PM - Philip Morris International Inc.
| Previous Close | 84.79 |
| Open | 85.00 |
| Bid | 84.67 x 900 |
| Ask | 88.00 x 1200 |
| Day's Range | 84.57 - 85.32 |
| 52 Week Range | 64.67 - 92.74 |
| Volume | 2,963,206 |
| Avg. Volume | 6,747,103 |
| Market Cap | 131.922B |
| Beta (3Y Monthly) | 1.03 |
| PE Ratio (TTM) | 17.68 |
| EPS (TTM) | 4.80 |
| Earnings Date | Feb 5, 2020 - Feb 10, 2020 |
| Forward Dividend & Yield | 4.68 (5.52%) |
| Ex-Dividend Date | 2019-09-24 |
| 1y Target Est | 91.50 |
- Yahoo Finance Video
Trump backs down from flavor ban on e-cigarettes: NYT
The New York Times is reporting that President Trump could be changing his stance on banning flavored e-cigarettes, as his advisors stress that an outright ban could impact vape shops and local business owners in key battle ground states. Tracy Finken, Partner at Anapol Weiss Law Firm, joins Yahoo Finance's Zack Guzman and Brian Cheung, along with Retail Expert Erin Sykes, to discuss.
- Yahoo Finance Video
Trump to meet with vaping industry officials
Pro-vaping groups rallied in Washington about access to the product and pressuring the government to discuss new, next steps. American Vaping Association President Greg Conley joins Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Sozzi and Emily McCormick to discuss the movement on On The Move.
- GuruFocus.com
Top 5 Buys of John Rogers' Ariel Investment
Firm reports portfolio. Portfolio manager at firm will speak at next year’s conference Continue reading...
- GuruFocus.com
Trio of Large-Cap Stocks Thrash the S&P 500's Dividend Yield
Philip Morris International tops the list Continue reading...
- Zacks
Why Is Philip Morris (PM) Up 6.2% Since Last Earnings Report?
Philip Morris (PM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Sysco (SYY) Hikes Dividend: What Else You Should Know?
Sysco (SYY) announces a 15% hike in its quarterly dividend, taking it from 39 cents a share to 45 cents. This marks the 51st hike for the company.
- Zacks
Sysco Adds Hawaiian Distributors to FreshPoint Business
Buyouts of Armstrong Produce and Kula Produce are likely to strengthen Sysco's (SYY) distribution network in Hawaii.
- 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.
- Yahoo Finance
'We vape. We vote': Pro-vaping groups protest flavor ban
E-cigarette activists take to the streets of Washington DC to protest a proposed flavor ban.
- Zacks
Tyson Foods (TSN) Q4 Earnings Miss Estimates, Sales up Y/Y
Tyson Foods' (TSN) fourth-quarter fiscal 2019 results gain from improved sales in chicken, pork and prepared foods unit. However, sales decline in the beef unit is a drag.
- Zacks
Is Philip Morris International (PM) Stock Outpacing Its Consumer Staples Peers This Year?
Is (PM) Outperforming Other Consumer Staples Stocks This Year?
- 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.
- Reuters
Trump to meet with vaping industry on vaping, e-cigarettes
U.S. President Donald Trump said on Monday he will be meeting with vaping industry officials as well as medical and political officials to discuss vaping and e-cigarettes. "Will be meeting with representatives of the Vaping industry, together with medical professionals and individual state representatives, to come up with an acceptable solution to the Vaping and E-cigarette dilemma. Trump did not give a time for the meeting.
- Reuters
UPDATE 1-U.S. to raise age limit for vaping to 21, Trump says ahead of action next week
The United States plans to raise the age limit for vaping to 21, U.S. President Donald Trump said on Friday, adding that his administration would issue its final report on such products next week. Trump, speaking to reporters at the White House, did not give further details about the administration's regulatory plans or give a specific date for any announcements. U.S. health officials have been sounding the alarm amid a nationwide outbreak of serous lung illnesses linked to vaping, and have raised concerns about the use of electronic smoking devices, particularly among youth.
