84.85 -0.20 (-0.24%)
After hours: 5:31PM EDT
|Bid||84.50 x 3100|
|Ask||85.05 x 1200|
|Day's Range||84.37 - 85.27|
|52 Week Range||76.21 - 119.43|
|PE Ratio (TTM)||20.64|
|Earnings Date||Oct 18, 2018|
|Forward Dividend & Yield||4.56 (5.44%)|
|1y Target Est||93.00|
Britain’s competition and consumer protection watchdog has opened an investigation into celebrity “influencers” who use social media to advertise brands and products without revealing if they have been paid to do so. The Competition and Markets Authority said on Thursday it had written to a number of celebrities to “gather information about their posts and the nature of the business agreements they have in place with brands”. “If people see clothes, cosmetics, a car, or holiday being plugged by someone they admire, they might be swayed into buying it,” said George Lusty, the CMA’s senior director for consumer protection.
In 1847 Mr Philip Morris opened the doors of his tobacconist’s shop on Bond Street for the first time. In 1999, Philip Morris International finally accepted that smoking is addictive and causes cancer and other diseases. In 2016, Philip Morris International decided to stop selling cigarettes one of these days.
I can’t think of a stock that’s more hated than Philip Morris International (NYSE:PM). We’ve written about this company several times before. And just about every time we mention it, we end up receiving nasty emails admonishing the fact that we would cover — let alone recommend — investors own shares of this company.Source: Taber Andrew Bain Via Flickr
In the daily bar chart of PM, below, we can see that prices have moved up from an early June low. The volume of trading does not show a rising pattern, which would be positive and the daily On-Balance-Volume (OBV) line does not show much in the way of bullish movement. The trend-following Moving Average Convergence Divergence (MACD) oscillator is above the zero line but the two averages that make up this indicator have narrowed toward a possible bearish crossover.
SAN DIEGO , Aug. 4, 2018 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating whether certain officers and directors of Philip Morris International Inc. (NYSE: PM) ("Philip ...
Philip Morris International Inc. is suing its biggest rival British American Tobacco PLC over its tobacco heating device in Japan, the latest move by tobacco makers jostling for dominance over a promising new cigarette alternative. Philip Morris, which sells its own tobacco-heating device IQOS in Japan, Friday said it was alleging that some features of BAT’S Glo device infringe on technologies covered by two of its Japanese patents. A spokeswoman for BAT said the London-based owner of Kent, Dunhill and Lucky Strike brands will be challenging the validity of the patents upon which Philip Morris is basing its case.
On July 27, Altria Group (MO) was trading at $57.90. On the same day, analysts set their average price target for the company at $67.24, representing a return potential of 16.1%. Before the announcement of Altria’s second-quarter earnings, analysts set their average price target for the stock at $68.24.
Altria Group (MO) posted EPS of $0.99 in its second quarter. However, removing special items, the company’s adjusted EPS stood at $1.01, representing a rise of 18.8% YoY (year-over-year) from $0.85. This EPS growth was driven by a lower effective tax rate and the shares the company repurchased over the last four quarters partially offset by its lower operating income and increased investment in innovative tobacco products. The company’s cost of sales fell due to lower shipment volumes in the Smokable Products segment.
For the next four quarters, analysts are expecting Altria Group (MO) to post revenue of $19.81 billion, which represents a rise of 2.2% from the corresponding four quarters of the previous year. To maximize its core tobacco business and realize the full potential of its innovative tobacco products, Altria has established two divisions: core tobacco and innovative tobacco products. The company will also be creating a new position for a chief growth officer, who will identify adult tobacco consumers’ needs and translate them into strategies for Altria to develop innovative products.
Altria Group (MO) posted revenue of $4.88 billion net of excise tax in the second quarter, short of analysts’ consensus expectation of $5.03 billion.
Altria Group (MO) posted its second-quarter earnings results before the market opened on July 26. The company posted adjusted EPS of $1.01 on revenue of $4.88 billion net of excise tax.
Though this megacap high-yield stock has been "smoked" this year, it presents an intriguing case for long-term bulls.
NEW YORK, July 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Synopsys, ...
In a world of “big data” tech giants and innovative new energy technologies, Hormel Foods (NYSE:HRL) — the folks who bring American households Spam and Skippy peanut butter, among other well-known food products distributed around the country — may not seem like an exciting stock purchase. Hormel is actually one of the oldest American firms, going back to 1891.
Inc.’s revenue declined in its latest quarter as it lost share in a shrinking U.S. smoking market, fanning fears the Marlboro maker is losing customers to e-cigarette startups like Juul Labs Inc. The company said Marlboro volumes fell 10% in the quarter, faster than expected. Overall, Altria said its cigarettes U.S. retail market share declined to 50.2% in the second quarter from 50.9% in the same quarter a year before.
Philip Morris International Inc. (PM) informs its shareholders that its Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 has been filed with the U.S. Securities and Exchange Commission (“SEC”). PMI makes available free of charge on its website at www.pmi.com, its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, reports filed pursuant to Section 16 of the U.S. Securities Exchange Act of 1934 and amendments to those reports as soon as reasonably practicable after PMI electronically files or furnishes such materials to the SEC. All of these documents will be provided free of charge to any shareholder requesting a copy by writing to: Philip Morris International Inc., 120 Park Avenue, New York, New York 10017, U.S.A., attention: Corporate Secretary.