|Bid||83.31 x 1100|
|Ask||84.01 x 1000|
|Day's Range||82.45 - 83.90|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||16.90|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||4.56 (5.16%)|
|1y Target Est||92.59|
At the Blockchain Expo Global 2019, a panel discussed blockchain solutions for increasing transparency, profitability and provenance in supply chains across a variety of markets. Nitin Manoharan, head of enterprise architecture & technology innovation at Philip Morris International, spoke on the importance of looking at the enterprise viability of blockchain.
Altria Missed Revenue and Earnings Estimates in Q1(Continued from Prior Part)Stock performance Altria Group (MO) posted lower-than-expected first-quarter results on April 25. The results might have led to a fall in the company’s stock price. In
[Editor's note: This story was previously published in January 2019 It has since been updated and republished.]Is economic growth about to hit a wall and lead us into a period of lackluster results? If that's your concern, you're not alone. This growth cycle and its corresponding bull market are, at 10 years of age, getting a bit long in the tooth.In an environment where trade wars and the fears of an old-fashioned recession have the potential to turn into trouble, investors tend to reprioritize what the market will reward. Safe consumer stocks move into favor, often at the expense of growth names. Dividend stocks become particularly compelling prospects, with traders seeking out the certainty of reliable cash flow when growth is anything but guaranteed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Lithium Stocks to Buy Despite the Market's Irrationality To that end, here's a rundown of 10 of the market's top dividend-paying consumer stocks to mull as we wade deeper into murky waters. Procter & Gamble (PG)Source: Mike Mozart via Flickr (Modified)Some investors mentally wrote Procter & Gamble (NYSE:PG) off years ago, pegging it as a has-been that got too big for its own good and is too stuck in its old ways to compete well in the modern market.And to be fair, in some regards the criticisms were on target. Since CEO David Taylor took the helm in 2015, however, things have been different. P&G has been shedding brands and lines that simply aren't going to bear fruit, and though too slowly for some, the company has reworked its marketing approach to better reflect how most consumers now make purchasing decisions.Although there's more work to be done, the yield of 2.9% is solid, and Procter & Gamble has upped its payout for 63 consecutive years. Philip Morris (PM)Source: Shutterstock Last year was a rough one for Philip Morris (NYSE:PM) investors. The stock lost a total of 37% in 2018, mostly in response to tepid sales growth of its relatively new IQOS product, though downgrades all throughout the year certainly played a role in the pullback.The sellers arguably overshot their target though. * The 10 Best Index Funds to Buy and Hold While the global smoking cessation movement continues to gain traction and Philip Morris hasn't been the player it needs to be in the vaping market, this company still owns one of the most recognized and respected brand names in the business. Sales and earnings are projected to improve 5.6% and 10.2%, respectively, next year -- pretty good for the smoking industry -- and better still, the dividend yield is an impressive 5.4%. Its payout has grown every year since 2008. Spectrum Brands Holdings (SPB)Source: Shutterstock Spectrum Brands Holdings (NYSE:SPB) likely won't ring a bell with consumers, but the company's brand names will. This is the parent to Remington shaving products, George Foreman grills, Armor All automobile protectant, Tetra fish food and Kwikset door locks, just to name a few.It was a particularly poor performer in 2018, largely driven lower by downgrades and some restructuring that made it tough to get a bead on the company's future. But Bank of America's Olivia Tong made a good point with her upgrade of Spectrum, explaining "SPB's results have been challenged of late, however, headwinds are abating, while the recent sales of SPB Auto Care and Battery provide much better visibility on de-levering the balance sheet."With the sentiment pendulum swinging in the other direction again, the dividend yield of 2.7% looks like an opportunity. Packaging Corp of America (PKG)Source: Shutterstock When most investors look for consumer stocks to buy, they tend to focus on the manufacturer and brand name and look past the organizations that make those products marketable.Big mistake. That oversight steers investors right past Packaging Corp of America (NYSE:PKG), which makes the boxes and retail displays most shoppers don't give a second thought about. * 10 Monster Growth Stocks to Buy for 2019 and Beyond The big selling feature isn't the current yield of 3.2%, however, and the fact that the payout hasn't failed to grow at least a little every year going back to 2010. It's the fact that newcomers can step into PKG stock so cheaply. Shares are only trading at 12.7 times their past and 12.3 times forward-looking earnings. Tyson Foods (TSN)Source: Shutterstock Tyson Foods (NYSE:TSN) has been putting food on tables since 1931, and although it's much more than just chicken now, its chicken roots are still highly evident.The past year has been a tough one for shareholders, with fears stemming from a tariff war and rising freight costs pulling the stock well off its December 2017 high near $84. Although it has bounced back from December's low, the current price near $73 is still well short of there.A closer look at Tyson's