PM - Philip Morris International Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
77.46
-1.36 (-1.73%)
As of 1:53PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close78.82
Open78.90
Bid77.41 x 800
Ask77.44 x 1000
Day's Range77.34 - 78.90
52 Week Range64.67 - 92.74
Volume2,940,720
Avg. Volume4,744,984
Market Cap118.999B
Beta (3Y Monthly)1.02
PE Ratio (TTM)15.66
EPS (TTM)4.95
Earnings DateJul 18, 2019
Forward Dividend & Yield4.56 (5.79%)
Ex-Dividend Date2019-06-20
1y Target Est94.06
Trade prices are not sourced from all markets
  • 3 Top Stocks With High Dividend Yields
    Motley Fool21 hours ago

    3 Top Stocks With High Dividend Yields

    High yields don't have to mean high risk with Altria, BP, and Philip Morris International.

  • Cigarettes – If You Do Not Smoke Them, You Can Invest in Them
    TipRanksyesterday

    Cigarettes – If You Do Not Smoke Them, You Can Invest in Them

    2018 was not an easy year for the tobacco industry to say the least. Repeated attempts made by the FDA to reduce smoking rate have caused demand for cigarettes to diminish. Indeed, the number of smokers in the United States in that year has hit a record low of 16% (in 2013, the figure stood at 20%). If that was not enough, in June, a proposition to prohibit the sale of flavored tobacco products in San Francisco almost passed.Tobacco companies are still facing difficulties in 2019. This June, British American Tobacco, the second largest tobacco company in the world, warned about a sharp decline in its revenues due to low demand for regular cigarettes in the United States as more and more Americans use e-cigarettes and vaping products. Having said that, prospects for tobacco companies in the short and long term are not as bad as it was previously thought. It is predicted that by 2021 market size will reach almost $695 billion – a 2.8% CAGR from 2016.From a yearly perspective, Philip Morris stock (NYSE:PM) has surged by 15%, almost matching the entire gains recorded by the S&P 500. In fact, the largest manufacturer of cigarettes in the world is now enjoying positive assessments from Wall Street’s top analysts. One of them is Bonnie Herzog from Wells Fargo. She has recently given the company’s a buy rating and a $100 price target with a 26.23% upside. Herzog is not alone in her assessment, if we weigh other analysts’ assessments, we get an average target price of $94.57 and a 19.38% Upside. Philip Morris’ current share price stands at $79.22 (June 24). Explaining the rationale behind her buy rating, Herzog points mainly to strong cigarette price realization and the acceleration of next gen iQOS 3/Multi platforms (tobacco heating system without combustion) shipment volume in Japan (+14.5%). Regarding the company’s iQOS, it should be mentioned that in April, Philip Morris finally received the FDA’s approval to sell this product in the U.S. domestic market after years of waiting. Up until recently, the product has been sold in the foreign markets, such as the Japanese and the Russian ones. Another reason for optimism from Philip Morris’ point of view (and other tobacco manufacturers) was the resignation of FDA’s commissioner Scott Gottlieb in April. Gottlieb was considered a vehement anti-tobacco advocate. Tobacco companies now hope the FDA will adopt a more moderate approach towards their products. To conclude, as bright as the future may seem for tobacco manufacturers and their investors, one must not forget that there are still challenges awaiting them in years to come, especially due to the constant decline in the number of smokers in the United States and other Westerns countries. A reminder for such a challenge came in the form of an initiative in San Francisco a week ago to ban the sale of e-cigarettes. Analyst Ratings & Price Targets on Philip Morris

  • Better Buy: Procter & Gamble vs. Philip Morris
    Motley Fool2 days ago

    Better Buy: Procter & Gamble vs. Philip Morris

    Here's what actually makes the seemingly "weaker" company a better bet.

  • 3 Dividend Stocks That Pay You Better Than Coca-Cola Does
    Motley Fool2 days ago

    3 Dividend Stocks That Pay You Better Than Coca-Cola Does

    The beverage giant may be known as a reliable income stock, but here are a few better choices if you're looking for high yields.

