The Latest Breaking News from Philip Morris International Inc

Philip Morris International Inc (NYSE:PM) offers to acquire Swedish Match AB (OTC:SWMAF) for SEK161.2 billion (~$16 billion). Swedish Match's board recommends shareholders accept the offer. Investors in the Stockholm-based company will receive SEK106 in cash for each share held.  The offer price represents a 39.4% premium to the company’s share price of SEK76.06 on…

Philip Morris International Inc's (NYSE:PM) short percent of float has fallen 3.33% since its last report. The company recently reported that it has 8.96 million shares sold short, which is 0.58% of all regular shares that are available for trading.

Philip Morris International Inc (NYSE:PM) reported first-quarter FY22 sales growth of 2.1% year-on-year to $7.75 billion, beating the consensus of $7.43 billion. Cigarette and heated tobacco unit shipment volume rose by 3.5% Y/Y, with 8.3% growth in the Middle East & Africa. Marlboro cigarette shipment volume increased 6.7%, mainly driven by PMI Duty-Free, the Philippines,…

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

Philip Morris International Inc's (NYSE:PM) short percent of float has fallen 15.49% since its last report. The company recently reported that it has 9.27 million shares sold short, which is 0.6% of all regular shares that are available for trading.

Philip Morris International Inc (NYSE:PM) and British American Tobacco PLC (NYSE:BTI) migrated from simple cigarettes to high-tech, rechargeable gadgets as heated tobacco, vapes, and nicotine pouches gained traction, Bloomberg reports. Tobacco companies that once competed for the best marketing executives are now chasing the top patent lawyers to win disputes following an explosion of…

Philip Morris International Inc (NYSE:PM) has listed the steps taken to suspend planned investments and scale down its manufacturing operations in Russia. The company also works on options to exit the Russian market in an orderly manner. The tobacco giant has discontinued its cigarette products offered in the market and reduced its manufacturing activities.…

Goldman Sachs analyst Bonnie Herzog downgraded Philip Morris International Inc (NYSE:PM) to Neutral from Buy with a price target of $100, down from $116, implying a 6.22% upside. The analyst thinks that given the risk in the situation of Russia and Ukraine, the management will be forced to lower the FY22 outlook as Philip Morris…

Philip Morris International Inc's (NYSE:PM) short percent of float has risen 26.79% since its last report. The company recently reported that it has 11.02 million shares sold short, which is 0.71% of all regular shares that are available for trading.

Cigarette maker Philip Morris International Inc (NYSE:PM) is the latest joiner in the list of multinationals stepping back from Russia. Nestle SA (OTC:NSRGY) and Imperial Brands PLC (OTC:IMBBY) have also joined the list of companies giving in to pressure from consumers to take a stand against the war in Ukraine, Reuters reported. Consumer goods giants including Proctor & Gamble…

Philip Morris International Inc's (NYSE:PM) short percent of float has fallen 11.11% since its last report. The company recently reported that it has 8.61 million shares sold short, which is 0.56% of all regular shares that are available for trading.