Philip Morris International Inc.NYSE
Yesterday, 11:46 AM
- November monthly performance was: +2.44%
- 52-week performance vs. the S&P 500 is: +6%
- $0.18 in dividends were paid in November
- Top 10 Holdings as of 10/31/2016: Exxon Mobil Corp (XOM): 5.06236%, AT&T Inc (T): 5.00966%, Verizon Communications Inc (VZ): 3.95123%, Chevron Corp (CVX): 3.90836%, General Electric Co (GE): 3.34327%, Procter & Gamble Co (PG): 3.22338%, Wal-Mart Stores Inc (WMT): 2.96781%, Philip Morris International Inc (PM): 2.82773%, Pfizer Inc (PFE): 2.73807%, Merck & Co Inc (MRK): 2.31749%
Wed, Nov. 30, 12:55 PM
- The $3B investment by Philip Morris (PM -1.7%) in IQOS tobacco products is aimed at planning for a post-cigarettes future if the company's top exec can be taken at face value.
- Philip Morris CEO Andre Calantzopoulos: "There will come a moment in time where I would say we have sufficient adoption of these alternative products…and sufficient awareness to start envisaging together with government a phaseout period for cigarettes, and I hope this time will come soon."
- Some industry rivals have grumbled that the science isn't there yet to prove the safety claims made by Philip Morris on its new heat-not-burn e-cig innovation.
- IQOS products have sold well this year, despite some supply shortages.
- Previously: Philip Morris looks towards phasing out cigarettes (Nov. 30)
Wed, Nov. 30, 3:25 AM
- Philip Morris (NYSE:PM) could eventually stop selling conventional cigarettes, CEO Andre Calantzopoulos told the BBC, as it launched its alternative product IQOS in the U.K. market.
- The smokeless cigarette heats tobacco without burning it, which the company believes makes it much less harmful than traditional smokes.
- E-cigarettes, which use an electronic system to deliver nicotine via water vapor, are a different alternative.
Thu, Nov. 24, 3:05 AM
- Its official, China expects to issue a nationwide regulation banning smoking in public places before the end of the year.
- The legislation, which will prohibit smoking in all indoor venues, workplaces and public transport, was introduced by the National Health and Family Planning Commission.
- China has more than 300M smokers and is the world's largest producer and consumer of tobacco products, according to the World Health Organization.
- Tobacco stocks: LO, PM, MO, VGR, RAI, BTI, OTCPK:BTAFF, OTC:BATMF, OTCPK:JAPAF, OTCPK:JAPAY
Wed, Nov. 9, 2:35 PM
- Philip Morris International (PM -3.6%), Altria Group (MO -3%) and Reynolds American (RAI -1.6%) trade lower after California approves a state cigarette tax hike up to $2.87 per pack.
- Wells Fargo warns that higher pricing will led to another drop in cigarette volume next year with California accounting for 8% of U.S. volume.
- Tobacco tax initiatives in Colorado, Missouri and North Dakota were defeated.
Wed, Nov. 9, 2:22 AM
- California voters have agreed to significantly raise the tax on cigarettes and vaping devices, but similar measures fell short in Colorado, North Dakota and Missouri.
- California's Proposition 56 will increase taxes on a pack of cigarette from 87 cents to $2.87, bringing it more in line with other states. The measure also sets a tax on e-cigarettes.
- Related tickers: MO, BTI, LO, PM, VGR, RAI, OTCQB:ECIG, OTCPK:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII, OTCPK:JAPAY
Thu, Nov. 3, 10:37 AM
- October monthly performance was: -2.87%
- 52-week performance vs. the S&P 500 is: +5%
- $0.18 in dividends were paid in October
- Top 10 Holdings as of 9/30/2016: AT&T Inc (T): 5.35027%, Exxon Mobil Corp (XOM): 5.13076%, Verizon Communications Inc (VZ): 4.13129%, Chevron Corp (CVX): 3.71538%, General Electric Co (GE): 3.29251%, Procter & Gamble Co (PG): 3.2247%, Wal-Mart Stores Inc (WMT): 2.95756%, Pfizer Inc (PFE): 2.82962%, Philip Morris International Inc (PM): 2.75804%, Kinder Morgan Inc P (KMI): 2.44856%
Fri, Oct. 21, 10:38 AM
- A proposed bid from British American Tobacco bid for Reynolds American has the tobacco sector on the move. A combination of the two would create the largest tobacco company in the world.
