Philip Morris International main cigarette business is slowly dying, but the tobacco giant isn’t going gently into the night. The company just announced two deals that will keep it healthy in the year...
Tag: PM
Philip Morris Declares Victory in Bid for Swedish Match
Philip Morris International is pushing ahead with its takeover of smaller tobacco rival Swedish Match despite falling short of winning over shareholders with around 90% of the target’s stock. On Monda...
A Strong Dollar Spells Trouble for Some U.S. Companies
The dollar has soared as the Federal Reserve has raised rates. U.S. Treasury yields now provide the best return over expected inflation in more than a decade, incentivizing investors to buy dollars to...
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own strategies. In a reg...
5 Dividend Stocks to Beat Inflation and Rising Interest Rates
Dividend stocks are facing stiffer competition, thanks to a big spike in bond yields. A risk-free 10-Year Treasury note was recently yielding 3.7%, up from 1.63% at the start of 2021. That’s well abov...
Philip Morris raises dividend to boost implied yield to 5.4%
Shares of Philip Morris International Inc. PM, -0.34% tacked on 0.9% in premarket trading Wednesday, after the cigarette and heated-tobacco products company raised its quarterly dividend by 1.6%, to $...
June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week
Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic release...
Altria stock dives to lead the S&P 500 decliners after Morgan Stanley turns bearish
Shares of Altria Group Inc. MO, -8.37% dove 7.1% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, -1.08% decliners, after Morgan Stanley analyst Pamela Kaufman turned bearis...
Altria Stock Gets Downgraded by Morgan Stanley. Gas Prices Are Partly to Blame.
Text size Analyst Pamela Kaufman lowered her price target to $50 from $54. Illustration by Joel Arbaje Altria Group stock fell Wednesday after Morgan Stanley warned of increasing headwinds to the ciga...
Walmart Is Removing Cigarettes in Some Stores. Philip Morris and Altria Stock Fall.
Text size Bruce Bennett/Getty Images Shares of cigarette makers fell Monday as Walmart plans to end cigarette sales in some U.S. stores, The Wall Street Journal reported, citing people familiar with t...
Why Altria’s Stock Could Be a Buy and Philip Morris Isn’t
Text size Analyst Bonnie Herzog raised her rating on Altria to Buy from Neutral and her price target to $57 from $48 Fabrice Coffrini/AFP via Getty Images Altria Group has been the standout in Big Tob...
Altria Stock Is a Buy and Philip Morris Isn’t, Says Goldman Sachs
Text size Analyst Bonnie Herzog raised her rating on Altria to Buy from Neutral and her price target to $57 from $48 Fabrice Coffrini/AFP via Getty Images Altria Group has been the standout in Big Tob...
Yale professor is keeping tabs on companies still operating in Russia despite Ukraine invasion — and the list includes some household names
A Yale professor and his research team are keeping tabs on companies that are still operating in Russia in the wake of its invasion of neighboring Ukraine — and the list includes many household names....
4 Stocks That Could Thrive During Inflation
Text size Caterpillar is lucky to have customers flush with cash from rising commodity prices. Justin Sullivan/Getty Images Inflation is hot—and that’s cooling off plenty of companies’ earnings. But n...
Philip Morris beats profit and revenue expectations and gives upbeat outlook, but stock slips
Shares of Philip Morris International Inc. PM, +0.24% slipped 0.1% in premarket trading Thursday, ever after the cigarette seller beat profit and revenue expectations and provided an upbeat full-year ...
22 dividend stocks screened for quality and safety
Now that the S&P 500 has hit a new closing low for 2022, it is a good time to rerun a screen of low-volatility dividend stocks that may perform relatively better. An initial screen of the S&P ...