The largest shareholder of Altria Group, Inc. is The Vanguard Group, Inc., which holds 9.2% of the company's shares outstanding.
Altria Group, Inc. (NYSE: MO) is a leading American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and related products. Its ownership structure is significantly influenced by large institutional investors.
Key Institutional Shareholders of Altria
Institutional investors, such as asset management firms and mutual funds, typically hold substantial portions of publicly traded companies. For Altria, these major institutions collectively control a significant percentage of its common stock.
Here's a breakdown of the top institutional shareholders:
| Shareholder Name | Percentage of Shares Outstanding |
|---|---|
| The Vanguard Group, Inc. | 9.2% |
| BlackRock, Inc. | 8.2% |
| Capital Research and Management Company | 4.5% |
The presence of such major financial powerhouses as leading shareholders indicates a strong institutional interest in Altria's performance and long-term prospects. These firms manage vast sums of money on behalf of their clients and often take substantial positions in large, established companies like Altria. Their investment decisions can influence market perceptions and the company's overall shareholder base.
