Philip Morris International (PM)
Consumer Staples7 articles
Price chart
Why is PM moving today?
-2.8%PM is -2.8% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 12 hours ago
Philip Morris International (PM) overview
Philip Morris International is a leading tobacco company selling Marlboro outside the U.S. and smoke-free products such as IQOS.
PM is a member of the S&P 500. It sits in the Consumer Staples sector. That sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Philip Morris International trades on the NYSE under the ticker symbol PM. The most recent market data puts the share price at about $199.90. That is down 2.76% on the session. At that price the company is worth roughly $311.57B.
Over the past 52 weeks, PM has traded between $142.11 and $210.45. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 28.7. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. PM also pays a dividend. It yields around 3.20% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 12 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch PM
PM is one of the larger names in the Consumer Staples sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each PM story as it breaks, and tags it bullish, bearish or neutral.
Size matters here as well. The S&P 500 is weighted by market value. PM is large enough that its own share price nudges the whole index. So it is worth watching even for investors who only hold index funds.
What moves PM
- Earnings. PM reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from PM.
- Sector news. Consumer Staples stocks often move together, so a rival's news can move PM too.
- Index weight. PM is big enough to move the S&P 500 on its own.
Market Mood
Latest PM news
Philip Morris (PM) Expands Zyn Nicotine Pouch Lineup
Philip Morris (PM) has expanded its Zyn nicotine pouch lineup, introducing more pouches per can. This operational change reflects the company's strategy to adapt within the growing tobacco alternative market. By increasing the quantity of pouches in each package, Philip Morris aims to enhance customer value and potentially boost sales. This move is important for investors as it signals the company's commitment to growth and innovation in the nicotine product segment.
Read More: Philip Morris (PM) Expands Zyn Nicotine Pouch Lineup
Parabilis Medicines Form 4 Filing on July 22
Parabilis Medicines filed a Form 4 on July 22. This document typically details changes in the ownership of company stock by insiders, such as executives or major shareholders. The filing is important as it provides transparency about insider trading activities, which can influence investor sentiment. For ordinary investors, understanding insider trades can help inform investment decisions regarding a company's future performance.
Read More: Parabilis Medicines Form 4 Filing on July 22
Philip Morris (PM) Gains FDA Approval for Zyn Marketing
The FDA has authorized Philip Morris International (PM) to promote Zyn as a reduced-risk product compared to traditional cigarettes. This approval could impact consumer behavior and market dynamics in the tobacco sector. Philip Morris aims to transition smokers to potentially less harmful alternatives, aligning with public health goals. Market analysts may view this development as a strategic advantage for PM in the evolving tobacco landscape.
Read More: Philip Morris (PM) Gains FDA Approval for Zyn Marketing
FDA Approves Zyn Nicotine Pouches Sales as Less Harmful for Philip Morris
The FDA authorized 20 Zyn nicotine pouch products owned by Philip Morris (PM) to be marketed with claims of being less harmful than traditional cigarettes. This regulatory approval represents a significant win for PM as it allows the company to promote its products as lowering risks associated with several smoking-related diseases. The FDA's decision does not indicate that Zyn is safe, reiterating that there's no safe tobacco product. This move aligns with a broader trend of declining cigarette sales and increasing investment in smoke-free alternatives by major tobacco companies.
Read More: FDA Approves Zyn Nicotine Pouches Sales as Less Harmful for Philip Morris
Penske Media Acquires Vox Media, Expands Digital Reach and Scale
Penske Media has acquired Vox Media, positioning itself as the largest digital publisher. The acquisition is a strategic move to enhance digital media offerings and leverage Vox's established platforms. Although specific financial details and terms of the deal were not disclosed, this merger is expected to impact the competitive landscape of the media industry. Penned Media's growth strategy appears focused on consolidating market power and expanding operational capabilities in digital publishing without providing trading volumes or ratios.
Read More: Penske Media Acquires Vox Media, Expands Digital Reach and Scale
Japanese Bond Yields Reach Highest Level in 40 Years
Japanese bond yields are currently at their highest level in 40 years. This significant increase is contributing to market nervousness, particularly in response to statements from Prime Minister Takaichi regarding the budget and potential fiscal concerns. The recent yield levels are noteworthy as they may influence investor behavior and sentiment within the broader market. Such developments can impact economic stability and investment strategies moving forward.
Read More: Japanese Bond Yields Reach Highest Level in 40 Years
New York's Office Real Estate Sees Changes Amid $5.4B Deficit
New York City faces challenges with its office real estate market as Mayor Zohran Mamdani navigates a $5.4 billion budget deficit. Reports indicate that Apollo Global Management plans to establish a second headquarters in a lower-cost state, potentially Florida or Texas. This has raised concerns about a corporate exodus influenced by higher taxes and living costs in New York. Firms like JPMorgan and ARK Investment Management have already made moves to expand or relocate offices, reflecting ongoing trends that could impact the city's long-term economic growth.
Read More: New York's Office Real Estate Sees Changes Amid $5.4B DeficitMore Consumer Staples stocks
Frequently asked questions
Is Philip Morris International in the S&P 500?
Yes. Philip Morris International trades as PM and is a member of the S&P 500. The index lists it in the Consumer Staples sector.
What sector is PM in?
PM sits in the Consumer Staples sector of the S&P 500.
Where can I find the latest PM news?
Right here. This page collects recent PM news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Philip Morris International's stock price?
PM last traded at about $199.90. Prices move all through the session, so this is the latest quote rather than a live one.
What is Philip Morris International's market cap?
PM is worth roughly $311.57B. Market cap is the share price times the number of shares outstanding.
What is PM's P/E ratio?
PM trades at a trailing P/E ratio of about 28.7. The ratio compares the share price with earnings per share over the past year.