Philip Morris International Inc (#PM) Stock Price, Live Chart & Analysis | Trade #PM

Interesting facts about the #PM (Philip Morris International Inc)

The history of Philip Morris International goes back to 1847 when Philip Morris opened a shop on London’s Bond Street. Today, it’s an international leader in the tobacco industry. In 1950, the company opened an internal operating division to manufacture and sell its products around the globe. Marlboro is the company’s most popular brand. In 1972, Marlboro-brand cigarettes became the leader of the industry. It’s interesting that Marlboro has been the world’s most valuable tobacco brand in the 21st century, too.

Philip Morris International isn’t only one of the leading tobacco companies worldwide. It also contributes to tobacco industry regulation. In 2000, the company called for regulation in the industry at the WHO’s hearings on the Framework Convention for Tobacco Control. In 2011, Philip Morris International launched the Agricultural Labor Practices program to prevent any form of labor abuse, including child labor, on the farms where the company purchases tobacco. In 2013, CDP, a leading environmental nongovernmental organization, recognized Philip Morris International as a global leader in sustainability performance and disclosure as the company contributes to the reduction of its carbon footprint. In 2014, the company invested millions of dollars into building a reduced-risk product factory. The next year, Philip Morris International joined the United Nations Global Compact, contributing to the United Nations Sustainable Development Goals. In 2016, PMI started investing in the development and marketing of smoke-free products. In 2019, the company launched an online hub for "unsmokers." That year, the FDA approved IQOS sales in the US. This action confirmed that the product is for public health protection.

It may seem strange that a leader of the tobacco industry contributes to the reduction of the number of smokers, participating in various programs, and producing smoke-free products. Still, such a strategy allows Philip Morris International to stay afloat in the environment of tighter regulations.

PM’s stock price is quite low. However, the company’s shares are included in numerous stock market indices, including S&P 500, DJ US, and DJ Large-Cap.