PM - Philip Morris International Inc.

NYSE - NYSE Delayed Price. Currency in USD
88.69
+0.13 (+0.15%)
At close: 4:00PM EST
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Previous Close88.56
Open88.58
Bid0.00 x 800
Ask0.00 x 800
Day's Range87.74 - 88.88
52 Week Range69.27 - 92.74
Volume5,908,432
Avg. Volume4,454,369
Market Cap137.99B
Beta (5Y Monthly)1.03
PE Ratio (TTM)18.49
EPS (TTM)4.80
Earnings DateFeb 05, 2020
Forward Dividend & Yield4.68 (5.28%)
Ex-Dividend DateDec 16, 2019
1y Target Est93.75
  • Urbem's 'Wonderful Business' Series: Philip Morris
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    Urbem's 'Wonderful Business' Series: Philip Morris

    A clear strategy to win in a shrinking industry Continue reading...

  • Altria Focuses on Pricing & RRPs Amid Low Cigarette Volumes
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    Altria Focuses on Pricing & RRPs Amid Low Cigarette Volumes

    Altria's (MO) expansion in RRPs and focus on pricing bode well amid declining cigarette shipment volumes.

  • Business Wire

    PMI Recognized for Its Climate Leadership with Six Consecutive Years on CDP’s ‘A List’ for Climate Change

    Philip Morris International Inc. (PMI) (NYSE: PM) was recognized today among the top global companies leading on climate action. Environmental nonprofit CDP, formerly Carbon Disclosure Project, has placed PMI on its ‘A List’ for climate change for the sixth year in a row, recognizing the company’s work to reduce its energy use and carbon emissions and to follow a transparent disclosure process. At the end of 2019, PMI was also recognized for its leadership role in addressing the climate crisis by the "50 Sustainability and Climate Leaders" initiative.

  • Philip Morris Battles Low Cigarette Volumes, Pricing Aids
    Zacks

    Philip Morris Battles Low Cigarette Volumes, Pricing Aids

    Philip Morris' (PM) performance is bearing adverse impacts of declining cigarette sales volume. However, expansion in RRPs and strong pricing are significant upsides.

  • Business Wire

    Philip Morris International Recognized for Business Excellence in 4th Annual One Planet Awards

    Philip Morris International Inc. (PMI) (NYSE: PM) has been recognized among this year’s most awarded winners in the One Planet Awards program, an initiative acknowledging business and professional excellence in industries around the world. The company earned four awards for its achievements in delivering a smoke-free future from the more than 50 judges, who represent a wide spectrum of global industry experts.

  • What Does Philip Morris International Inc.'s (NYSE:PM) Share Price Indicate?
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    Philip Morris International Inc. (NYSE:PM) saw a double-digit share price rise of over 10% in the past couple of...

  • Business Wire

    Philip Morris International Recognized for Sustainability Action and Ambition in ‘50 Sustainability and Climate Leaders’ Project

    Philip Morris International Inc. (PMI) (NYSE: PM) is being recognized as one of 50 global sustainability leaders from the international business community in a new documentary film project called "50 Sustainability and Climate Leaders," available on www.50climateleaders.com. PMI’s inclusion, alongside other leading organizations, is recognition of the ways in which the company is viewing its ambitious business transformation through a sustainability lens that encompasses its impact on society and the environment. For PMI, sustainability means creating long‑term value while minimizing the negative externalities associated with its products, operations and value chain.

  • Philip Morris Remains a Top Pick for Dividend Investors
    GuruFocus.com

    Philip Morris Remains a Top Pick for Dividend Investors

    The stock now sports a reliable 5.5% yield Continue reading...

  • Tobacco Industry Outlook Cushioned by RRP Strength & Pricing
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    Tobacco Industry Outlook Cushioned by RRP Strength & Pricing

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  • Is MO Stock A Buy Right Now? Here's What Earnings, Altria Stock Chart Show
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    Tobacco giant Altria is trying to become less of a cigarette company, as demand fades for traditional tobacco products. Big bets on vaping, via a massive investment in vaping startup Juul, and even on marijuana, via a massive investment in a Canadian pot producer Cronos Group, have yet to pay off. Growing anxiety over vaping's potential health risks and lawmaker scrutiny have placed Juul directly in the cross-hairs.

