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PM

Philip Morris

$117.05

-0.88 (-0.75%)

09:10
09/13/17
09/13
09:10
09/13/17
09:10

Philip Morris raises quarterly dividend 2.9% to $1.07 per share

The Board of Directors of Philip Morris International increased the company's regular quarterly dividend by 2.9% to an annualized rate of $4.28 per share. The new quarterly dividend of $1.07 per share, up from $1.04 per share, is payable on October 12, to shareholders of record as of September 27. The ex-dividend date is September 26. .

PM Philip Morris
$117.05

-0.88 (-0.75%)

09/06/17
PIPR
09/06/17
NO CHANGE
Target $135
PIPR
Overweight
Piper positive on Philip Morris after iQOS checks in Europe
Piper Jaffray analyst Michael Lavery says his European channel checks show strong momentum on iQOS, Philip Morris' heated tobacco product. Visits to Serbia, Russia, and Poland indicated iQOS has a better than expected presence, Lavery tells investors in a research note. The analyst is more bullish on the company's potential for incremental earnings from iQOS and continues to believe his earnings estimates for Philip Morris are likely to be conservative. Lavery raised his price target for the shares to $135 from $134 and keeps an Overweight rating on the name.
08/30/17
MSCO
08/30/17
NO CHANGE
MSCO
Overweight
British American Tobacco recent weakness appears overdone, says Morgan Stanley
Morgan Stanley analyst Matthew Grainger said he views some degree of weakness in U.S. and European tobacco stocks since "FDA Friday" - when the agency announced plan to pursue reduced nicotine content in cigarettes - as warranted, but he views the impact on British American Tobacco (BTI) as being overstated by the stock's 11% pullback. For Altria Group (MO), which is down 14% since that day, he sees the move as having returned the stock to appropriate valuation levels, he added. Grainger lowered his price target for Altria to $65 from $68, kept his Philip Morris (PM) price target of $120 unchanged and maintains his British American target at GBP60.
07/31/17
WELS
07/31/17
NO CHANGE
WELS
Altria Group still likely to be acquired after FDA news,says Wells Fargo
After the FDA announced a new approach towards nicotine Friday, Wells Fargo expects Altria (MO) to be "a big beneficiary" of the approach, since it will spur much higher purchases of reduced-risk products and smokeless cigarettes, leading to share gains for Altria, according to the firm. Wells believes that the FDA's announcement may increase the value of Altria to "close to $90 per share" from $80 per share previously, and it continues to expect the company to be acquired by Philip Morris (PM). Wells thinks that tobacco stocks could experience an "overhang in the near-term," but it says the news "could be positive" for the sector over the longer term, as it thinks the large tobacco companies will ultimately benefit from the change in consumption trends. British American Tobacco (BTI) is another publicly traded company in the sector.
07/28/17
PIPR
07/28/17
NO CHANGE
Target $134
PIPR
Overweight
Philip Morris selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Michael Lavery views the selloff in shares of Philip Morris on the FDA's comments as a buying opportunity. Philip Morris, with no cigarette sales "whatsoever" in the U.S., is trading off in sympathy with the group, though today's news is likely net positive for the company, Lavery tells investors in a research note after the FDA announced intentions to reduce nicotine levels in cigarettes. He reiterates an Overweight rating on Philip Morris with a $134 price target

TODAY'S FREE FLY STORIES

TGNA

Tegna

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ADBE

Adobe

$156.60

0.83 (0.53%)

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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Technical View: Bed Bath & Beyond tumbles after earnings miss expectations »

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ADBE

Adobe

$156.60

0.83 (0.53%)

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Adobe sees Q4 adjusted EPS of about $1.15, consensus $1.10 »

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VNO

Vornado

$73.37

-1.19 (-1.60%)

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ORIG

Ocean Rig UDW

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AXAR

Axar Acquisition Corp

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Axar Acquisition announces redemption of outstanding shares and dissolution »

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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  • 19

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BBU

Brookfield Business Partners

$31.08

0.08 (0.26%)

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Brookfield

$40.14

0.02 (0.05%)

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Syndicate
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BBU

Brookfield Business Partners

$31.08

0.08 (0.26%)

BAM

Brookfield

$40.14

0.02 (0.05%)

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MXWL

Maxwell

$6.29

-0.24 (-3.68%)

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Syndicate
Maxwell files to sell $50M of convertible senior notes due 2022 »

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IOVA

Iovance Biotherapeutics

$8.55

0.3 (3.64%)

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Syndicate
Iovance Biotherapeutics files to sell $50M of common stock »

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  • 25

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FB

Facebook

$172.52

2.51 (1.48%)

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Periodicals
Facebook public hearing will happen according to Senator Burr, Bloomberg says »

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  • 22

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ELS

Equity Lifestyle

$87.87

-0.23 (-0.26%)

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  • 17

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

    Sep

MXWL

Maxwell

$6.29

-0.24 (-3.68%)

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Maxwell enters into Amended and Restated Agreement with Viex »

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MRCY

Mercury Systems

$48.29

0.84 (1.77%)

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HF

HFF Inc.

$37.12

0.12 (0.32%)

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HFF Inc. announces sale of office in Raleigh-Durham, NC for $105.5M »

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Options
Preliminary option volume of 13.8M today »

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RYAM

Rayonier Advanced Materials

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ALOG

Analogic

$75.95

-1.35 (-1.75%)

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Analogic sees FY18 EPS $2.70 to $2.90, two estimates consensus $2.80 »

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  • 19

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AMZN

Amazon.com

$969.86

-4.33 (-0.44%)

, TMUS

T-Mobile

$65.42

3.62 (5.86%)

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General news
On The Fly: Top stock stories for Tuesday »

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AMZN

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TMUS

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S

Sprint

$8.20

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VZ

Verizon

$49.34

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SFTBF

SoftBank

$82.75

4.45 (5.68%)

DTEGY

Deutsche Telekom

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BOBE

Bob Evans

$77.41

4.48 (6.14%)

POST

Post Holdings

$86.36

0.52 (0.61%)

RAD

Rite Aid

$2.40

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WBA

Walgreens Boots Alliance

$81.21

-1.39 (-1.68%)

KSS

Kohl's

$45.38

0.49 (1.09%)

AZO

AutoZone

$535.19

-28.21 (-5.01%)

SNCR

Synchronoss

$9.82

-6.93 (-41.37%)

REV

Revlon

$17.05

1.05 (6.56%)

BBY

Best Buy

$52.76

-4.59 (-8.00%)

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FDX

FedEx

$216.00

0.92 (0.43%)

16:26
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Earnings
FedEx sees FY18 ex-items EPS $12.00-$12.80, consensus $13.38 »

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  • 19

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CSTM

Constellium

$10.00

0.4 (4.17%)

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  • 19

    Sep

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GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

16:25
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Conference/Events
Gemphire Therapeutics to hold a conference call »

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  • 19

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SERV

ServiceMaster

$47.06

0.1 (0.21%)

16:23
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Initiation
ServiceMaster initiated  »

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