|Bid||106.97 x 1100|
|Ask||107.53 x 800|
|Day's range||105.93 - 108.63|
|52-week range||85.64 - 112.48|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||18.64|
|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.