Previous close | 100.50 |
Open | 100.68 |
Bid | 106.86 x 1100 |
Ask | 106.87 x 800 |
Day's range | 105.93 - 108.63 |
52-week range | 85.64 - 112.48 |
Volume | |
Avg. volume | 6,250,909 |
Market cap | 166.612B |
Beta (5Y monthly) | 0.79 |
PE ratio (TTM) | 18.64 |
EPS (TTM) | 5.74 |
Earnings date | 18 Apr 2022 - 22 Apr 2022 |
Forward dividend & yield | 5.00 (4.79%) |
Ex-dividend date | 23 Mar 2022 |
1y target est | 109.12 |
Philip Morris (PM) closed at $108.57 in the latest trading session, marking a +1.83% move from the prior day.
Tobacco giant Philip Morris International (NYSE: PM) is making a splash with a blockbuster deal earlier this month to acquire Swedish Match (OTC: SWMAF) for $16 billion in an all-cash arrangement. Swedish Match is a fellow nicotine-products company, most famous for its Zyn nicotine pouches, a smokeless nicotine product. Philip Morris has a market cap of $160 billion, so this deal is pretty significant and could have some short- and long-term ramifications for shareholders.
LONDON (Reuters) -Swedish Match shareholder abrdn said on Monday it was not clear whether the long-term value of the company was reflected in the Philip Morris offer price for the Swedish company. The Marlboro maker agreed this month to buy Swedish Match in a $16 billion bet on the growing market for cigarette alternatives. Swedish Match has recommended shareholders accept the offer, although investors are divided.