results, however, suggests the only thing to fear was the impact of the rhetoric. Sales were up the typical 3% last year, and although earnings slipped from 2017's $6.16 per share to what will likely be $5.93 per share for 2018, analysts are looking for an earnings rebound to $6.20 per share in 2019. The pullback, in the meantime, has beefed up the yield to a respectable 2%. Hanesbrands (HBI)Source: Shubert Ciencia Via FlickrHanesbrands (NYSE:HBI) shares have been a terrible performers since early 2015, peeling back from a peak of around $35 in the middle of that year to a low of less than $12 in December of last year. Nothing the company has done has quelled the stock's bleeding.Don't jump to the wrong conclusion though. Sales have grown rather steadily since 2014, as has operating income. It has not been red-hot growth, nor hyper-consistent but certainly better than the stock's long-term trend suggests. * 3 Blue-Chip Stocks That Will Power Through Market Turmoil Regardless of the past, the present and future look healthy enough. HBI shares are only trading at 12.5 times this year's projected profit, and the trailing yield is 3.2%. This well-recognized brand name has too much going for it to ignore at that kind of valuation. Kimberly Clark (KMB)Source: Shutterstock Finally, Kimberly Clark (NYSE:KMB) is surrounded by more than a little bit of doubt. The company has seen a number of upgrades in the past few months, but as a group, analysts consider KMB a "hold" and the consensus target price near $110 is below the stock's current value near $125.Yet, to long-term income-minded investors, that earnings news will have little impact on how well KMB shares will serve them. The current yield of 3.3% is more than respectable, and sales of toilet paper, diapers and paper towels are consistent enough to maintain the company's streak of 46 years' worth of annual dividend increases.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Growth Stocks for the Return of the Bull * The 10 Best Index Funds to Buy and Hold * 10 Lithium Stocks to Buy Despite the Market's Irrationality Compare Brokers The post 7 Consumer Stocks to Buy for Income appeared first on InvestorPlace.
Philip Morris International Inc. (PM) will host a live audio webcast of its 2019 Annual Meeting of Shareholders at www.pmi.com/2019annualmeeting on Wednesday, May 1, 2019 at 9:00 a.m. ET. During the Meeting, Louis C. Camilleri, Chairman of the Board, will address shareholders and answer questions. André Calantzopoulos, Chief Executive Officer, will give the business presentation.
With Philip Morris (PM) outriding Q1 estimates, we discuss the market impact on some consumer staple ETFs with high-exposure to this tobacco company.
“Given the rapid pace of innovation in the tobacco products space, we are emphatic that youth should not use any tobacco- or nicotine-containing product. Former smokers and never smokers should not return to, or pick up, the tobacco or nicotine habit. The entire effort must be on providing better choices to the men and women who smoke today,” reiterated André Calantzopoulos, CEO of Philip Morris International.
Philip Morris International PM , the tobacco company that sells Marlboro cigarettes, is getting into the life insurance business. Smokers will receive discounts if they stop, quit or switch to a possibly less carcinogenic product, like Philip Morris' vaping devices.
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ recommendations Of the 17 analysts covering Altria Group (MO), 47.1% recommend “buy,” 35.3% recommend “hold,” and 17.6%
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ expectations In the first quarter, analysts project Altria Group’s (MO) adjusted EPS to fall 2.9% YoY (year-over-year) to $0.92 from $0.95, dragged down
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ expectationsIn the first quarter, analysts expect Altria Group’s (MO) to fall 1.7% YoY (year-over-year) to $4.59 billion from $4.67 billion. During the
There's a new Kraft Heinz CEO that will be leading the company in the near future.Here's what we know about the new CEO for Kraft Heinz (NASDAQ:KHC). * The new Kraft Heinz CEO is Miguel Patricio. * He will be taking over as the CEO of the company starting on July 1, 2019. * This will have him taking over the position from Bernardo Hees, who will remain with the company as its CEO until June, 30, 2019. * Patricio is joining the company as the new Kraft Heinz CEO after spending two decades with Anheuser-Busch InBev (NYSE:BUD). * During his time with Anheuser-Busch InBev, Patricio served in various roles as part of its Executive Leadership team. * These roles include him serving as the company's Global Chief Marketing Officer from 2012 to 2018. * Prior to his, he was serving as the President of Asia Pacific from 2008 to 2012 for Anheuser-Busch InBev. * Before serving in that role, he was the President of North America for Anheuser-Busch InBev from 2006 to 2008. * Before starting his career at Anheuser-Busch InBev, Patricio worked at several other consumer companies. * Among these companies are Philip Morris (NYSE:PM), Coca-Cola (NYSE:KO) and Johnson & Johnson (NYSE:JNJ). * 7 Tech Stocks With Too Much Risk, Not Enough Upside You can follow this link to learn more about new Kraft Heinz CEO Miguel Patricio and the experience he is bringing to the company.InvestorPlace - Stock Market News, Stock Advice & Trading TipsKHC stock started the day off up 1% on Monday morning, but is now largely unmoved as of the afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Miguel Patricio: 10 Things to Know About the New Kraft Heinz CEO appeared first on InvestorPlace.
