PM - Philip Morris International Inc.

NYSE - NYSE Delayed Price. Currency in USD
84.79
0.00 (0.00%)
At close: 4:01PM EST
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Previous Close84.79
Open85.00
Bid84.67 x 900
Ask88.00 x 1200
Day's Range84.57 - 85.32
52 Week Range64.67 - 92.74
Volume2,963,206
Avg. Volume6,747,103
Market Cap131.922B
Beta (3Y Monthly)1.03
PE Ratio (TTM)17.68
EPS (TTM)4.80
Earnings DateFeb 5, 2020 - Feb 10, 2020
Forward Dividend & Yield4.68 (5.52%)
Ex-Dividend Date2019-09-24
1y Target Est91.50
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  • South China Morning Post

    Philip Morris scours China start-ups for technology to replicate IQOS system in medical field

    Philip Morris, the maker of Marlboro cigarettes and the IQOS tobacco heating system, is scouring China's start-up scene for inhalation technology that can be developed for the medical field as the tobacco giant seeks new paths outside its traditional consumer products business.The effort is spearheaded by PM Equity Partner, a US$150 million Swiss-based venture fund seeded by its parent, with a focus on building stakes in healthier environmental, human and fast-moving consumer goods.Philip Morris has said its long-term plan is to stop selling cigarettes eventually by converting its customers to the IQOS system.Such investments could be the springboard into "new industries" related to the tobacco giant's traditional business, according to investment manager Jason Gao. Philip Morris may close Hong Kong research centre on proposal to ban e-cigarettesThat would follow in the step of IQOS, which uses electronic heating to induce nicotine vapour for inhalation, without burning the tobacco."IQOS shares the same inhalation technology as those currently deployed in medical delivery system," Gao said in an interview in Hong Kong."We have already made one of our most successful investments in a Middle East inhalation tech start-up that focuses on delivering botanical matter into the human body through the lungs."The push into new industries underscores the challenges in its traditional business amid tightening regulations and anti-smoking drives by governments.Cigarette-free alternatives have had varied success and their fair share of bad press globally over health concerns.Gao said PM Equity Partner has spent US$100 million in 10 companies globally outside Asia. That portfolio includes Biovotion, Bow Group, Softhale and Biognosys, according to its website.Inhalation technology, which is considered a fast, effective and non-invasive way of delivering medication to the lungs, has already been used in treating ailments such as asthma. The Middle East venture, he said, has the potential to be the "anchor asset" for the group's move into a new industry.The start-up has also completed a prototype of a product that could be potentially used in the pharmaceutical sector, while a joint effort between Philip Morris and the start-up is also working to develop a new generation of tobacco products, he said."The botanical form of medicine could be interesting," he said. "Delivering botanical matter into the human body is a very Asian practice, which today has not yet been well explored in western research." Ban e-cigarettes and other new tobacco products, Hong Kong parents say in surveyIQOS is sold only in four Asian markets, namely Japan, South Korea, New Zealand and Malaysia. The product is banned in Singapore, while Hong Kong is seeking to apply a blanket ban on e-cigarettes and heated tobacco products. IQOS was introduced in the US last quarter, the only heat-not-burn system approved by authorities there.Gao said Philip Morris is currently not looking at expanding into the medical sector, and that consumer products are still its core business.For more insights into China tech, sign up for our tech newsletters, subscribe to our award-winning Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

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  • Reuters

    Japan Tobacco halves price of reduced-risk cigarette starter kit

    Japan Tobacco is halving the price of starter kits for its Ploom S reduced-risk cigarettes, as it struggles to compete against rival Philip Morris International. Japan is the world's biggest market for "heat not burn" products, which emit less smoke than conventional cigarettes, as regular e-cigarettes with liquid nicotine are banned. From Dec. 1, the recommended retail price of the kit, including the smoking device which heats tobacco sticks, micro USB cable and AC adapter, will be 3,480 yen ($31.90) from 7,980 yen, Japan Tobacco said on Tuesday.

