|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||83.82 - 86.30|
|52 Week Range||83.50 - 123.55|
|PE Ratio (TTM)||21.72|
|Forward Dividend & Yield||4.28 (4.16%)|
|1y Target Est||N/A|
Some analysts say that a shift toward vaping among pot users could make the marijuana business an opportunity for big tobacco firms like Altria Group and Turning Point Brands.
Shares of Philip Morris International (PM) are down again Friday, after they were the worst performer in the S&P 500 on Thursday, following its mixed first-quarter earnings. Investors worried that its new tobacco products are not growing quickly enough (although others saw a buying opportunity). Bank of America Merrill Lynch analyst Lisa Lewandowski downgraded the shares to Underperform from Neutral and cut her price target to $88 from $113, writing that she is more cautious on IQOS, the company’s electronic tobacco-delivery system, and the unexpected slowdown in Japanese demand.
Philip Morris International Inc. (NYSE:PM) shares fell off a cliff on April 19 after the company reported disappointing earnings. The fall was bigger than the disappointment, but it seemed to portend trouble for tobacco generally and took the whole consumer staples sector of the market down with it. The company — which sells exclusively outside the U.S. and spun-out from Altria Group Inc (NYSE:MO) in 2008 — had net income of $1.65 billion, $1.00 per share, on revenue of $6.9 billion.
The positive earnings flow continued Friday as General Electric Company (NYSE: GE) became the latest major company to beat Wall Street analysts’ earnings-per-share projections, though it missed on revenue. Shares of the struggling industrial conglomerate rose more than 3 percent in pre-market trading, while the overall market appeared to have a mixed tone going into the final day of this action-packed week. The power market continues to be challenging for GE, with revenue there taking another big hit in Q1.
The positive earnings flow continued Friday as General Electric became the latest major company to beat Wall Street analysts’ earnings-per-share projections, though it missed on revenue. Shares of the struggling industrial conglomerate rose more than 3% in pre-market trading, while the overall market appeared to have a mixed tone going into the final day of this action-packed week. The power market continues to be challenging for General Electric, with revenue there taking another big hit in Q1.
Philip Morris International Inc. (NYSE: PM ) sunk 15.6 percent Thursday after posting mixed earnings results, and analysts, although slicing expectations, defended the firm’s fundamentals. The Rating Stifel ...
Weak shipment volumes stemming from declining cigarette sales have long been a hurdle for firms in the tobacco space. However, RRPs are likely to continue expanding.
Zacks Investment Ideas feature highlights: Phillip Morris International, Altria and British American Tobacco
The S&P 500’s top losses on April 19 were: Philip Morris International (PM) declined 15.6%. Align Technology I (ALGN) declined 8.8%. Lam Research (LRCX) declined 6.6%. United Rentals (URI) declined 6.5%. Applied Materials (AMAT) declined 6.5%. Philip Morris International
* Singapore index down, but posts 4th week of gains * Philippine shares extend weekly losses for 8th week in 9 * Vietnam shares up over 2 pct By Nikhil Nainan April 20 (Reuters) - Singapore stocks ended ...
* S'pore shares on track for weekly gain of 2 pct * Philippine shares up 0.8 pct By Nikhil Nainan April 20 (Reuters) - Most Southeast Asian stock markets slipped on Friday tracking broader Asia which was ...
Shares of tobacco companies tumbled after Philip Morris International Inc. said cigarette shipments fell more than expected and sales for its cigarette alternative started to stall in a key market—raising wider alarm about the health of the entire tobacco industry. The disappointing first-quarter results dragged down shares of other giants, like Altria Group Inc., British American Tobacco PLC and Imperial Brands PLC. New headwinds have emerged, punctuated by Philip Morris’s disappointing quarterly results on Thursday.
The S&P 500 snapped a three-day winning streak Thursday, as tumbling shares of consumer-staple companies pulled the broad index lower.
Beyond death and taxes, perhaps the best candidate for a constant in life is sin. In investing, as the academics Elroy Dimson, Paul Marsh and Mike Staunton have shown, sin stocks are about as close as we come to a perpetual winner. This chart, taken from a presentation by Elroy, shows the returns over time for the Vice fund (sadly now renamed the Barrier fund, but still only investing in sinful companies), compared to one of the most prominent funds that screens out unethical stocks.
Big tobacco is still looking for a savior, as shares for this cigarette giant plunged the most in a decade, reports @jennymkaplan https://bloom.bg/2vtuYcW #tictocnews (Source: Bloomberg)
After its stock fell the most in a decade on Thursday, Philip Morris International Inc.’s challenge is to convince baby boomers to switch from cigarette smoking to a distinctly millennial activity -- fiddling ...
Philip Morris International is struggling to persuade people to stop smoking cigarettes. In Japan, the over-50s are still setting fire to cancer-causing sticks like there is no tomorrow. Its shares fell as much as 18 per cent, their worst decline since it split from Altria in 2008.
Tobacco and tech stocks dragged down Wall Street on Thursday, while oil prices softened and other commodities walked back huge gains after a wild ride. A bump in long-dated U.S. Treasury yields steepened the curve after two weeks of flattening, and supported a stronger dollar. Robust corporate earnings had boosted shares this week, but a tepid forecast on smartphone demand sent stocks from Apple to chipmakers tumbling on Thursday.
On a day stocks slumped, American Express rose following its first-quarter report and Philip Morris plummeted on disappointing sales of cigarette alternatives.
American Express (AXP) topped all other S&P 500 components on Thursday, helped by its upbeat first-quarter earnings. AmEx gained $7.22, or 7.6%, to $102.37. The S&P 500 fell 15.51 points, or 0.57%, to 2693.13.
NYU Langone Medical Center Professor Dr. Marc Siegel on the decline in opioid prescriptions filled this year and a report on the decline in smoking.