a 50 day simple moving average of $51.47 and a 200 day simple moving average of $48.66. Altria Group ( NYSE:MO – Get Free Report ) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period in the previous year, the business earned $1.28 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. Sell-side analysts predict that Altria Group, Inc. will post 5.11 EPS for the current fiscal year. Altria Group Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 16th were issued a $1.02 dividend. The ex-dividend date was Monday, September 16th. This represents a $4.08 annualized dividend and a dividend yield of 7.53%. This is a boost from Altria Group’s previous quarterly dividend of $0.98. Altria Group’s dividend payout ratio (DPR) is presently 68.92%. About Altria Group
Altria Group Investments
3 Investments
Altria Group has made 3 investments. Their latest investment was in JUUL Labs as part of their Corporate Minority on December 20, 2018.
Altria Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/20/2018 | Corporate Minority | JUUL Labs | $12,800M | Yes | 8 | |
12/7/2018 | Corporate Minority - P2P | |||||
3/1/2016 | Grant |
Date | 12/20/2018 | 12/7/2018 | 3/1/2016 |
|---|---|---|---|
Round | Corporate Minority | Corporate Minority - P2P | Grant |
Company | JUUL Labs | ||
Amount | $12,800M | ||
New? | Yes | ||
Co-Investors | |||
Sources | 8 |
Altria Group Portfolio Exits
3 Portfolio Exits
Altria Group has 3 portfolio exits. Their latest portfolio exit was JUUL Labs on March 03, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/3/2023 | Shareholder Liquidity | 1 | |||
Date | 3/3/2023 | ||
|---|---|---|---|
Exit | Shareholder Liquidity | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 1 |
Altria Group Acquisitions
7 Acquisitions
Altria Group acquired 7 companies. Their latest acquisition was NJOY on March 06, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
3/6/2023 | Other | $578.14M | Acquired | 9 | ||
6/27/2022 | Other | |||||
6/4/2019 | ||||||
1/18/2017 | ||||||
4/1/2014 |
Date | 3/6/2023 | 6/27/2022 | 6/4/2019 | 1/18/2017 | 4/1/2014 |
|---|---|---|---|---|---|
Investment Stage | Other | Other | |||
Companies | |||||
Valuation | |||||
Total Funding | $578.14M | ||||
Note | Acquired | ||||
Sources | 9 |
Altria Group Partners & Customers
10 Partners and customers
Altria Group has 10 strategic partners and customers. Altria Group recently partnered with Japan Tobacco on November 11, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/2/2022 | Partner | Japan | With Japan Tobacco Deal, Altria Now Has 2 Paths To Heated-Tobacco Devices 11/02/2022 TheHorizon Innovations LLC partnership will market HNB devices branded Ploom , which Japan Tobacco already sells overseas . | 1 | |
10/27/2022 | Partner | Japan | `` As part of our strategic focus on HTS , we 're very enthusiastic to launch our Ploom brand in the U.S. , the world 's largest RRP market in value , through our partnership with the market leader , Altria Group . | 7 | |
7/18/2022 | Partner | United States | Editor 's note : This story is one in a series exploring corporate partnerships with Auburn University 's Harbert College of Business . | 1 | |
9/30/2021 | Partner | ||||
5/27/2019 | Partner |
Date | 11/2/2022 | 10/27/2022 | 7/18/2022 | 9/30/2021 | 5/27/2019 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Japan | Japan | United States | ||
News Snippet | With Japan Tobacco Deal, Altria Now Has 2 Paths To Heated-Tobacco Devices 11/02/2022 TheHorizon Innovations LLC partnership will market HNB devices branded Ploom , which Japan Tobacco already sells overseas . | `` As part of our strategic focus on HTS , we 're very enthusiastic to launch our Ploom brand in the U.S. , the world 's largest RRP market in value , through our partnership with the market leader , Altria Group . | Editor 's note : This story is one in a series exploring corporate partnerships with Auburn University 's Harbert College of Business . | ||
Sources | 1 | 7 | 1 |
Compare Altria Group to Competitors
JUUL Labs focuses on providing alternatives to combustible cigarettes, operating in the tobacco industry. The company offers electronic cigarettes or vaporizers, designed to deliver nicotine in a vapor form, providing a similar experience to traditional smoking. JUUL Labs primarily targets adult smokers, aiming to transition them away from combustible cigarettes. It was founded in 2015 and is based in San Francisco, California.
Swedish Match is a company that specializes in the production and sale of smokefree tobacco products, cigars, and lights within the tobacco industry. The company offers a range of products including nicotine pouches, snus, chewing tobacco, and cigars, as well as matches and lighters. Swedish Match primarily serves the smokefree product sector, with a strong presence in the nicotine pouch and snus markets. It was founded in 1915 and is based in Stockholm, Sweden.
British American Tobacco is a global consumer goods company focused on tobacco and nicotine products in the tobacco industry. The company offers a variety of tobacco and nicotine delivery systems, including traditional tobacco products as well as reduced-risk products designed to provide smokers with alternatives to traditional smoking. British American Tobacco also emphasizes sustainability initiatives and ESG commitments as part of its business model. It was founded in 1902 and is based in London, England.
Imperial Brands (LSE: IMB) (OTCQX: IMBBY) (OTCQX: ITYBF) is a multinational tobacco company that offers cigarettes, cigars, fine-cut tobacco, and tobacco papers. Its brands include Davidoff, West, Gauloises Blondes, Montecristo, Golden Virginia (a hand rolling tobacco), Drum (fine-cut tobacco), and Rizla (rolling paper).
Eonsmoke focuses on the design, marketing, and distribution of electronic cigarettes and accessories. Its main offerings include electronic cigarettes that vaporize liquid solutions to simulate the smoking experience without actual combustion. The company primarily sells to distributors, wholesalers, and directly to consumers through its online presence. It was founded in 2011 and is based in Clifton, New Jersey. Eonsmoke ceased operations on February 1, 2021.
Reynolds American (NYSE: RAI) is the parent company of R.J. Reynolds Tobacco Company; American Snuff Company; Santa Fe Natural Tobacco Company; Niconovum USA; Niconovum; and R.J. Reynolds Vapor Company. R.J. Reynolds Tobacco Company is the second-largest U.S. tobacco company. R.J. Reynolds' brands include two of the best-selling cigarettes in the U.S.: Camel and Pall Mall. These brands, and its other brands, including Winston, Kool, Doral, Salem, Misty and Capri, are manufactured in a variety of styles and marketed in the U.S. American Snuff Company is the nation's second-largest manufacturer of smokeless tobacco products. Its leading brands are Grizzly and Kodiak. Santa Fe Natural Tobacco Company manufactures and markets Natural American Spirit 100% additive-free natural tobacco products, including styles made with organic tobacco. Niconovum USA and Niconovum market nicotine replacement therapy products in the U.S. and Sweden, respectively, under the Zonnic brand name. R.J. Reynolds Vapor Company makes and markets VUSE e-cigarettes, a highly differentiated vapor product.
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