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Philip Morris International Inc. (PM)

  • Aug. 8, 2014, 1:35 PM
  • Aug. 6, 2014, 10:00 AM
    • Tobacco stocks are higher today in what analysts are calling a defensive move by investors.
    • There's also been some stronger pricing trends on the lower-end of the cigarette market that has helped to boost the outlook on the group.
    • Gainers: Philip Morris (PM +2.2%), Reynolds American (RAI +1.6%), Vector Group (VGR +1.4%), and Altrai (MO +1.9%).
  • Jul. 17, 2014, 7:41 AM
    • Philip Morris (NYSE:PM) sees full-year EPS of $4.87-$4.97, a level which stands below the consensus estimate of analysts.
    • The company warns it will face difficult comparisons in 2H and could see heavy price discounting in Australia impact profit.
    • PM +0.9% premarket
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  • Jul. 17, 2014, 7:08 AM
    • Philip Morris (NYSE:PM) reports cigarette shipment volume fell 2.7% to 222.8B units in Q2.
    • Revenue grew 8.5% Y/Y to $2.393B in the EU region, while falling 14.2% to $2.311B in Asia.
    • Unfavorable currency swings lopped off $0.15 from EPS.
  • Jul. 17, 2014, 7:02 AM
    • Philip Morris (NYSE:PM): Q2 EPS of $1.41 beats by $0.17.
    • Revenue of $7.8B (-1.5% Y/Y) beats by $280M.
    • Press Release
  • Jul. 16, 2014, 5:30 PM
  • Jul. 15, 2014, 10:53 AM
    • Tobacco stocks slump as a group after Lorillard doesn't catch the premium in the Reynolds American buyout that some anticipated.
    • Even Imperial Tobacco which ended up with the hot Blu e-cigarette brand as part of the deal is having trouble shaking off the pessimism.
    • Decliners: Lorillard (NYSE:LO) -7.9%, Philip Morris (NYSE:PM) -1.3%, Altria (NYSE:MO) -2.1%, Vector Group (NYSE:VGR) -0.8%, Reynolds American (NYSE:RAI) -4.0%, Imperial Tobacco (OTCMKTS:ITYBY) -2.8%, British American Tobacco (NYSEMKT:BTI) -1.4%.
  • Jun. 26, 2014, 9:37 AM
    • After cutting its earnings forecast this morning, Philp Morris (PM -2.9%) has announced a new e-cigarette acquisition. The company has purchased Nicocigs, in attempt to stay ahead of the game in the fast growing e-cig market. Nicocigs is Britain's largest electronic cigarette maker, and dominates over 27% of the U.K. market.
    • Philip Morris already has a licensing and distribution agreement with Altria (MO -0.8%), but the Nicocig purchase marks the company's first actual e-cigarette product.
  • Jun. 26, 2014, 4:20 AM
    • Philip Morris (PM) reports a drop to its 2014 forecast, cutting earnings to $4.87-$4.97 per share, from the $5.09-$5.19 per share it previously expected. The company still estimates adjusted profit in 2014 to rise 6-8%.
    • "We continue to face significant currency headwinds, an improving but weak macro-economic environment in the European Union and known challenges in Asia," says CEO Andre Calantzopoulos.
    • PM -0.1% AH
  • Jun. 24, 2014, 3:51 AM
    • The $96B tobacco bond market is continuing its decline, as most Americans have quit smoking at a faster rate than estimated when most of the bonds were sold in previous decades. Health risks, public smoking bans, e-cigs and new excise taxes have all been factors in the decrease.
    • A forecast last month from Moody's Investors Service estimates 65-80% of tobacco bonds are headed toward default, and many analysts predict the default to occur by the end of the decade.
    • Cigarette consumption fell an annual average of 3.4% since 2000, while many bonds were set up to only withstand drops of 2-3%. E-cigarettes have also diminished market share, with sales growing by more than $2.2B in the last four years.
    • Related tickers: (MO) (BTI) (LO) (PM) (ECIG) (VAPE) (HPNN) (MCIG) (NTRR) (VAPR) (VPCO) (RAI) (AHII)
  • Jun. 18, 2014, 7:00 AM
    • The tobacco industry continues to challenge the necessity of new European Union rules which require governments to impose supply chain tracking on manufacturers.
    • The group thinks its current track and trace system can be adapted, instead of adopting costly third-party solutions.
    • One goal of an industry-wide tracking system is to cut down on the illegal trade of cigarettes.
    • Related stocks: RAI, LO, MO, PM, BTI, ITYBY, ITYBF
  • Jun. 11, 2014, 7:13 AM
    • Philip Morris International Inc. (PM) declares $0.94/share quarterly dividend, in line with previous.
    • Forward yield 4.25%
    • Payable July 11; for shareholders of record June 26; ex-div June 24.
  • Jun. 11, 2014, 2:51 AM
    • Seven U.S. senators have urged the Department of Transportation to finally ban the use of electronic cigarettes on domestic flights and those to or from the United States. The ban for "vaping" on U.S. flights was proposed in September 2011.
    • Although many airlines have prohibited the use of e-cigarettes, federal law still allows them to be used during flights.
    • Related tickers: (MO) (BTI) (LO) (PM) (ECIG) (VAPE) (HPNN) (MCIG) (NTRR) (VAPR) (VPCO) (RAI) (AHII)
  • May 20, 2014, 9:01 AM
    • British researchers find that e-cig users have a 60% higher success rate in quitting than those who use smoking cessation products like patches or gum or willpower alone. In a five-year study of almost 6,000 smokers, almost 20% of those who switched to e-cigs stopped smoking conventional fags. Only ~10% of those using patches or gum managed to quit. Slightly more than 15% quit using their willpower.
    • The long-term effects of vaping are unknown at present but they appear to be less bad than tobacco.
    • Related tickers: (MO) (BTI) (LO) (PM) (ECIG) (VAPE) (HPNN) (MCIG) (MWIP) (NTRR) (VAPR) (VPCO)
  • May 16, 2014, 2:06 PM
    • The Minnesota Legislature passes a bill restricting the use and sale of electronic cigarettes. It now heads to Governor Mark Dayton's desk for his signature.
    • The bill requires child-proof packaging for all e-cig liquids, prohibits their use in schools, prohibits their sale from mall kiosks and requires them to be kept behind the counter in stores. The law allows local governments to pass more stringent restrictions and ensures penalties for those who sell e-cigs to minors.
    • E-cig use is also banned in hospitals, healthcare clinics, doctors' offices, most government buildings, all facilities owned by the University of MN or MN State Colleges and Universities, including dorm rooms and licensed daycare facilities, including home daycare during operating hours.
    • The bill is a watered down version of an earlier bill that would have treated e-cigs the same way as conventional cigarettes.
    • Related tickers: (MO) (BTI) (LO) (PM) (ECIG) (VAPE) (HPNN) (MCIG) (MWIP) (NTRR)
  • Apr. 30, 2014, 10:20 AM
    • A group of politicians in the state of New York plan to propose a bill which would ban electronic cigarettes in public spaces.
    • A local ban in New York City started earlier this week.
    • Related stocks: MO, BTI, LO, PM, ECIG, VGR, XXII
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Company Description
Philip Morris International Inc is a holding company. The Company through its subsidiaries manufactures and sells cigarettes and other tobacco products in markets outside the United States of America.
Industry: Cigarettes
Country: United States