Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc.), based in Henrico County, Virginia, is the parent company of Philip Morris USA, John Middleton, Inc., Philip Morris Capital Corporation, and Ste Michelle Wine Estates, and is one of the world's largest tobacco corporations. In addition, Altria Group, Inc. has a 28.7% economic and voting interest in one of the world's largest brewing companies, UK based SABMiller plc. It is a component of the S&P 500 and was a component of the Dow Jones Industrial Average until February 19, 2008.
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Altria donates $400,000 to the Red Cross National Disaster Relief Fund ... Altria AKA Philip Morris buys US Smokeless Tobacco — 1 comment ...wordpress.com/tag/altria/DealZone " Altria | Blogs |
The deal would be Altria's first major purchase since it split from its ... Reuters blogs are now using Apture, a service that helps us link to related ...blogs.reuters.com/reuters-dealzone/tag/altria/Theflyonthewall.blog: Through the Fly's Eyes: Altria
Possible Spin-off by Altria Could be Positive for Investors. Altria (MO) has shown several signs that it will announce a spin-off of its ...theflyonthewallblog.blogspot.com/2007/08/through-flys-eyes-p...Altria Revisited: Preemption Redemption for Justice Stevens - Law Blog ...
Today's Supreme Court ruling on preemption, Altria Group Inc. ... The Wall Street Journal's Law Blog covers the notable legal cases, trends and ...blogs.wsj.com/law/2008/12/15/altria-revisited-preemption-red...PMI / Altria: Poised to Smoke the Market
For my first blog post ever, I would like to share an investment case that I've ... Why would you want to buy shares in Altria before the spin-off? ...caps.fool.com/Blogs/ViewPost.aspx?bpid=21743&t=010010192...Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc.), based in Henrico County, Virginia, is the parent company of Philip Morris USA, John Middleton, Inc., Philip Morris Capital Corporation, and Ste Michelle Wine Estates, and is one of the world's largest tobacco corporations. In addition, Altria Group, Inc. has a 28.7% economic and voting interest in one of the world's largest brewing companies, UK based SABMiller plc. It is a component of the S&P 500 and was a component of the Dow Jones Industrial Average until February 19, 2008.
On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. On March 30, 2007, a spin out of Kraft Foods subsidiary (publicly traded since 2001) was concluded through distribution of the remaining stake of shares (88.1%) to Altria shareholders. As a result, Altria no longer holds any interest in Kraft Foods. On March 28, 2008 a similar spin out of Philip Morris International was completed with 100% of shares being distributed to Altria shareholders.
On January 6, 2009, Altria Group, Inc. completed the acquisition of UST Inc., the world's leading moist smokeless tobacco manufacturer and also acquired Ste Michelle Wine Estates, a leading fine wine company.
Holdings
Altria Group, Inc. owns 100 percent of Philip Morris USA, John Middleton, Inc. and Philip Morris Capital Corporation. It also owns 28.7% of SABMiller PLC.
Before the recent restructuring, the net revenue (and operating income) of Altria Group, Inc. came predominantly from its tobacco business, as is shown in the following table. Altria's share of SABMiller's revenue and profits is not included in the table below because its holding is too small to be consolidated in the group accounts.
Branding as Altria
The rebranding of Phillip Morris to Altria took place in 2003. The company wished to emphasize that its business consists of more than tobacco; at the time, it owned an 84% stake in Kraft, although that business has since been spun off. The name "Altria" comes from the Latin word for "high" and was part of a trend of companies rebranding to names that previously did not exist, Accenture and Verizon being two other notable examples. The rebranding took place amidst financially troubled circumstances. The name change was mocked by Doonesbury, which had a cartoon reminding readers to think of cancer and death when they see "Altria."Fact: date=January 2009
Controversy
"Philip Morris documents show the majority of the company's internal reports regarding PO-210 (Polonium) were not published. One manuscript believed by some Philip Morris scientists to be favourable to the tobacco industry was withheld from publication for fear of heightening public awareness of PO-210."Vague: date=January 2009
Tobacco
Philip Morris USA brands:
- Alpine
- Basic
- Best
- Bristol
- Bucks
- Cambridge
- Chesterfield
- Classic
- Collector's Choice
- Commander
- Drina
- Elita
- English Ovals
- F6
- Lark
- Long Beach
- L&M
- Marlboro
- Merit
- Morava
- Next
- Parliament
- Philip Morris
- Players
- Saratoga
- Sampoerna (a brand of Indonesian kreteks)
- Virginia Slims
