|Day's range||0.6500 - 0.9400|
In the latest trading session, Altria (MO) closed at $46.20, marking a +0.28% move from the previous day.
Tobacco company Philip Morris International (NYSE: PM) was created when Altria Group (NYSE: MO) spun off its non-U.S. businesses in 2008. Philip Morris is a U.S. company that reports in USD; when the dollar is stronger than currencies in other foreign markets, the company takes an exchange rate hit on every dollar it brings in. Here are three reasons to consider buying Philip Morris stock today.
British American Tobacco should be another candidate, according to shareholder GQG. BAT — which has not commented on the issue — is barely a UK company at all, if its shareholder base is anything to go by. BAT’s biggest shareholder is US behemoth Capital Group with over 16 per cent of the company.