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Philip Morris International Inc. - PM STOCK NEWS

Welcome to our dedicated page for Philip Morris International news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris International stock.

Philip Morris International Inc. (PM) is a leading American multinational tobacco company that has built a global presence with its products being sold in over 180 countries. Known for its flagship product, Marlboro, Philip Morris International is a major player in the tobacco industry, often referred to as part of 'Big Tobacco'.

The company's portfolio is extensive, primarily consisting of traditional cigarettes but also embracing reduced-risk products. These include heat-not-burn devices, vapor products, and oral nicotine products, which are marketed in regions outside the United States. Recent strategic moves highlight their shift towards diversification. In 2022, Philip Morris International acquired Swedish Match, a prominent manufacturer of traditional oral tobacco products and nicotine pouches, boosting their presence in the US and Scandinavian markets.

In a bid to expand beyond nicotine-based products, Philip Morris International acquired Vectura in 2021. Vectura specializes in innovative inhaled drug delivery solutions, marking the company's foray into the healthcare sector.

Financially, Philip Morris International has demonstrated resilience and adaptability, managing to sustain growth through an evolving product lineup and strategic acquisitions. With a strong focus on innovation and a commitment to reducing the harmful effects of tobacco, the company is well-positioned to navigate the challenges of an industry in transition.

Philip Morris International's latest news can be found on their official website, providing current updates on their financial performance, new product launches, partnerships, and other significant developments.

News

Philip Morris International to Host Webcast of 2024 Virtual Annual Meeting of Shareholders

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Philip Morris International Inc. (PMI) will host a live webcast of its 2024 Annual Meeting of Shareholders on May 8, 2024, accessible at www.virtualshareholdermeeting.com/PM2024. The company is actively working towards a smoke-free future, investing in innovative smoke-free products. PMI acquired Swedish Match in 2022, expanding its presence in oral nicotine delivery. The smoke-free business accounted for 37% of PMI's total revenue in 2023.

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Philip Morris International Reports First-Quarter 2024 Results and Updates Full Year Guidance

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Philip Morris International (PM) reports a strong first-quarter performance with significant growth in net revenues and gross profit. The smoke-free business continues to thrive, accounting for 39% of total net revenues. IQOS maintains its position as a leading nicotine brand, showing growth in markets worldwide. ZYN nicotine pouches experience substantial growth in the U.S., with a market share increase to over 74%. Despite challenges in currency volatility, PM remains optimistic about robust growth and value creation, leading to an increase in full-year guidance.
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Philip Morris International to Host Webcast of 2024 First-Quarter Results

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Philip Morris International (PM) will host a webcast to discuss its 2024 first-quarter results, focusing on its smoke-free products and expansion into wellness and healthcare areas.
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Philip Morris International Demonstrates Clear Progress Toward Its Purpose as It Releases 2023 Integrated Report

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Philip Morris International Inc. (PMI) releases its fifth annual Integrated Report, highlighting its progress towards a smoke-free future and sustainability goals. The report showcases PMI's expansion of smoke-free alternatives, social and environmental initiatives, and commitment to an empowered workplace. PMI's sustainability strategy focuses on product and operational impacts, with impressive statistics on smoke-free products, environmental programs, and diversity in management positions.
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Philip Morris International Names New External Affairs Leader

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Philip Morris International appoints Christos Harpantidis as Senior Vice President, External Affairs, aiming to further tobacco harm reduction and smoke-free products globally.
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Unleashing the Power: How the “Fifth Estate” Drives Decision-Makers in Business and Politics

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Philip Morris International (PM) explores the influence of individuals on policymaking in a recent white paper and survey. The research highlights the power of the 'Fifth Estate' in shaping public discourse and challenging traditional authority structures. Americans are increasingly turning to online platforms for information, leading to skepticism of traditional media sources. While social media influences opinions, concerns about misinformation and radical ideologies persist. The survey also reveals a call for authenticity verification and fact-checking by individuals. Support for government intervention in combating misinformation varies among Americans and the global sample.
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Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future

