PumpMeme (PM) news

US Stock Movement: Philip Morris surged on October 8 with a dividend increase and growth in smoke-free business

BUZZ - Tobacco and alcohol stocks lead gains in the consumer staples sector

On October 8, Thursday, Philip Morris International (PM.N) became the top gainer in the S&P 500 Consumer Staples sector (.SPLRCS), followed by alcoholic beverage company Constellation Brands (STZ.N) and Altria Group (MO.N), both ranking among the day's biggest gainers. Shares of Philip Morris International (PM), a supplier of cigarettes and smoke-free nicotine products, rose about 4% to $200.89, set for a fourth consecutive session of gains and marking the largest single-day increase since July 16. Marlboro cigarette maker Altria gained 2.9% to $71.36. Earlier, British peer Imperial Brands (IMB.L) said it expects to meet its full-year guidance and announced a £1.5 billions ($1.98 billions) share buyback plan, as robust growth in tobacco alternatives helped offset declining cigarette sales. STZ, which produces beer, wine, and spirits, rose over 3% to $122.35 on the second trading day after releasing its quarterly report, despite several brokerages lowering their price targets. JPMorgan, however, raised its target from $133 to $136. Cetera Chief Investment Officer Gene Goldman noted on Thursday that there is “a rotation from growth stocks to defensive stocks” in the market, adding that “rising yields and wider credit spreads are putting pressure on AI and growth stocks.” He also pointed out that valuations in the sector are improving. Over the past three months, the sector has underperformed the broader S&P 500, falling 1% versus the benchmark’s 3.9% rise. Among the five S&P sectors that did not decline on Thursday, the Consumer Staples Index posted the second-largest gain, up 1.6%.

Philip Morris announces BRL 0.45 per unit dividend for Q3 2026

--Philip Morris Raises Quarterly Dividend to $1.60 a Share, Payable Oct. 26 to Holders of Record as of Oct. 2

Philip Morris Raises Quarterly Dividend to $1.60 Vs. $1.47 >PM

Philip Morris International Increases Dividend By 8.8% To Annualized Rate Of $6.40 Per Share >PM

Sector Update: Consumer Stocks Mixed Premarket Thursday

Philip Morris Expands Zyn Portfolio With New Nicotine Strengths, Flavors, Pouch Formats

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Philip Morris Expands Zyn Nicotine Pouch Lineup, Adds More Pouches Per Can -- Update

Philip Morris Expands Zyn Nicotine Pouch Lineup, Adds More Pouches Per Can

Sector Update: Consumer Stocks Decline Premarket Tuesday

Philip Morris International Raises 2026 Adjusted Earnings Guidance

--GUIDANCE: (PM) Philip Morris Expects 2026 Adjusted EPS Range $8.35 to $8.50

--GUIDANCE: (PM) Philip Morris Expects Q3 Adjusted EPS Range $2.29 to $2.34, vs. FactSet Est of $2.27

Philip Morris Sees 3Q Adj EPS $2.29-Adj EPS $2.34 >PM

Philip Morris Raises 2026 Reported EPS View for Currency Only >PM

Philip Morris Sees FY Adj EPS $8.35-Adj EPS $8.50 >PM

Philip Morris Sees FY EPS $7.28-EPS $7.43 >PM

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Altria Group Inc. Stock Advances 3.6%, Outperforms Peers

Philip Morris International to Manufacture Cigarettes for Altria

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