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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 Joins We Card Retailer Support Program

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Philip Morris International joins The We Card Program to prevent underage access to nicotine products in the US market.
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Philip Morris International Inc. Hosts 2023 Investor Day

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Philip Morris International presents growth phase and ambition for smoke-free products to account for over two-thirds of net revenues by 2030. Provides 2024-2026 growth targets. Revises 2023 full-year reported and adjusted diluted EPS forecasts. Expects ZYN to drive growth. Ambition to be smoke-free company by 2030.
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Philip Morris International Receives Science-Based Targets initiative (SBTi) Validation for its Forest, Land, and Agriculture (FLAG) Emissions Reductions Targets

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PMI's Science Based Targets initiative (SBTi) verified its Forest, Land, and Agriculture (FLAG) emissions reductions targets, making it one of the few companies to achieve this recognition. PMI maintains its science-based target to reach net-zero emissions for scopes 1, 2, and 3 by 2040. PMI has pledged to reduce absolute scope 3 emissions related to forestry, land, and agriculture by 33.3% by 2030 and all other scope 3 emissions by 27.5% within the same timeframe. PMI's net-zero target remains in line with a 1.5-degree scenario. PMI was included in Forbes' Net Zero Leaders ranking, ranking seventh overall and first within its peer group.
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Philip Morris International to Host Webcast of 2023 Investor Day

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Philip Morris International Inc. (PMI) will host a live video webcast of presentations and Q&A at its 2023 Investor Day on September 28, 2023. PMI aims to deliver a smoke-free future and expand its portfolio beyond tobacco and nicotine products. Smoke-free products accounted for approximately 35.4% of PMI’s total Q2 2023 net revenues. PMI's IQOS products have been authorized as Modified Risk Tobacco Products by the FDA. PMI estimates that approximately 19.4 million adults had already switched to IQOS and stopped smoking by June 30, 2023.
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“Too Much Time Has Been Wasted”: PMI CEO Challenges Governments Across the Globe to Embrace Smoke-Free Alternatives to End Cigarettes Faster

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PMI presents hypothetical model showing potential for tenfold reduction in smoking-attributable deaths by switching to smoke-free products. International survey reveals majority believe government should consider alternatives like e-cigarettes. PMI CEO emphasizes positive impact of smoke-free products in Sweden and Japan. Smoke-free products account for 35.4% of PMI's Q2 net revenues.
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Philip Morris International Appoints Finance Leader Victoria Harker to Its Board of Directors

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Philip Morris International appoints Victoria Harker to its Board of Directors, effective January 1, 2024.
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Philip Morris International Inc. Increases Dividend by 2.4% to Annualized Rate of $5.20 Per Share

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Philip Morris International (PM) increases quarterly dividend by 2.4% to $1.30 per share, payable on October 12, 2023.
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Philip Morris International Reports 2023 Second-Quarter and First-Half Results

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Philip Morris International Inc. (PMI) (NYSE: PM) reported strong 2023 second-quarter results, with diluted EPS of $1.01 and adjusted diluted EPS of $1.60, representing currency-neutral growth of 16.9%. Net revenues increased by 10.5% on an organic basis, and the company targets full-year adjusted diluted EPS of $6.13 to $6.22, signifying growth of 8.0% to 9.5%. The company's forecast for adjusted diluted EPS growth, excluding currency, represents an increase compared to its June 6, 2023, forecast of 7% to 9%.
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Philip Morris International to Host Webcast of 2023 Second-Quarter and First-Half Results

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Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast on July 20, 2023, at 9:00 a.m. ET to discuss its 2023 second-quarter and first-half results. The webcast will be hosted by Emmanuel Babeau, Chief Financial Officer, and will include discussion of PMI’s financial results and a Q&A session with the investment community and news media. PMI is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio to include products outside of the tobacco and nicotine sector. PMI's smoke-free products were available for sale in 78 markets as of March 31, 2023, and accounted for approximately 35% of PMI’s total 2023 first-quarter net revenues.
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New Study by KPMG Reveals Alarming Levels of Illicit Cigarettes in the EU, with France Accounting for Almost Half of the Consumption

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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 $130.32 as of January 30, 2025.

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

The market cap of Philip Morris International (PM) is approximately 202.5B.

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

202.55B
1.55B
0.12%
80.49%
0.64%
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