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NYSE · Tobacco
Philip Morris International
$173.17
-5.23 (-2.93%)
PM News17 articles
Altria Defies Market Selloff Amid FDA Policy Scrutiny
Altria surged 2.25% to $72.19 on Friday, defying a broad market selloff, as investors assessed Senate scrutiny of FDA vape policy and a June 15 dividend cutoff.
Philip Morris Shares Slide 6% in Short Week Amid Zyn, FDA, CEO Webcast Focus
Philip Morris shares dropped 6.14% in a holiday-shortened week, closing at $177.38, as the market awaits CEO Jacek Olczak's webcast and FDA policy changes on nicotine products.
Altria Holds Near Peak as Smokeless Unit Plans Kentucky Move
Altria shares ended Friday at $73.90, near a 52-week high, following its smokeless tobacco unit's plan to move production from Nashville to Kentucky by early 2028.
Altria Bucks Market Selloff as CEO Transition and Dividend Yield Draw Investors
Altria shares climbed 7.3% over the week, closing at $73.09, as the company named a new CEO and declared a $1.06 quarterly dividend, offering a 5.8% yield.
Philip Morris Rallies on FDA Nicotine Pouch Policy Shift, ZYN Ultra Hopes Revived
Philip Morris shares jumped 6.5% on Monday after the FDA eased enforcement threats against nicotine pouches, raising hopes for ZYN Ultra's U.S. launch despite ongoing regulatory uncertainty.
Altria Slips for Fifth Day as Nicotine Pouch Competition Intensifies
Altria shares fell 1.3% to $68.12, extending a five-session losing streak despite a Q1 earnings beat. Rising competition in the nicotine pouch market and declining cigarette volumes weigh on the stock ahead of its May 14 annual meeting.
Altria Shares Surge 7% on Q1 Earnings Beat Amid Price Hikes
Altria shares rose 7% after Q1 earnings beat estimates, driven by price hikes that offset a 2.4% drop in cigarette shipments.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.
Imperial Brands Shares Rebound After Dividend Adjustment, Buyback Activity Continues
Imperial Brands shares rose 0.6% in early Friday trading, recovering from Thursday's ex-dividend decline. The company repurchased 474,606 shares as part of its ongoing £1.45 billion buyback initiative.
BAT Shares Gain on Continued Buyback Activity, Investors Eye Regulatory Decisions
British American Tobacco shares advanced in early London trading following the company's disclosure of further buyback activity, as investors monitor upcoming regulatory decisions and the ex-dividend date.
Philip Morris Hits 52-Week High Despite India IQOS Ban
Philip Morris shares climbed 1.4% to $188.95, setting a new 52-week high. The gain came despite India's health ministry refusing to relax its ban on heated tobacco, blocking the IQOS launch.
Philip Morris Shares Dip Amid Zyn Competition and Debt Filing
Philip Morris International stock declined 1.4% to $180.17 as investors weighed nicotine pouch rivalry and a new debt shelf registration. Several analysts raised price targets following the company's 2026 outlook.
Philip Morris Gains on Strong 2026 Outlook Amid Zyn Growth and Competitive Pressures
Philip Morris shares rose 0.45% to $182.81 after reporting Q4 earnings and issuing 2026 EPS guidance of $8.38-$8.53. Zyn pouch shipments increased over 19% to 196 million cans, though competition remains a key focus.
Philip Morris Lifts 2026 Outlook on Nicotine Pouch Strength, Stock Holds Near $183
Philip Morris International raised its 2026 profit forecast, citing robust nicotine pouch sales. Shares closed at $182.81, up 0.45%, as investors weigh growth against competitive pressures.
Philippine Airlines Appoints Ex-Malaysia Aviation Chief as Independent Director
Philippine Airlines appointed two new independent directors, including ex-Malaysia Aviation Group chief Izham Ismail, as it ramps up long-haul routes with A350-1000 jets.
Grab Announces Philippine Driver Support Amid Cost Pressures
Grab Holdings shares advanced Friday following the launch of a new support package for drivers in the Philippines, a move aimed at mitigating the impact of rising fuel costs. The initiative comes as the company navigates investor concerns over its 2026 financial outlook and elevated incentive spending.
Philips Soars on Upgraded Margin Targets and Dividend Plan
Philips shares surged over 11% after the company projected stronger profitability through 2026, including an adjusted EBITA margin of 12.5%-13.0% and free cash flow up to €1.5 billion.