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These partnerships include the likes of Phillips 66, which PAA joined forces with back in June to build the Red Oak pipeline system.With the company on a steady growth path, part of its appeal lies in its ability to maintain a stable dividend. PAA consistently rewards investors, with its annual payout of $1.44 per share putting the dividend yield at 7.75%.Steve Fleishman of Wolfe Research told clients that all of the above lends itself to his bullish thesis. “The company offers well above average growth both organically through its Permian-focused business and through several large new capital projects where PAA has partnered with large refining companies,” the analyst explained. Fleishman added that PAA’s strong balance sheet is “now one of the best in the sector."Fleishman rates PAA an Overweight along with a $27 price target, which implies about 50% upside from current levels. (To watch Fleishman’s track record, click here)Similarly, the rest of the Street is in favor of this dividend stock. 6 "buy" ratings vs 2 "holds" assigned in the last three months give it a ‘Strong Buy’ analyst consensus. Additionally, its $26 average price target implies about 44% upside potential. (See PAA stock analysis on TipRanks)Philip Morris (PM)While best known for its tobacco brands like Marlboro, Philip Morris is captivating investors thanks to its iQOS products. iQOS is an electronic tobacco heating system, differing from traditional cigarettes in that it doesn’t burn the tobacco when it’s smoked.iQOS is the only FDA-authorized reduced-risk product (RRP) allowed to sell mint and menthol flavors, giving it a significant competitive advantage in the U.S. The mint/menthol flavor plays a key role in adult smoker conversion as menthol makes up about 35% of total combust cigarette volume. The tobacco product’s potential isn’t limited to the U.S. iQOS’ launch in the EU only covers about half of the region’s population, leaving plenty of the market untapped. Not to mention there is a substantial opportunity to capture the market in Russia.That being said, PM’s strength as a dividend stock can’t be ignored. Shareholders that get onboard now can expect a substantial reward. It offers the largest annualized payout out of all the names on our list, $4.68 per share to be exact. AdditionallyAll of this prompted top analyst, Wells Fargo’s Bonnie Herzog, to reaffirm her Bullish stance on PM. While she lowered her price target from $102 to $100, the four-star analyst is confident the company can deliver reliable returns, with the upside potential still coming in at a respectable 22%. “Given PM’s superior profit, existing infrastructure, capital strength, strong free cash flow, attractive 5%-plus dividend yield, leading global brand portfolio including Marlboro and deep management team with superior knowledge of the global tobacco industry, we expect the stock to outperform over the next 12 months,” she commented. (To watch Herzog’s track record, click here)The rest of the Street is slightly more cautious regarding PM. Its ‘Moderate Buy’ consensus rating comes from 6 Buy ratings, 2 Holds and 1 Sell received in the last three months. Analysts see about 10% upside potential based on its $89.43 average price target. (See Philip Morris stock analysis on TipRanks)Tenaris SA (TS)When a stock scores a ratings upgrade, it’s a signal to investors that a unique opportunity may be presenting itself. This is the case for steel pipe and tube manufacturer Tenaris.Wolfe Research analyst Blake Gendron just bumped up his rating from a Hold to a Buy, citing its free cash flow yield as well as its offshore optionality as particularly noteworthy. “TS has a relatively defensive balance sheet and robust FCF outlook (10% EV on our FY20 estimates), underpinned by its capital light footprint,” he noted.While the analyst acknowledged that the fuel price freeze in Argentina could impact TS’ top-line performance, a new contract could offset any negatives. The company was recently awarded a five-year contract with Abu Dhabi National Oil Company (ADNOC) worth $1.9 billion to provide tubulars and Rig Direct services. As a result, Gendron believes that TS is the most compelling name in the space, calling it “our WR CE top pick”. All of this lends itself to a potential twelve month gain of 32%, according to the analyst. (To watch Gendron’s track record, click here)Along with promising new opportunities and a strong balance sheet, TS is an attractive investment based on its continued ability to pay a solid dividend. With its $1.12 annualized payout amounting to a 5.4% yield, it’s no wonder TS is a resounding Buy among Wall Street analysts.Not only is the stock a Buy, but the fact that only bullish calls have been published in the last three months give it a ‘Strong Buy’ Street consensus. It also doesn’t hurt that its $31 average price target suggests 45% upside potential. (See Tenaris stock analysis on TipRanks)

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