- It was only two years ago that Reynolds and Lorillard merged in a dramatic development.
- Gainers today include Altria Group (MO +3.7%), Vector Group (VGR +2.3%), and Turning Point Brands (TPB +1.6%), Imperial Brands (OTCQX:IMBBY +1.7%), and Philip Morris International (PM +1.7%),
- Previously: BAT bids $47B to take Reynolds American ownership to 100% (Oct. 21)
- Previously: Reynolds American confirms British Tobacco offer, shares +20% (Oct. 21)
Wed, Oct. 19, 2:16 PM
- Reynolds American (NYSE:RAI) is down 2.84% after missing Q3 estimates.
- During the company's earnings call, management lowered guidance for 2016 industry cigarette volume to -2.5%, from -2.0% prior. They also updated on the new $2.0B repurchase program, saying $75M of the allowance was tapped during the quarter.
- Notable decliners off the weak sector read include Altria Group (MO -1.3%), Philip Morris (PM -0.6%), and Japan Tobacco (OTCPK:JAPAY -0.9%).
- Reynolds earnings call transcript
- Previously: Reynolds American names Crew as new CEO; Cameron to become chairman (Oct. 19)
Tue, Oct. 18, 7:34 AM
- Philip Morris (NYSE:PM) reports cigarette volume fell 5.4% to 207.1B units in Q3.
- Volume was 0.4% higher in the European Union, but fell in EEMA, Asia and the Latin America/Canada segments.
- Volume was down across all brands, led by a 14% decline for Chesterfield.
- Despite the tail-off in volume, the company reports a 3% increase in EPS for the quarter after backing out currency swings.
- The company backs prior guidance for 2016 EPS of $4.53 to $4.58.
- Previously: Philip Morris beats by $0.01, misses on revenue (Oct. 18)
- PM +1.14% premarket to $96.60.
Tue, Oct. 18, 7:01 AM
Mon, Oct. 17, 5:30 PM
Mon, Oct. 3, 10:47 AM
- September monthly performance was: +0.2%
- 52-week performance vs. the S&P 500 is: +7%
- $0.21 in dividends were paid in September
- Top 10 Holdings as of 8/31/2016: AT&T Inc (T): 5.38068%, Exxon Mobil Corp (XOM): 5.11766%, Verizon Communications Inc (VZ): 4.15514%, Chevron Corp (CVX): 3.62745%, General Electric Co (GE): 3.46929%, Procter & Gamble Co (PG): 3.13406%, Wal-Mart Stores Inc (WMT): 2.92688%, Pfizer Inc (PFE): 2.90452%, Philip Morris International Inc (PM): 2.83223%, Merck & Co Inc (MRK): 2.39541%
Thu, Sep. 29, 7:54 AM
- Philip Morris (NYSE:PM) boosts guidance at its Analyst Day Event.
- The tobacco company now sees full-year EPS of $4.53-$4.58 vs $4.45-$4.55 prior and $4.49 consensus.
- Philip Morris Investor Day webcast and presentation slides
- PM +0.34% premarket to $99.75.
Thu, Sep. 22, 7:46 AM
- Wells Fargo recommends that investors snap up Philip Morris International (NYSE:PM) ahead of the company's Investor Day.
- The investment firm thinks it's likely that a guidance hike from Philip Morris could be disclosed at the event.
- Wells has Philip Morris rated at Outperform with a price target range of $114 to $116.
- Philip Morris Investor Day information
Fri, Sep. 16, 3:23 AM
- A month after assuming regulatory oversight over e-cigarettes, the FDA has cracked down on online sales by the industry, issuing 24 letters to websites for illegal sales to minors.
- The agency hasn't moved to ban online purchases, as many in the industry expected, but the letters show it's closely monitoring those outlets.
- Websites and stores will have 15 days to reply and explain how they plan to prevent future underage sales.
- Related tickers: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, RAI, OTC:AHII