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The Latest Breaking News from Philip Morris

Marlboro Maker Philip Morris Clocks 2.1% Revenue Growth In Q1

Philip Morris International Inc (NYSE:PM) reported first-quarter FY22 sales growth of 2.1% year-on-year to $7.75 billion, beating the consensus of $7.43 billion. Cigarette and heated tobacco unit shipment volume rose by 3.5% Y/Y, with 8.3% growth in the Middle East & Africa. Marlboro cigarette shipment volume increased 6.7%, mainly driven by PMI Duty-Free, the Philippines,…

Special Report: Sanctioned weapons mogul who supplied Russia’s troops has ties to Philip Morris

Special Report: Sanctioned weapons mogul who supplied Russia’s troops has ties to Philip Morris

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

6 S&P 500 Dividend Stocks To Buy With 4% Yields: AT&T, IBM And More

6 S&P 500 Dividend Stocks To Buy With 4% Yields: AT&T, IBM And More

When the stock market is volatile and unpredictable, one of the few things investors can rely on is a quarterly dividend from a high-quality stock.

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Philip Morris, British American Tobacco At Loggerheads As Industry Evolves

Philip Morris International Inc (NYSE:PM) and British American Tobacco PLC (NYSE:BTI) migrated from simple cigarettes to high-tech, rechargeable gadgets as heated tobacco, vapes, and nicotine pouches gained traction, Bloomberg reports. Tobacco companies that once competed for the best marketing executives are now chasing the top patent lawyers to win disputes following an explosion of…

Philip Morris Intends To Exit Russian Market

Philip Morris International Inc (NYSE:PM) has listed the steps taken to suspend planned investments and scale down its manufacturing operations in Russia. The company also works on options to exit the Russian market in an orderly manner. The tobacco giant has discontinued its cigarette products offered in the market and reduced its manufacturing activities.…

Read Why Goldman Sachs Downgraded This Cigarette Maker

Goldman Sachs analyst Bonnie Herzog downgraded Philip Morris International Inc (NYSE:PM) to Neutral from Buy with a price target of $100, down from $116, implying a 6.22% upside. The analyst thinks that given the risk in the situation of Russia and Ukraine, the management will be forced to lower the FY22 outlook as Philip Morris…

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