|Bid||81.47 x 800|
|Ask||81.54 x 1400|
|Day's Range||80.85 - 81.78|
|52 Week Range||79.40 - 123.55|
|PE Ratio (TTM)||20.99|
|Forward Dividend & Yield||4.28 (5.34%)|
|1y Target Est||N/A|
Philip Morris has patented a smart cigarette that connects with Blue Tooth to harvest user information. Yahoo Finance's Seana Smith, Rick Newman, Ethan Wolff-Mann and Dion Rabouin discuss.
Can Altria Reverse Its Downward Momentum? Of the 15 analysts that follow Altria Group (MO), 73.3% favor a “buy,” and the remaining 26.7% favor a “hold.” None of the analysts favor a “sell” option. On April 30, RBC Capital upgraded the stock from “sector perform” to “outperform.” The investment firm has set a target price at $65, which represents a return potential of 16.8%.
Can Altria Reverse Its Downward Momentum? On May 17, Altria Group (MO) announced dividends of $0.70 per share, which will be paid on July 10, to shareholders on record as of June 15, 2018. The dividends were announced at a payout ratio of 70.0% and a dividend yield of 5.0% given the stock price of $55.64 as of May 21.
Can Altria Reverse Its Downward Momentum? Analysts were expecting Altria Group (MO) to post revenue, net of excise tax, of $19.8 billion, which represents growth of 0.9% from $19.6 billion in the corresponding four quarters of the previous year. The revenue growth is expected to be driven by an increase in product innovations and product prices.
At the end of May 21, Altria Group (MO) was trading at $55.64, a decline of 22.1% from the beginning of this year. In Q1 2018, the company had posted adjusted EPS (earnings per share) of $0.91 on net revenues of $4.7 billion. Analysts were expecting EPS of $0.80 on revenues of $4.8 billion. Although Altria outperformed analysts’ EPS estimate, the stock price of the company declined due to a dip in cigarette shipment volumes of 4.2%. Also, the uncertainty surrounding the long-term potential of Philip Morris International’s iQOS has made investors skeptical about Altria’s future earnings.
is hoping to light a fire under its efforts to diversify away from traditional tobacco products, announcing on Tuesday that it was creating two new divisions — one for “core” tobacco like cigarettes, and a separate unit for “innovative” products like vaping devices, as smokers increasingly seek out less harmful options. Altria said that its new “core” division will comprise cigarette maker Philip Morris USA, pipe tobacco and cigar company John Middleton, snuff maker US Smokeless Tobacco Co and Nat Sherman, and its line of premium cigarettes and cigars. The new unit will be headed by Jody Begley, who has held various roles at the company, most recently as president and general manager of Altria’s innovation company Nu Mark.
Philip Morris (PM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Marijuana markets are set to boom in North America as Canada prepares for the nationwide legalization of cannabis, creating some huge opportunities for investors
Insiders at a flooring products maker and a REIT returned to the buy window this week. Conventional wisdom says that insiders and 10-percent owners really only buy shares of a company for one reason — they believe the stock price will rise and want to profit. Perrigo Company plc (NYSE: PRGO) saw one of its directors buy 400,000 shares of this Dublin-based health care products maker.
While Italy's 5-Star Movement and League party left financial markets gasping on Friday with promises to raise government spending dramatically, users and producers of electronic cigarettes were breathing more easily. The parties' 57-page "contract", which is supposed to underpin a new coalition government, includes two lines promising to lower levies on smokeless cigarettes to the benefit of Italy's 2 million e-smokers, and a business worth 350 million euros (305.8 million pounds) a year. "Out with the tax on electronic cigarettes!" League leader Matteo Salvini said earlier this week in a video streamed on Facebook, before the programme had been finalised.
While Italy's 5-Star Movement and League party left financial markets gasping on Friday with promises to raise government spending dramatically, users and producers of electronic cigarettes were breathing more easily. The parties' 57-page "contract", which is supposed to underpin a new coalition government, includes two lines promising to lower levies on smokeless cigarettes to the benefit of Italy's 2 million e-smokers, and a business worth 350 million euros ($400 million) a year. "Out with the tax on electronic cigarettes!" League leader Matteo Salvini said earlier this week in a video streamed on Facebook, before the programme had been finalised.
Directors of Philip Morris International (PM) have made the biggest open-market purchases—both in dollar value and in share volume—by company insiders since 2013. Jennifer Li, chief executive of Baidu's (BIDU) Baidu Capital unit, bought 40,000 Philip Morris shares over May 11 and 14 for a total of $3.3 million, an average of $81.30 a share. Li now owns 62,300 shares of the tobacco giant.
Philip Morris International Inc. is trying on a new strategy to appeal to more conservative smokers in Japan who aren’t willingly exchanging their cigarettes for high-tech gadgets. The reasons behind the deceleration: increased competition and difficulty breaking into an older, more rural demographic, according to Chief Executive Officer Andre Calantzopoulos. More than 5.4 million Japanese consumers were using iQos as of March, and investors see it as a test case for how it could expand across the globe.
TOKYO/NEUCHATEL, Switzerland (Reuters) - In seeking regulatory approval for a new smoking device called iQOS, Philip Morris International Inc is claiming the electronic gadget is less likely to cause disease than traditional cigarettes. The tobacco giant is already building a database of iQOS customers who register with the company. The initiative, if allowed by regulators, could extract information about a user's smoking routine from the device and use it for marketing purposes, said a former project manager at the company who tested the software in Japan.
In an exchange reminiscent of Elon Musk’s recent clash with analysts, the debate got heated at Philip Morris International Inc.’s annual shareholder meeting. Although corporate calls and investor events tend to be procedural -- even boring -- the tobacco giant’s chairman didn’t hold back as gadfly shareholders took aim at the company’s heat-not-burn iQos device, a key product in its plan to combat falling cigarette sales. Another investor, who argued in a question-and-answer session that iQos is essentially just a new channel to fuel consumers’ nicotine addiction, was told to “read some science.” The device is not “some plastic version of a combustible cigarette,” Camilleri said.
Philip Morris International sells Marlboro cigarettes outside the U.S. The Big Tobacco company is now trying to pivot toward smoke-free products, including IQOS. Philip Morris has applied to introduce IQOS in the U.S. and is awaiting a decision from the Food and Drug Administration.
Jim Cramer flies through his take on callers' favorite stocks, including a cigarette maker that could be in trouble.
After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth. All eyes in the country’s financial community have been on Venture Corp., an electronics stock that more than tripled since April 2016 to become -- at one point -- a $6.5 billion firm. Venture Chief Executive Officer Wong Ngit Liong boosted his stake in 2016 -- for the first time in many years -- ahead of the stock rally.
Slowing momentum for one of the tobacco company's most important product lines contributed to record sell-offs last month.