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Argus•February 06, 2023
Argus•February 06, 2023Altria Group, Inc.: Maintaining HOLD following 4Q results
Summary
Altria Group, founded in 1919, manufactures and sells cigarettes, smokeless tobacco products, and alcoholic beverages in the United States and abroad. Its wholly owned subsidiaries include Philip Morris USA Inc. and John Middleton Co., a leading U.S. cigar manufacturer. Its smoke-free portfolio includes ownership of U.S. Smokeless Tobacco Company LLC and Helix Innovations LLC, a manufacturer of oral nicotine pouches. The company has a majority-owned joint venture, Horizon Innovations LLC (Horizon), for the U.S. marketing and commercialization of heated tobacco stick products. Altria also has equity investments in Anheuser-Busch InBev SA/NV and Cronos Group Inc. The brand portfolios of its tobacco
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Analyst Profile
David E. Coleman
Securities Analyst and Quantitative Portfolio StrategistAt Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.