Altria Group Inc.: Today’s Featured Tobacco Winner

Altria Group Inc pushed the Tobacco industry higher today making it today’s featured tobacco winner.

The industry as a whole closed the day up 2.4%. By the end of trading, Altria Group Inc rose 35 cents (1.3%) to $27.60 on average volume. Throughout the day, 11.1 million shares of Altria Group Inc exchanged hands as compared to its average daily volume of 14.3 million shares. The stock ranged in a price between $27.46-$27.72 after having opened the day at $27.65 as compared to the previous trading day’s close of $27.25.

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Other companies within the Tobacco industry that increased today were: Star Scientific Inc ( CIGX ), up 5.1% and Alliance One International Inc ( AOI ), up 5%.

Altria Group Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless tobacco products, and wine in the United States and internationally. Altria Group Inc has a market cap of $55.77 billion and is part of the consumer goods sector. The company has a P/E ratio of 14, below the average tobacco industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Friday.

TheStreet Ratings rates Altria Group as a buy. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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