  • The Zacks Analyst Blog Highlights: Facebook, Alibaba, Mastercard, Abbott Laboratories and Philip Morris International
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  • Big Tobacco Is Living on a Vape and a Prayer
    Bloomberg

    Big Tobacco Is Living on a Vape and a Prayer

    (Bloomberg Opinion) -- The next big thing for big tobacco has turned into a bit of a nightmare. Vaping took off as a potentially healthier alternative to smoking for adults looking to kick the habit. But then it caught on with a whole new generation, sparking a teen epidemic in the U.S and fears that they could graduate to smoking traditional cigarettes. Matters worsened with a spate of illnesses among some users of electronic cigarettes, raising questions about the safety of vaping for young and old.In the U.K., the fallout from declining sales of tobacco alternatives across the Atlantic has hit British American Tobacco Plc and Imperial Brands Plc hard. Now as new management teams at both companies try to figure out what’s the best strategy back to growth, their fortunes will be driven more by regulations in the U.S. than their business closer to home. But this doesn’t have to be bad news. Heightened scrutiny in the U.S. can dispel concerns about safety, and eventually pave the way for companies to expand their vaping technology to devices that deliver cannabis, vitamins and medicines. Vaping first came under scrutiny for its appeal to teenagers. Altria Group Inc.-backed Juul Labs Inc., has been besieged by lawsuits accusing it of using sweet fruit and candy flavors to overtly target under-aged users. The situation escalated over the summer, after a spate of illnesses and deaths related to electronic-cigarette use. ECigIntelligence, a data provider, now forecasts a 13% decline in the U.S. vaping market in 2020. Previously it had forecast an increase of more than 10%.As the world’s biggest vaping market, accounting for about 45% of global sales in 2019, it’s little wonder the U.S. slowdown is hurting. Imperial, which sells Winston cigarettes in the U.S., warned on profit in September, and parted company with its chief executive officer, Alison Cooper, a week later. BAT, maker of Dunhill and Lucky Strike cigarettes, recently said sales growth from its new generation products would be at the lower end of its forecast range of 30%-50%. A few months earlier, it had guided to the midpoint.With the scrutiny of vaping, having a broad-based portfolio of tobacco alternatives is crucial. Here BAT is well placed, having invested $4 billion over the past five years. Seven months since becoming CEO, Jack Bowles has reorganized its alternatives into three global brands: Glo for heated tobacco, Vuse for vaping and Velo for oral nicotine products. That shows commitment and urgency. It’s still not clear which category, if any, will be the winner, so having options on each is wise.Vaping probably has the most long-term potential. In the meantime, heat not burn options may come to prominence, especially as they haven’t been drawn into the controversy. They’re already popular in Japan, but with Philip Morris International Inc. now selling its IQOS device in the U.S. too, BAT may need to spend more in this area.The $49 billion purchase of the shares it did not already own in Reynolds American Inc. in 2017 stretched BAT’s balance sheet, pushing net debt to more than 6 times Ebitda. But leverage has come down to around 3.5 times, according to an estimate by Bloomberg Intelligence analyst Duncan Fox. That’s still high, but it gives Bowles more scope to invest and pay the dividend.Rival Imperial has made a big bet on vaping with its Blu brand, while it also has a strong position in oral tobacco. But it was late into heat not burn, only launching Pulze in Japan in May. Whoever succeeds Cooper as CEO will need to decide whether to expand in this category, or double down on vaping.  Either way, it will mean more investment. For that, the new CEO can draw on the cash generated by the traditional cigarette business, an up to 2 billion-pound asset disposal program and a new dividend policy. The company will return any additional cash to shareholders through buy-backs. It should divert at least some of this into tobacco alternatives instead.Both companies should take care not to create a teen vaping craze at home. After complaints from the Campaign for Tobacco-Free Kids and other organizations, the U.K.’s advertising regulator this month banned BAT from using public Instagram accounts to promote smoking alternatives like e-cigarettes. However, it didn’t find that the company had designed ads specifically to target youth.At least investment decisions could be made against a calmer market backdrop in the U.S. There’s a growing consensus that the vaping-related illnesses and deaths involved vaping oils carrying the psychoactive ingredient in cannabis, tetrahydrocannabinol or THC. The U.S. Food and Drug Administration has warned against using black-market products.In 2020, new U.S. regulations will require companies to submit applications by May to keep their e-cigarettes on the market. Big tobacco has the resources to go through this complicated and expensive process. Smaller producers may not. Over about the next 12 months, this regime could reduce some of the competitive pressures on big tobacco. But in both tobacco and newer alternatives, it’s not going to be plain sailing. Numerous U.S. states have outlawed some kinds of e-cigarettes, and although a federal ban on vape flavors aside from tobacco now looks less likely after backtracking by President Donald Trump, it can’t be ruled out. Meanwhile, at some point, U.S. regulators may return their attention to efforts to reduce the amount of nicotine  and ban menthol flavors in traditional cigarettes, bringing more pain to what remains tobacco companies’ biggest and most profitable segment by far. (Michael Bloomberg, founder and majority owner of Bloomberg News parent Bloomberg LP, has campaigned for and given money in support of a nationwide ban in the U.S. on flavored e-cigarettes and tobacco.)Pressure there, and everywhere, could bring more industry hook ups. Philip Morris International and Altria in September ended their brief merger flirtation. Such talks could always come back onto the agenda again or the two may look abroad. Imperial has long been seen as a takeover target, with Japan Tobacco Inc. considered the most likely buyer. A new Imperial CEO may walk in the door only to find that there is a predator hard on the company’s heels.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Philip Morris International Inc. (PM) vs. Hedge Fund Favorites in 2019
    Insider Monkey

