|Bid||84.32 x 1200|
|Ask||84.93 x 900|
|Day's Range||83.83 - 86.22|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||17.12|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||4.56 (5.27%)|
|1y Target Est||92.59|
The Zacks Analyst Blog Highlights: Home Depot, Phillip Morris, United Parcel Service, V.F. and Shopify
Brazil is suing the world's largest cigarette makers, British American Tobacco Plc and Philip Morris International, in a landmark case aimed at recovering the public health treatment costs of tobacco-related diseases over the last five years. The Brazilian solicitor general's office, known as the AGU, announced the lawsuit late on Tuesday against the two multinational companies and their Brazilian subsidiaries, who produce most of the cigarettes sold in the country. The suit seeks to recover the cost of treating patients for 26 illnesses related to smoking tobacco or coming into contact with cigarette smoke, the AGU said in a statement.
The organizations' letter to the firms cited a recent Reuters report https://www.reuters.com/article/us-philipmorris-ecigs-instagram-exclusiv/exclusive-philip-morris-suspends-social-media-campaign-after-reuters-exposes-young-influencers-idUSKCN1SH02K documenting how cigarette maker Philip Morris International Inc has used young personalities on Instagram to sell a new "heated tobacco" product called IQOS. The groups said social media firms are not doing enough to regulate "influencers" on their platforms who are hired by companies to promote nicotine products.
Philip Morris International Inc. (PMI) (PM) today announced leadership moves to accelerate the realization of its vision of a smoke-free future and further enhance business growth. The company has created the following new roles: Chief Consumer Officer (CCO), Chief Life Sciences Officer (CLSO), Chief Product Officer (CPO) and Chief New Ventures Officer (CNVO). “Since the launch of our smoke-free product, IQOS, in 2014, we have made enormous progress both in terms of organizational capabilities, know-how and in our business results.
Altria Group stock has lagged both the market and big tobacco peer Philip Morris this year, but Wells Fargo argues that the stock has been oversold, creating a good entry point for investors.
Philip Morris (PM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Why Bank of America Upgraded Philip Morris(Continued from Prior Part)Stock performanceToday, Philip Morris International (PM) was trading ~0.8% higher at 11:05 AM EST. Bank of America’s upgrade appears to have led PM’s stock price to rise.
Why Bank of America Upgraded Philip MorrisThe upgradeToday, Bank of America upgraded Philip Morris International (PM) from “underperform” to “neutral” and also raised its price target from $81 to $94. As reported by CNBC, Bank of America is
Bank of America Merrill Lynch analyst Lisa Lewandowski upgraded the tobacco giant to Neutral from Underperform. There are a few reasons she’s not a bull yet.
Philip Morris International Inc. (PMI) (PM) today published its fourth Sustainability Report, detailing its progress in key areas across its value chain. PMI’s mission to unsmoke the world is core to its sustainability ambition and business strategy. André Calantzopoulos, PMI’s Chief Executive Officer, said: “We’re often asked, ‘Can a tobacco company be sustainable?’ Our answer to that is, ‘Absolutely.’ That is, provided we are taking every step possible to completely replace cigarettes with better alternatives for the adult smokers who would otherwise continue smoking, addressing challenges across our value chain and seizing opportunities to add value to society.
Insider Monkey recently shared Fundsmith's 2018 Annual Letter, a copy of which you can track down here. Aside from reporting its 2018 annual return for its Fundsmith Equity Fund, which was 2.2%, the fund also shared its opinion on several stocks in its equity portfolio. Among them was Philip Morris International Inc. (NYSE:PM), for which […]
As uncertainty over the outcome of Sino-American trade talks grows, so does the possibility of a longer-than-expected negotiations or an all-out trade war, strategists at Goldman Sachs are providing some timely trading strategies.
Philip Morris International Inc.’s (PM) Chief Financial Officer, Martin King, will address investors today at the Goldman Sachs Global Staples Forum in New York. The audio webcast may also be accessed on iOS or Android devices by downloading PMI’s free Investor Relations Mobile Application at www.pmi.com/irapp. Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders.
Buy Services, Sell Goods, Says Goldman Sachs If Tariff War Explodes The people at Goldman Sachs (NYSE:GS) may know a bit about trading, or maybe not, but either way, they’re saying to sell goods stocks and buy services stocks if the Chinese retaliate to the Trump Administration’s latest move to jack up tariffs on $200 […]The post Market Morning: Kudlow Cracks, Brexiters Rage, Gilead Butters Up FDA, Philip Morris Backtracks appeared first on Market Exclusive.
The company told Reuters of the decision late Friday, saying it had launched an internal investigation into marketing posts and photographs that Reuters sent to the company for comment earlier this week. "We have taken the decision to suspend all of our product-related digital influencer actions globally," the company told Reuters.
Dividend growth investors are often drawn to securities with generous yields. Sometimes, though, high yields can be a warning sign of the underlying business struggling. One of the best high-dividend stocks is Philip Morris International Inc. (PM).
Securities backed by the payments states receive from the 1998 legal settlement with tobacco companies tumbled at the end of April after legislation was introduced in Congress to raise the age for buying cigarettes, a step that threatened to accelerate the steeper-than-anticipated drop in consumption that’s weighed on the prices of the bonds. The U.S. Food and Drug Administration’s April 30 approval of a tobacco-heating device could win back consumers that have switched to e-cigarettes, like Juul, and help stanch the decline in annual settlement payouts that finance the securities, according to Citigroup Inc. analysts led by Vikram Rai. The Philip Morris International device heats a stick of tobacco in a way that produces a traditional cigarette taste without as many toxins.
Second paragraph, second sentence of release should read: PMI will bring IQOS to the U.S. in cooperation with Altria Group, Inc., and its subsidiary Philip Morris USA (instead of PMI will bring IQOS to the U.S. in cooperation with Altria Companies, Inc., and its subsidiary Philip Morris USA).
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 Goldman Sachs Global Staples Forum at www.pmi.com/2019goldmansachs on Tuesday, May 14, 2019, at approximately 8:15 a.m. ET. The audio webcast may also be accessed on iOS or Android devices by downloading PMI’s free Investor Relations Mobile Application at www.pmi.com/irapp. Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders.