PM

During the company’s first quarter earnings report in April, Philip Morris  announced that it expects year-over-year profit growth in the range of 7%-10%. That forecast is better than what Wall Street had been anticipating. The company’s revised forecast reflects fewer currency-related headwinds, as well as recently implemented cost-control measures. In addition, management expects volume declines to moderate slightly in 2017. We already incorporated these … Read more

We took the opportunity last week to materially reduce our position in Philip Morris. The company reported fourth quarter earnings at the beginning of February and evidently no news was good news–the company reported a fourth quarter that met our expectations on the top and bottom line. However, Philip Morris did report a very strong … Read more

Philip Morris International is an American global cigarette and tobacco company, with products sold in over 200 countries with 15.6% of the international cigarette market outside the United States.  Philip Morris International is the world’s second-largest tobacco company, behind China National Tobacco, and holds almost 29% of the non-U.S./non-China global market. The firm owns seven … Read more