|Bid||100.14 x 900|
|Ask||100.69 x 800|
|Day's Range||99.84 - 100.43|
|52 Week Range||85.64 - 112.48|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||17.17|
|Earnings Date||Oct 20, 2022|
|Forward Dividend & Yield||5.00 (4.94%)|
|Ex-Dividend Date||Jun 30, 2022|
|1y Target Est||109.57|
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It's no wonder Altria's (NYSE: MO) stock has lost more than a fifth of its value in just a couple of months. Marketing partner Philip Morris International (NYSE: PM) is getting cold feet on working with Altria to sell its IQOS heated tobacco device while also just acquiring the leading competitor to Altria's own smokeless tobacco products. At the same time, the federal government all but obliterated Altria's $13 billion investment in Juul Labs, the one-time electronic-cigarette leader.
Philip Morris International Inc (NYSE: PM) may have to increase its Swedish Match AB's (OTC: SWMAY) $16 billion bid to gain full ownership of the smokeless-tobacco maker, writes Wall Street Journal. Philip Morris wants to gain an edge over its competitors, including Altria Group Inc (NYSE: MO) and British American Tobacco PLC (NYSE: BTI), to dominate smoke-free tobacco products. According to the WSJ report, since the companies announced their deal in May, hedge fund Elliott Management Corp has a
The Home Depot, Philip Morris, BlackRock, Deere and Starbucks are included in this Analyst Blog.