News
PM
96.09
-2.96%
-2.93
Smokeless Products Are the Future of Big Tobacco. This Company Is Losing the Race.
Tobacco giants Philip Morris International and Altria Group report first-quarter earnings. Smokeless products account for nearly 40% of Philip Morris' revenue. Altria has been more focused on e-cigarettes. Philip Morris has made strides in heated tobacco sticks and oral nicotine pouches. The tobacco giants are betting on smokeless alternatives to replace cigarette sales.
Barron‘s · 7h ago
Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus
NASDAQ · 13h ago
How Is The Market Feeling About Philip Morris Intl?
Philip Morris Intl's short percent of float has risen 9.3% since its last report. The company has 7.33 million shares sold short, which is 0.47% of all regular shares available for trading. Short interest is the number of shares that have been sold short but have not yet been covered.
Benzinga · 14h ago
CORRECTED-Altria tops first quarter sales on higher pricing, robust demand for smokeless alternatives
Altria tops first quarter sales on higher pricing, robust demand for smokeless alternatives. Revenue of excise taxes came in at $4.72 billion in the first quarter, topping analyst expectations. The company has been revamping its portfolio to keep up with consumers switching to alternatives.
Reuters · 16h ago
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys. Global stock indices continued an upward trend in March, with both U.S. Stocks rising by 3%. Nvidia unveiled its groundbreaking Blackwell chip at GTC 2024. The S&P 500 recorded its longest positive monthly streak since 2021.
Seeking Alpha · 16h ago
Philip Morris continues gains for seven straight sessions, stock nears 52-week high
Philip Morris International (PM) shares continue gains for seven straight sessions, stock nears 52-week high of $100.79. The Stamford, Connecticut-based company has gained 9% in the seven sessions. The stock closed 1.4% up at $99.02 on Wednesday and is up 8% over the past month.
Seeking Alpha · 1d ago
See Which Of The Latest 13F Filers Holds Philip Morris International
NASDAQ · 1d ago
BUZZ-Brokerage Stifel raises PT on Philip Morris
Stifel raises PT on Philip Morris after company beats Q1 results. Brokerage raises PT to $115 from $108 on robust demand for heated tobacco sticks and Zyn pouches. Thirteen of 17 brokerages rate stock "buy" or "higher"
Reuters · 1d ago
Ferrari strikes multi-year partnership with HP for Formula One team sponsorship
Ferrari strikes multi-year partnership with HP for Formula One team sponsorship. HP logo will make its debut on Ferrari's Formula One cars ahead of the Miami Grand Prix. Ferrari will use HP technology and services as part of the deal. The world's second-largest PC vendor will be the title sponsor of Ferrari's team.
Reuters · 1d ago
Company News for Apr 24, 2024
NASDAQ · 1d ago
Philip Morris Price Target Raised to $115.00/Share From $108.00 by Stifel
Dow Jones · 1d ago
Stifel Maintains Buy on Philip Morris Intl, Raises Price Target to $115
Benzinga · 1d ago
A fantastic week for Philip Morris International Inc.'s (NYSE:PM) 79% institutional owners, one-year returns continue to impress
Philip Morris International Inc. (NYSE:PM) has a high level of institutional ownership. The top 16 shareholders of the company own 51% of Philip Morris International. The company is owned by institutions with 79% of the stock. This suggests the company is sensitive to the actions of its major shareholders. Philip Morris international has a market cap of US$152b. It's important to look at the diversity of shareholders to see how the company operates.
Simply Wall St · 1d ago
PHILIP MORRIS <PM.N>: STIFEL RAISES TARGET PRICE TO $115 FROM $108
Reuters · 1d ago
Why Philip Morris International Stock Was Climbing Today
Shares of Philip Morris International closed up 3.8% on a strong earnings report. The tobacco giant reported strong results in its first-quarter report. IQOS heated tobacco sticks are driving growth for the company. The company continues to make progress toward making smoke-free products a majority of revenue.
The Motley Fool · 2d ago
BUZZ-U.S. STOCKS ON THE MOVE-Visa, Tesla, US energy sector
Dow Jones Industrial Average was up 0.77% at 38,535.1. Wall Street's main indexes advanced on Tuesday as growth and chip shares gained. Stocks like General Motors and Spotify rose on upbeat earnings updates ahead of quarterly reports from big technology companies. The top three S&P 500 percentage gainers were Globe Life, Danaher.
Reuters · 2d ago
Wall Street Lunch: California Bill Takes Aim At Clear Secure
Seeking Alpha · 2d ago
Consumer Sector Update for 04/23/2024: PEP, JBLU, PM
NASDAQ · 2d ago
Stocks with the least price swings, most attractive option-sale candidates - JPM
Seeking Alpha · 2d ago
Philip Morris (NYSE:PM) Rises on Solid Q1 Results
TipRanks · 2d ago
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About PM
Philip Morris International Inc. is an international tobacco company. The Company's product portfolio primarily consists of cigarettes and smoke-free products, which include heat-not-burn, vapor, and oral nicotine products. The Company’s segments include Europe Region; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); Americas Region; Swedish Match, and Wellness and Healthcare (W&H), which includes the operating of Vectura Fertin Pharma business. The Company's brands include Marlboro, HEETS, IQOS, IQOS ILUMA, TEREA, and ZYN. The Company’s IQOS smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Its smoke-free platform (Platform 1) uses a precisely controlled heating device into which a specially designed and proprietary tobacco unit is inserted and heated to generate an aerosol.