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Lars Dahlgren, President of Smoke-Free Oral Products at Philip Morris International Inc. (NYSE:PM), recently sold 3,679 shares of the company’s common stock. The transaction, recorded on March 6, 2025, was executed at a weighted average price of approximately $152.96 per share, resulting in a total sale value of $562,739. The sale comes as the tobacco giant, currently valued at $236 billion, maintains its position as a prominent player in the industry with impressive gross profit margins of nearly 65%.
Following this sale, Dahlgren retains ownership of 26,828 shares, which includes 20,930 restricted share units. This transaction was part of a series of sales, with prices ranging from $152.96 to $152.98 per share. The stock has delivered an impressive 76% return over the past year and currently offers a 3.52% dividend yield. According to InvestingPro analysis, which includes 12+ additional key insights and a comprehensive Pro Research Report, the stock is currently trading slightly above its Fair Value.
In other recent news, Japan Tobacco (OTC:JAPAF), along with Philip Morris International and British American Tobacco (NYSE:BTI), has agreed to settle Canadian lawsuits for $22.6 billion USD. This settlement aims to resolve long-standing litigation related to tobacco products’ health risks in Canada. Japan Tobacco plans to record a provision for litigation losses as an operating expense in fiscal year 2024, estimated to be under 400 billion yen. Meanwhile, Philip Morris International has seen analyst activity, with Citi raising its stock target to $163 and maintaining a Buy rating, citing strong revenue and margin growth in both combustible and smokeless products. Stifel also increased its price target for Philip Morris to $160, highlighting the company’s 10% constant currency growth in earnings per share and a positive outlook for 2025. Philip Morris’s guidance for the upcoming year includes 6-8% organic sales growth and 10.5-12.5% EPS growth on a constant currency basis. Additionally, the company expects a 10-12% growth in heated tobacco unit shipments. These developments reflect a shift in investor focus amidst broader market movements, with defensive stocks like Philip Morris gaining traction as tech stocks face challenges from emerging AI technologies.
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