What’s Expected for Altria’s First-Quarter EarningsStock performanceAltria Group (MO) is set to report its first-quarter earnings on April 25. As of April 18, Altria stock was trading at $54.37, 13.7% higher than when it announced its
The Zacks Analyst Blog Highlights: Philip Morris, American Express, Honeywell, BB&T and SunTrust Banks
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar and who gains and loses.
Philip Morris Beat Analysts' ESP and Revenue Expectations in Q1(Continued from Prior Part)Stock performancePhilip Morris International (PM) outperformed analysts’ revenue and EPS expectations in the first quarter. Despite strong first-quarter
The tobacco giant was trading down, as concerns about potential legislation overshadowed better-than-expected first-quarter results.
Speaking at an event Thursday in his home state of Kentucky, the second biggest tobacco producer after North Carolina, the Republican leader said he plans to introduce legislation in May and expects it will get bipartisan support in the Senate. McConnell said he is motivated partly by the growing popularity of vaping products among young people, which studies have shown can affect brain development and yield higher rates of addiction to other drugs.
Philip Morris earnings for the first quarter of the year have PM stock dipping lower on Thursday.Source: Shutterstock Philip Morris (NYSE:PM) reported revenue of $6.75 billion for the first quarter of 2019. This is a drop from the company's revenue of $6.90 billion reported in the same period of the year prior. However, this does have it beating Wall Street's revenue estimate of $6.74 billion for the quarter, but that didn't keep PM stock from dropping.The Philip Morris earnings report for the first quarter of the year also has earnings per share coming in at $1.09. This is up from its earnings per share of $1.00 from the first quarter of 2018. It also comes in above analysts' earnings per share estimate of 97 cents for the period, but PM stock is still down on Thursday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNet income reported in the Philip Morris earnings release for the first quarter of 2019 comes in at $1.35 billion. This is down from the company's net income of $1.56 billion reported during the same time last year.Philip Morris earnings for the first quarter of the year also include operating income of $2.05 billion. The company's operating income from the first quarter of the previous year was $2.43 billion. * 5 Dividend Stocks Perfect for Retirees All of this is good news for Philip Morris. So why is PM stock slipping today? The drop may have to do with proposals to increase the smoking age in several states. These proposals come as the government considers ways to reduce teen vaping numbers.PM stock was down slightly as of noon Thursday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Philip Morris Earnings: PM Stock Ticks Lower Following Q1 Report appeared first on InvestorPlace.
Philip Morris Beat Analysts' ESP and Revenue Expectations in Q1First-quarter performance Philip Morris International (PM) reported its first-quarter results on April 18. For the quarter ending on March 31, the company posted an adjusted EPS of $1.09
Cigarette maker Philip Morris reports first-quarter earnings that handily beat Wall Street forecasts amid strong demand for both combustible and e-cigarette products.
Tobacco stocks fell Thursday, after Senate Majority Leader Mitch McConnell (Repub-Ky.) said he would introduce legislation that would raise the age to buy tobacco from 18 to 21. The new age limit would apply to all vaping and tobacco products, although young members of the military would be exempted. The news comes after a long campaign by outgoing Food and Drug Administration Commissioner Scott Gottlieb to crack down on teen vaping. Altria Group Inc. shares fell 2.7%, while Philip Morris International Inc. was down 1.1%. U.S.-listed shares of British American Tobacco fell 1.3%.
André Calantzopoulos, CEO of Philip Morris International, joins "Squawk on the Street" to discuss moves to raise the legal age to buy tobacco to 21.