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The Latest Breaking News from PM

Things To Note As Philip Morris (PM) Lines Up For Q2 Earnings

Philip Morris International Inc. (NYSE: PM) is likely to register a top and bottom-line decline when it reports second-quarter 2022 earnings on Jul 21.

Benzinga

Philip Morris Intl: Dividend Insights

Wednesday marks the last chance for investors to receive the next dividend payout from Philip Morris Intl (NYSE:PM).

Benzinga

Better Buy: Altria Group vs. Philip Morris International

Pandemic-led rise in demand for smoking products and growing health concerns have incentivized tobacco companies to invent low-risk tobacco products, which should drive the industry’s growth. Moreover, being a part of the consumer defensive industry, tobacco manufacturers Altria Group (MO) and Philip Morris (PM) should witness significant investors’ attention amid…

StockNews.com

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Londoner’s Diary: Tom Holland’s dad Dom was offered ‘untold riches’ for TV show

Keeping Up with Spider-Man off the cards / Normal People star still feels ‘normal’ / Pagan parties / The PM’s penchant for a riddle / Peer criticises Kahlo exhibition

Evening Standard

PM-CARES for Children scheme | India became the solution giver for the world during pandemic, says Narendra Modi

The Prime Minister was speaking at an event where he released benefits under the scheme.

The Hindu

Introspect on attitude towards non-BJP States, PM urged

‘Several non-BJP CMs not even welcoming PM on visit to those States’

The Hindu

Philip Morris Offers To Acquire Swedish Match For ~$16B

Philip Morris International Inc (NYSE:PM) offers to acquire Swedish Match AB (OTC:SWMAF) for SEK161.2 billion (~$16 billion). Swedish Match's board recommends shareholders accept the offer. Investors in the Stockholm-based company will receive SEK106 in cash for each share held. The offer price represents a 39.4% premium to the company’s share price of SEK76.06 on…

Benzinga

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Should You Invest in the Tobacco Industry?

Despite many perceiving the tobacco industry as detrimental to society, most tobacco companies are investor favorites due to their extraordinary returns. Apart from their market-beating returns, these stocks are well known for their high dividend yields. Given an inelastic demand for products and high dividend payouts, this defensive industry looks…

StockNews.com

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,…

Benzinga

Philip Morris vs. Altria Group: Which Stock is a Better Buy?

Pandemic-led rise in demand for smoking products and growing concerns about the health effects of tobacco have boosted the use of novel tobacco products, driving the growth of tobacco companies innovating in this space. The expanding customer base should help tobacco manufacturers Philip Morris (PM) and Altria Group (MO) generate…

StockNews.com

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…

Benzinga

First verdicts on PM’s future after Met update filter in from Tory MPs

The force’s confirmation that it believes laws were broken at the heart of Government is likely to reignite the debate over the PM’s leadership.

The Independent UK

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…

Benzinga

4 High-Yield Tobacco Stocks to Add to Your Dividend Portfolio

Stringent FDA regulations imposed on nicotine consumption have hindered the tobacco industry’s growth over the past few years. However, manufacturers have produced various alternatives, like e-cigarettes, vapes, and similar smoking substitutes, which could help the industry grow. So, we think high dividend-yielding tobacco stocks Philip Morris (PM), British American (BTI),…

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Benzinga

Philip Morris Suspends Investment In Russia

Cigarette maker Philip Morris International Inc (NYSE:PM) is the latest joiner in the list of multinationals stepping back from Russia. Nestle SA (OTC:NSRGY) and Imperial Brands PLC (OTC:IMBBY) have also joined the list of companies giving in to pressure from consumers to take a stand against the war in Ukraine, Reuters reported. Consumer goods giants including Proctor & Gamble…

Benzinga

Philip Morris Intl Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Philip Morris Intl (NYSE:PM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

StockNews.com

2 Soaring High-Yield Dividend Stocks to Buy Right Now

Since the beginning of the year, the markets have been highly volatile. However, high-yield dividend stocks Philip Morris (PM) and Telefónica (TEF) have stood out amidst the broad-based correction, delivering positive returns so far this year. Let’s discuss.

StockNews.com

2 Buy-Rated Dividend Stocks Trading Near 52-Week Highs: SpartanNash and Phillip Morris

The stock market is jittery over the Russia-Ukraine conflict. Today the market opened in the red as news of Russian troop deployment in two eastern Ukraine regions rolled in. With stock market volatility predicted to stay, the buy-rated dividend-paying stocks trading near their 52-week highs – Phillip Morris and SpartanNash…

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Benzinga

Hopeful Golden Cross Forms On Philip Morris Intl's Chart

If history is any guide, there may be good fortune ahead for shares of Philip Morris Intl (NYSE:PM). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Benzinga

Cigarette Maker Philip Morris Beats On Q4 Earnings; Provides Positive FY22 Forecast

Philip Morris International Inc (NYSE:PM) reported fourth-quarter FY21 sales growth of 8.9% year-on-year, to $8.10 billion, beating the analyst consensus of $7.76 billion. Cigarette and heated tobacco unit shipment volume increased by 4.2% Y/Y, with 17.6% growth in the Middle East & Africa. Marlboro shipment volume improved 8.9%. Shipment volume for Chesterfield increased 22.7%, mainly…

StockNews.com

3 Buy-Rated Stocks Yielding More than 4%

As the stock market is expected to remain volatile owing to the anticipated interest rate hikes to control inflation, it could be wise to bet on fundamentally strong dividend-yielding stocks AbbVie (ABBV), Philip Morris (PM), and Vector Group (VGR) for securing a steady income stream. These stocks are rated ‘Buy’…

StockNews.com

Even After Their Recent Sell-Off, Stay Away From These 3 Overvalued Electric Vehicle Stocks

The benchmark indexes witnessed a bull run in 2021, with numerous stocks soaring to record high price levels which were not in sync with their fundamentals. Shares of Electric vehicle companies Rivian Automotive (RIVN), Lucid Group (LCID), and NIO (NIO) hit their record highs as EVs have been dubbed as…

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