86.33 0.00 (0.00%)
After hours: 4:30PM EST
|Bid||86.28 x 4000|
|Ask||86.60 x 1800|
|Day's Range||85.53 - 86.44|
|52 Week Range||76.21 - 111.25|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||20.09|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||4.56 (5.11%)|
|1y Target Est||93.06|
Shares of major tobacco producers took a hit Thursday, Nov. 15, on news the Food and Drug Administration was planning a ban on flavored cigars and menthol in cigars and cigarettes, and to prevent minors from buying flavored e-cigarettes. The FDA formally announced the plans -- which are intended to curb smoking among kids and teens -- Thursday in a letter by commissioner Scott Gottlieb. "Today, we advance our efforts to combat youth access and appeal with a policy framework that firmly and directly addresses the core of the epidemic - flavors," wrote Gottlieb.
U.S. Food and Drug Administration Commissioner Scott Gottlieb announced on Thursday plans to ban menthol in products like cigarettes and cigars and restrict the sale of many types of flavored electronic nicotine systems like e-cigarettes in order to prevent youth use. The news sent shares of tobacco companies, many of whom also make electronic systems, down. Gottlieb also proposed banning flavored cigars "to ensure that we're taking a comprehensive approach," he said. Use of e-cigarettes has become extremely popular in recent years among young people; the products are safer than e-cigarettes but do contain addictive nicotine and bear other health concerns. The FDA chief has been warning about youth use of e-cigarettes for some time, and previously forecasted the agency's plans to take additional steps in November. But Gottlieb also said on Thursday that "if the policy changes that we have outlined don't reverse this epidemic, and if the manufacturers don't do their part to help advance this cause, I'll explore additional actions." The new policy, should it be finalized, would only allow the sale of flavored electronic nicotine systems in "age-restricted, in-person locations and, if sold online, under heightened practices for age verification," according to the FDA statement, and would not apply to tobacco, mint and menthol flavors and non-flavored products. British American Tobacco shares dropped 2.3% on Thursday, Altria Group shares dropped 1.3% and Philip Morris shares slumped 0.5%.
Income investors may not know it yet, but many dividend stocks might be facing a significant threat as the Federal Reserve hikes interest rates through the end of 2019. It’s times like these that many investors seek dividend aristocrats, but there are other dividend stocks out there that are still worth checking out despite not being in this exclusive club. Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:F) offers a dividend yielding 6.3%.
Juul announced Tuesday it would halt sales of its flavored e-cigarettes at retail locations and reduce its presence on social media.
PMI reaffirms its 2018 full-year reported diluted earnings per share forecast, provided with its third-quarter earnings results on October 18, to be in a range of $4.97 to $5.02, at the then prevailing exchange rates, representing a projected increase of approximately 28% to 29% versus reported diluted earnings per share of $3.88 in 2017. Excluding an unfavorable currency impact, at the then prevailing exchange rates, of approximately $0.12, the forecast range represents a projected increase of approximately 8% to 9% versus adjusted diluted earnings per share of $4.72 in 2017, calculated as reported diluted EPS of $3.88, plus tax items of $0.84 per share primarily related to the implementation of the Tax Cuts and Jobs Act (the “Tax Act”).
We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of June 30. In this article, we look at what those funds think of Altria Group Inc (NYSE:MO) based on that […]
Shares of tobacco companies were hit hard again in premarket trade Monday, adding to the previous session's losses, after The Wall Street Journal reported that the Food and Drug Administration was planning to propose a ban on menthol cigarettes. Wells Fargo analyst Bonnie Herzog recommended buying the cigarette maker stocks on the dip, however, as she believes an outright ban of menthols "is very unlikely." Altria's stock slumped 3.0% ahead of the open, after dropping 3.0% on Friday, while the U.S.-listed shares of British American Tobacco PLC tumbled 7.7% after falling 4.2% on Friday. Philip Morris International Inc. shares shed 0.7% premarket after slipping 0.3% on Friday. The WSJ reported late Friday that while FDA Commissioner Scott Gottlieb plans to pursue a ban on menthols, citing senior agency officials, it could take a year or more to have the ban finalized. The move would come after the FDA concluded in 2013 that menthols are harder to quit, the WSJ report said. Wells Fargo's Herzog said she doesn't believe science supports the assertion that menthols are more harmful than non-menthols. "Bottom line, we encourage [long-term] oriented investors to take advantage of any [near-term] weakness in tobacco stocks (especially [Altria]) from this potential negative headline," Herzog wrote in a note to clients. Altria's stock has lost 7.4% over the past three months while the S&P 500 has lost 1.8%.
The Food and Drug Administration aims to extend Obama-era policies restricting e-cigarette sales to teen consumers. Ban flavored e-cigarette sales in gas stations and convenience stores. The latter policy would exclude tobacco-, menthol- and mint-flavored products, according to The Washington Post.
E-cigarette maker Juul Labs is facing increased scrutiny from regulators over its appeal to teenagers as vaping becomes an epidemic.
Philip Morris International Inc. (PM) will host a live audio webcast of a presentation and answer-and-question session by Martin King, Chief Financial Officer, at the Morgan Stanley Global Consumer & Retail Conference at www.pmi.com/2018morganstanley on Tuesday, November 13, 2018 at approximately 9:20 a.m. ET. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements.
BERWYN, Pa., Nov. 5, 2018 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Philip Morris International Inc. ("Philip Morris" or the "Company") (PM) common stock between July 26, 2016 and April 18, 2018, inclusive (the "Class Period"). Philip Morris shareholders may, no later than November 5, 2018, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Philip Morris and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
NEW YORK, Nov. 05, 2018 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Philip Morris International Inc. ("Philip Morris" or the "Company") (NYSE: PM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The class period in this case has been expanded.
TD Asset Management nearly tripled its investment in Tesla while slashing its AT&T stake by a third. It also bulked up on marijuana stock Canopy while cutting back on Altria and Philip Morris.
ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 5, 2018 to file lead plaintiff applications in a securities class action lawsuit against Philip Morris International Inc.
NEW YORK, Nov. 04, 2018 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until November 5, 2018 to file lead plaintiff applications in a securities class action lawsuit against Philip Morris International Inc. (PM). Investor losses must relate to purchases of the Company’s shares between the expanded period of July 26, 2016 and April 18, 2018.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Philip Morris International Inc. ("Philip Morris" or the "Company") (NYSE: PM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The class period in this case has been expanded. Investors who purchased the Company's shares between July 26, 2016 and April 18, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before November 5, 2018.