    Philip Morris International Inc. (PM) vs. Hedge Fund Favorites in 2019

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 […]

  • Philip Morris (PM) Gains But Lags Market: What You Should Know
    Zacks

    Philip Morris (PM) Gains But Lags Market: What You Should Know

    Philip Morris (PM) closed the most recent trading day at $85.99, moving +0.34% from the previous trading session.

  • Philip Morris (PM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Philip Morris (PM) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Philip Morris (PM) closed at $84.67, marking a +0.74% move from the previous day.

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  • Thomson Reuters StreetEvents

    Edited Transcript of PM earnings conference call or presentation 17-Oct-19 1:00pm GMT

    Q3 2019 Philip Morris International Inc Earnings Call

  • Business Wire

    PHILIP MORRIS INTERNATIONAL INC. PRESENTS AT THE MORGAN STANLEY GLOBAL CONSUMER & RETAIL CONFERENCE

    REVISES 2019 FULL-YEAR REPORTED DILUTED EPS FORECAST TO APPROXIMATELY $4.55 VS. $5.08 IN 2018, REFLECTING EX-CURRENCY LIKE-FOR-LIKE ADJUSTED DILUTED EPS GROWTH OF APPROXIMATELY 9.5

  • Barrons.com

    Altria Is Facing Fewer Threats — and One Analyst Says It’s Time to Buy Its Stock

    Citigroup upgraded Altria citing smaller threats from vaping and the FDA. It cut Philip Morris to Neutral.

  • Benzinga

    Citi Is More Bullish On Tobacco, Particularly Altria

    Citi upgraded Altria Group Inc . (NYSE: MO ) as part of a more bullish general outlook on tobacco companies, but dropped its rating on Philip Morris International Inc . (NYSE: PM ). The stocks moved in ...

  • Reuters

    Bangladesh plans to ban e-cigarettes amid growing health concerns

    Bangladesh plans to prohibit the sale and use of electronic cigarettes and vaporisers, a health official said on Sunday, as countries around the world move to ban devices that have been linked to health risks and teen addiction. "We are actively working to impose a ban on the production, import and sale of e-cigarettes and all vaping tobaccos to prevent health risks," Shaikh Yusuf Harun, Secretary at the health education and family welfare division of the Ministry of Health and Family welfare, told Reuters. The health ministry had taken into consideration the recent spate of deaths and illnesses linked to e-cigarette use in the United States, he said.