(Reuters) – Tobacco giant Philip Morris International said on Monday that it would suspend online sales on Swedish Match North America’s ZYN.com nationwide as the Zyn nicotine pouch maker responds to a subpoena from the District of Columbia (D.C.). Philip Morris bought Swedish Match in a $16 billion deal in 2022 as the company looked […]
If you’re a dividend investor, you’ve probably considered buying some tobacco stocks if you don’t already own them. The tobacco sector has long been ripe terrain for income investors. These stocks tend to generate wide profit margins, have recession-proof business models, and require relatively little spending on capital expenditures or research and development, so they […]
When it comes to tobacco stocks, one of the first things that generally draws in investors is their high yields. However, Philip Morris International (NYSE: PM) offers investors an attractive dividend yield and one of the biggest underappreciated growth stories for consumer products. Phillip Morris International just posted another terrific quarter and raised its guidance […]
Despite their reputation as “sin stocks,” tobacco company shares have historically enjoyed rather wide popularity among investors. Many investors like them because of their high margins, robust cash flow, and the high dividends they typically pay. That outsized interest helps explain why more than a few analysts are bullish on the sector. Tobacco industry mainstay […]
The tobacco industry is obviously still around, but there’s no denying it’s on the defensive. The smoking cessation movement has been whittling away at the number of worldwide smokers for decades, and there’s no real growth in store for the traditional cigarette business. And yet, tobacco giant Philip Morris International (NYSE: PM) is still a […]
The man accused of assaulting a Department of Youth Services worker in 2014 is expected to change his plea. Philip Chism, 25, is accused of assaulting the worker while awaiting trial for the rape and murder of his Danvers High School teacher Colleen Ritzer. Chism was 14 years old at the time. According to The […]
(Reuters) – Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches. The Marlboro maker’s flagship heated tobacco device IQOS, expected to launch in the United States in the second quarter, has been a driving force behind its effort […]
Philip Morris International (NYSE: PM) shares have been largely range-bound over the past year, trading between $87 and $102. However, that could soon change, with the company seeing some attractive growth opportunities ahead. Let’s look at why investors should consider buying the stock today. 1. Smokeless opportunities Philip Morris International has long been known for […]
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Tobacco stocks have long been ripe territory for income investors, and after years of consolidation and decline, the industry has been whittled down to three major players: Altria (NYSE: MO) and Philip Morris International (NYSE: PM), which were once part of the same company; and British American Tobacco. BAT deserves consideration from income investors open […]
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