US7181721090 - Common Stock
91.31 +0.19 (+0.21%)
After market: 91.3 -0.01 (-0.01%)
PHILIP MORRIS INTERNATIONAL
NYSE:PM (12/8/2023, 7:10:41 PM)After market: 91.3 -0.01 (-0.01%)
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Philip Morris International, Inc. is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. The company is headquartered in Stamford, Connecticut and currently employs 79,800 full-time employees. The company went IPO on 2008-03-17. PMI delivers a smoke-free future and is evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. PMI's product portfolio primarily consists of cigarettes and smoke-free products. PMI develops smoke-free products for adults who would otherwise continue to smoke. This includes the building of scientific assessment capabilities in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. PMI, through Swedish Match AB, creates a smoke-free champion led by its IQOS and ZYN brands. The United States Food and Drug Administration has authorized versions of PMI’s IQOS Platform 1 devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products. PMI's smoke-free products are available for sale in 78 markets and purchased by approximately 18.5 million adults around the world.
PHILIP MORRIS INTERNATIONAL
677 Washington Blvd, Ste. 1100
Stamford CONNECTICUT 10017
CEO: Andre Calantzopoulos
The Zacks Tobacco industry companies are gaining on pricing power and smoke-free product strength amid soft cigarette volumes and cost inflation. Philip Morris (PM), Altria Group (MO) and British American Tobacco (BTI) look well-placed.
As cannabis becomes legalized in more regions of the world, it's high time that you check out the best cannbis stocks to buy in December.
Philip Morris (PM) declares $1.30/share quarterly dividend, in line with previous.
British American Tobacco's admission that its U.S. cigarette brands will be worthless within decades has ramped up pressure on the company to prove it can better compete in alternatives like vapes. Earlier on Wednesday, BAT put a 30-year lifetime on some U.S. tobacco brands' value, taking a $31.5 billion noncash impairment. The move marked the first time a tobacco company has acknowledged that hugely profitable brands have no economic future.
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