|Bid||99.07 x 800|
|Ask||99.11 x 1000|
|Day's Range||98.05 - 99.23|
|52 Week Range||68.93 - 100.95|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||17.46|
|Earnings Date||Oct 19, 2021|
|Forward Dividend & Yield||4.80 (4.88%)|
|Ex-Dividend Date||Jun 24, 2021|
|1y Target Est||108.07|
Altria is trying to become less of a cigarette company as demand fades. Is the stock a buy after breaking out then giving back its gains?
Tobacco company Philip Morris International (NYSE: PM) has announced a goal to cease cigarette sales in the U.K. within the next 10 years. What Happened: In an interview with the Daily Mail, CEO Jacek Olczak stated the company will replace its traditional cigarette product line with “modern alternatives” including e-cigarettes and heated tobacco devices. “I want to allow this company to leave smoking behind,” Olczak said. “I think in the U.K., 10 years from now maximum, you can completely solve
Philip Morris International will stop selling cigarettes in the U.K. 10 years from now. That might be a problem for a cigarette maker, but it has a plan.