AllAnalyst Report
logoArgusMay 05, 2021

Altria Group, Inc.: Lowering to HOLD

Consumer Defensive
Current Price
Price Target
Earnings Estimate

Altria Group, founded in 1919, manufactures and sells cigarettes, smokeless tobacco products, and alcoholic beverages in the United States and abroad. Its cigarette brands include Marlboro, Virginia Slims, Parliament, Benson & Hedges, Basic, Merit, Chesterfield and L&M. The company acquired the U.S. Smokeless Tobacco Company in 2009, adding the Copenhagen, Skoal, Red Seal, and Husky brands to its portfolio. The company also spun off its international operations as Philip Morris International in 2008. Altria retains the Philip Morris USA segment, which focuses on the U.S. market and includes various cigar, pipe tobacco, e-cigarette, wine, and beer brands. The company also manages a portfolio of leveraged leases in land transportation, aircraft, electric power, real estate, and manufacturing. Altria has 7,300 employees.

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Analyst Profile

Kristina Ruggeri

Analyst: Generalist
Kristina began working with Argus Research in 2019. She is responsible for covering selected Consumer Discretionary and Consumer Staples Stocks and has nearly 20 years of experience in the financial services industry. Kristina began her career at Price Waterhouse where she audited asset managers, broker dealers, and banks. Later she joined J.P. Morgan as a financial analyst. In 1994, Kristina joined Bankers Trust Company where she managed the daily operations of several equity derivative funds and later implemented tools to mitigate risk and improve workflow processes. Prior to working with Argus, Kristina was a Senior Director at S&P Global where she led key competitive intelligence and market research initiatives and executed programs to better understand client needs. Kristina earned a BS in Accounting and a minor in Spanish from Bucknell University. She holds an MBA in Finance from New York University’s Stern School of Business and is a Certified Public Accountant. Kristina is also a certified teacher in the State of New Jersey and devotes time to working with elementary and middle school-aged students.