Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Altria Group ( MO) pushed the Tobacco industry higher today making it today's featured tobacco winner. The industry as a whole closed the day up 1.1%. By the end of trading, Altria Group rose $0.35 (1.0%) to $35.28 on average volume. Throughout the day, 8,052,235 shares of Altria Group exchanged hands as compared to its average daily volume of 9,219,500 shares. The stock ranged in a price between $34.74-$35.28 after having opened the day at $34.75 as compared to the previous trading day's close of $34.93. Another company within the Tobacco industry that increased today was British American Tobacco ( BTI), up 2.5%.
Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. Altria Group has a market cap of $70.3 billion and is part of the consumer goods sector. Shares are down 9.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Altria Group a buy, no analysts rate it a sell, and 6 rate it a hold. TheStreet Ratings rates Altria Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.