- Reuters
RPT-INSIGHT-China's tobacco monopoly means big risks for e-cigarette startups
In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Here at the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Founded by former employees of Didi Chuxing, China’s answer to Uber, RELX aims to become China’s answer to Juul Labs Inc, the San Francisco startup that captured a huge share of the U.S. vaping market with a sleek and addictive e-cigarette.
- Benzinga
Jury Awards $93.6 Million To Former Operator Of Port Of Portland Container Terminal
A federal jury has awarded $93.6 million to ICTSI Oregon, the former operator of the Port of Portland's Terminal 6, after members of the International Longshore and Warehouse Union (ILWU) engaged in illegal work practices such as work slowdowns and stoppages. According to the Portland Oregonian newspaper, attorneys for the ILWU asked U.S. District Court Judge Michael Simon to delay entering the judgment against the union until Nov. 12. ICTSI Oregon, a subsidiary of Philippines-based International Container Terminal Services Inc., (ICT:PM) managed Terminal 6 for the Port of Portland from 2011 to 2017.
- Zacks
Philip Morris Trims View on Berlin Plant Closure Charges
Charges of almost $355 million related to the closure of Berlin plant compel Philip Morris (PM) to trim 2019 earnings view. It now expects earnings of $4.53.
- Business Wire
Philip Morris International Inc. Revises, Only for Manufacturing Restructuring Charges in Germany of $0.20 Per Share, Its 2019 Full-Year Reported Diluted EPS Forecast to at Least $4.53 vs. $5.08 in 2018,
Reflecting Ex-Currency Like-for-Like Adjusted Diluted EPS Growth of at Least 9.0%
- Barrons.com
Altria Stock Has Room to Climb After Earnings Beat
Although Altria’s stock has struggled this year, an RBC Capital Markets analyst thinks earnings can climb 5% in 2020.
- Market Realist
Altria Gives Juul Labs Update, Stock Gets Beating
When Altria posted its earnings yesterday, things looked positive. However, after news about Juul Labs, MO stock lost momentum and closed 2.6% lower.
- TipRanks
3 Undervalued Stocks Offering Juicier Dividend Yields Than S&P 500
The market rally is alive and well. Following the Federal Reserve’s third rate cut this year, the S&P 500 moved higher on Wednesday. This is on top of the 2% gain the index has already seen since market close on October 22. Bearing this in mind, investors are looking for ways to capitalize on the market’s upward momentum.Analysts suggest that investors seek out the stocks that can reliably generate profits and reward investors with consistent payouts, namely dividend stocks. That being said, it should be noted that not all dividend stocks are created equal, with some offering significantly higher yields than others.So how are investors supposed to determine which dividend names represent the most compelling investments? We recommend using TipRanks’ Stock Screener. The tool helped us pinpoint 3 Buy-rated names that each boast a dividend yield of more than 5%, while the average dividend yield of the S&P 500 stands at 1.85%.Plains All American Pipeline (PAA)Plains All American specializes in the transportation, logistics and storage of crude oil, with its primary focus being the Permian Basin, a large and resource rich region spanning the southwestern part of the U.S. Despite the fact that shares have been hurting recently, the Street’s pros see gains stemming from the Permian business as well as new projects.While concerns have been expressed regarding the overbuilding of the Permian Basin, PAA’s Permian pipes have continued to sustain a solid level of contracts. Not to mention PAA is actively participating in the construction of new Capine, Red Oak and Wink-Webster pipes through its partnerships with major refining companies. 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)
- Market Realist
Why Altria Could Jump on Its Q3 Earnings Beat
Altria (MO) posted better-than-expected third-quarter earnings results today. As expected, lower cigarette shipment volumes remained a drag.
- Reuters
UPDATE 3-Altria writes down Juul investment by $4.5 bln amid vaping backlash
Altria Inc took a $4.5 billion hit from its investment in embattled electronic-cigarette maker Juul Labs Inc on Thursday, the latest setback for the startup as a regulatory crackdown on vaping threatens to upend the fast-growing industry. The writedown highlights the spectacular reversal in Juul's fortunes in the last few months, with its valuation shrinking by more than a third to roughly $24 billion since Altria bought a 35% stake in December. With the deal, the U.S. maker of Marlboro had hoped to tap the market for vaping in the face of declining smoking rates and cigarette sales in the United States.
