Altria Group, Inc. (MO) is one of the world's largest manufacturers and sellers of smokeable and oral tobacco products, with a market cap of $84.8 billion. Based in Richmond, Virginia, the company’s wholly owned subsidiaries include leading brands in smokable, smoke-free, and oral nicotine products. Some of its renowned brands are Copenhagen, Black & Mild cigars, and, of course, the legendary Marlboro.
Shares of this leading tobacco manufacturer have underperformed the broader market over the past 52 weeks. MO has gained 12.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.8%. But in 2024, things are looking- Altria Group's stock is up 22.6%, easily overshadowing SPX’s 8.7% rise on a YTD basis.
