With a market cap of $102.1 billion, Altria Group, Inc. (MO) manufactures and sells smokeable and oral tobacco products in the United States. Founded in 1822, the Richmond, Virginia-based company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand, and more.
Companies worth $10 billion or more are generally described as "large-cap stocks." MO fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the tobacco industry. MO benefits from being one of the largest tobacco companies in the world, owning Philip Morris USA, the most profitable U.S. cigarette manufacturer, and John Middleton, a leading U.S. cigar manufacturer.