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Philip Morris International Inc. (PMI) celebrates the 10-Year Anniversary of IQOS with the launch of IQOS ILUMA i, the latest addition to its smoke-free products. The company aims for over two-thirds of its revenue to come from smoke-free products by 2030. IQOS has surpassed Marlboro in net revenues, leading to a decline in cigarette sales in many countries. IQOS ILUMA i features advanced technology and offers a clean, seamless, and flexible experience for adult smokers.
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Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.30 Per Share

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Philip Morris International Inc. (PM) declares a quarterly dividend of $1.30 per share, focusing on a smoke-free future and expanding product portfolio beyond tobacco. PMI has invested $12.5 billion in innovative smoke-free products, with smoke-free products contributing 37% to total revenues in 2023.
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Philip Morris International’s U.S. Business Champions Female Economic Growth in Connecticut with Record-Setting $5 Million Investment Through New Partnership with Women’s Business Development Council

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Philip Morris International (PM) announces a $5 million investment in the Women’s Business Development Council to support female empowerment in Connecticut. The partnership aims to remove barriers for women in entrepreneurship, aligning with Gov. Ned Lamont's vision. PMI's commitment to economic equality and empowerment is highlighted through the Women’s Economic Empowerment Initiative (WEEI). The investment will enable WBDC to continue its vital work in supporting female entrepreneurs, with a focus on education, training, and access to capital.
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Philip Morris International Presents at 2024 CAGNY Conference; Reaffirms 2024 Full-Year Forecast for Reported Diluted EPS of $5.90 to $6.02 and Adjusted Diluted EPS of $6.32 to $6.44, Representing Currency-Neutral Growth of 7% to 9%

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Philip Morris International Inc. executives to address investors at 2024 CAGNY Conference, reaffirming 2024 full-year EPS forecast of $5.90 to $6.02. The company highlights progress towards becoming smoke-free by 2030, successful multi-category portfolio, and financial performance.
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FAQ

What is the current stock price of Philip Morris International (PM)?

The current stock price of Philip Morris International (PM) is $129.59 as of January 29, 2025.

What is the market cap of Philip Morris International (PM)?

The market cap of Philip Morris International (PM) is approximately 202.4B.

What is Philip Morris International Inc. known for?

Philip Morris International Inc. is known for its flagship product, Marlboro, and is a leading multinational tobacco company.

In how many countries are Philip Morris International's products sold?

Philip Morris International's products are sold in over 180 countries worldwide.

What are some of the reduced-risk products offered by Philip Morris International?

The company offers heat-not-burn devices, vapor products, and oral nicotine products as part of its reduced-risk portfolio.

What strategic acquisitions has Philip Morris International made recently?

Philip Morris International recently acquired Swedish Match in 2022 and Vectura in 2021 to diversify its product offerings.

What is Swedish Match known for?

Swedish Match is known for manufacturing traditional oral tobacco products and nicotine pouches, primarily in the US and Scandinavia.

What does Vectura specialize in?

Vectura specializes in innovative inhaled drug delivery solutions, marking Philip Morris International's entry into the healthcare sector.

How does Philip Morris International plan to reduce the harmful effects of tobacco?

Philip Morris International focuses on developing and marketing reduced-risk products like heat-not-burn devices and vapor products to reduce the harmful effects of tobacco.

Where can I find the latest news about Philip Morris International?

The latest news about Philip Morris International can be found on their official website and other financial news platforms.

What is the financial condition of Philip Morris International?

Philip Morris International has shown resilience and adaptability, sustaining growth through an evolving product lineup and strategic acquisitions.

Why is Philip Morris International considered part of 'Big Tobacco'?

Philip Morris International is considered part of 'Big Tobacco' due to its significant influence and market presence in the global tobacco industry.
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Philip Morris International Inc.

NYSE:PM

PM Rankings

#54 Ranked by Market Cap
#741 Ranked by Dividends

PM Stock Data

202.38B
1.55B
0.12%
80.49%
0.64%
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