Altria Group Inc (MO)

Altria Group Inc (MO)

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Altria Group Inc (MO) Profile

Altria Group Inc (MO.xnys) is an American corporation producing tobacco, cigarettes and related products headquartered in Henrico County, Virginia, United States. Altria is one of the world’s largest producers and marketers of its kind with 8,300 employees and is the parent company of Philip Morris, John Middleton Inc, U.S Smokeless Tobacco Company, Philip Morris Capital Corporation. The company has 7 offices located throughout the United States. Altria Group Inc stock (MO.xnys) is listed on the New York Stock Exchange (NYSE), had a market capitalisation of $90.91B (USD) as of January 2022 and $26.15B (USD) in 2020 yearly revenue. Altria offers several oral tobacco and heated tobacco products after maintaining large minority stakes in e-cigarette maker JUUL Labs, the Belgium-based brewer ABInBev and providing the tobacco-derived nicotine pouch product of on! with 110,000 stores in the U.S. Altria also expands in the cannabis industry, acquiring stakes in the Canadian cannabis company, Cronos Group. The company remains committed to the heated tobacco category and believes that it can play an important role in transitioning smokers to a smoke-free future.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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