  • Indonesian iPhone Retailer Surges as It Nears Partnership With Juul
    Bloomberg2 days ago

    Indonesian iPhone Retailer Surges as It Nears Partnership With Juul

    (Bloomberg) -- Shares of PT Erajaya Swasembada, an Indonesian distributor of Apple Inc.’s iPhones and Samsung Electronics Co.’s smartphones, surged the most in more than a year after the company said it was close to a tie-up with electronic cigarette manufacturer Juul Labs Inc.Erajaya will soon announce details of the partnership with Juul, Budiarto Halim, president director, said by phone on Monday. “I’m currently bound by a non-disclosure agreement,” he said.Juul has signed an exclusive distribution deal with one of Erajaya’s units and will begin to retail e-cigarettes in greater Jakarta area, Java and Bali from the end of this month, Citigroup Inc. said in a report, without saying where it got the information. In the launch stage, the product will consist of Juul basic kit, charger and refill kits, analysts Vivi Lie and Ferry Wong wrote in the report.Juul’s device will have a one-year warranty and the roll-out will be supported by marketing campaigns on television, digital, billboards and print media, Citi said. Still, its impact on combustible cigarette market will be relatively limited and it is more likely Juul will attract vape users and non-smokers in urban areas, it said.Indonesia is one of the world’s largest markets for cigarettes and known for a variety of clove cigarettes it produces. The market is dominated by cigarette makers PT Hanjaya Mandala Sampoerna, a Philip Morris International Inc. unit, and PT Gudang Garam.Erajaya’s shares jumped 19%, the most since April 30, 2018, while its Indonesian counterpart PT Hanjaya Mandala Sampoerna fell 1.5%. The nation’s benchmark index Jakarta Composite Index closed 0.4% lower.(Updates share moves in final paragraph.)\--With assistance from Rieka Rahadiana.To contact the reporter on this story: Tassia Sipahutar in Jakarta at ssipahutar@bloomberg.netTo contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Thomas Kutty AbrahamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Price Hikes May Light Up Tobacco Stocks
    Investopedia6 days ago

    Price Hikes May Light Up Tobacco Stocks

    Declining cigarette sales and volumes continue to pressure large tobacco companies. To combat falling tobacco demand, industry giant Altria Group, Inc. (MO) has raised its prices six cents per pack, or $3 per carton, according to Wells Fargo analyst Bonnie Herzog, per Barron's. Herzog argues that the move demonstrates Altria's pricing power, adding that British American Tobacco p.l.c.

  • Barrons.com7 days ago

    Philip Morris Stock Is Too Cheap to Pass Up, Analyst Says

    Philip Morris stock has been a success story in 2019, and Wells Fargo argues that a recent dip in the shares represents a buying opportunity.

  • General Mills (GIS) to Gain From Blue Buffalo in Q4 Earnings
    Zacks7 days ago

    General Mills (GIS) to Gain From Blue Buffalo in Q4 Earnings

    General Mills (GIS) is poised to gain from its core strategies to drive sales growth. Also, its robust cost-saving measures should offer cushion from input cost inflation in Q4 earnings.

  • Benzinga8 days ago

    Philip Morris COO Reaffirms Commitment To Smoke-Free Future

    Philip Morris' role in a tobacco industry that's moving away from combustible tobacco is to provide consumers with "scientifically verified alternatives," Olczak said in the interview. While none of the smoking alternative products are "risk-free," they do have the potential to pose a "much lower risk" to the user's health, Olczak said.

  • Markit8 days ago

    See what the IHS Markit Score report has to say about Philip Morris International Inc.

    Philip Morris International Inc NYSE:PMView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PM. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PM are favorable, with net inflows of $11.80 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. PM credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Business Wire9 days ago

    Philip Morris International Holds ‘Open Mic’ at 2019 Cannes Lions Festival

    Philip Morris International (PMI) (PM) announced today its return to the Cannes Lions International Festival of Creativity to engage with those who are actively creating and shaping meaningful change in the world. Working from its central theme of “Open Mic,” PMI will foster conversations around unexpected and provocative ideas, concepts and views with some of today’s boldest thinkers at the gathering known for bringing together the world’s most creative people to discuss new ideas, pioneering research and emerging technologies that help make and shape popular culture. “For PMI, attending Cannes is a surprising juxtaposition of what people may expect of us.

  • Consumer Staples ETFs Red Hot: Will the Rally Last?
    Zacks13 days ago

    Consumer Staples ETFs Red Hot: Will the Rally Last?

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  • Barrons.com13 days ago

    Altria Stock Can Rise With the Company’s ‘Tremendous Pricing Power’

    An unexpected price increase for nearly all of the tobacco maker’s brands, emphasizes Altria’s pricing power and will be followed by the rest of the industry, Wells Fargo says.

  • Reuters13 days ago

    FDA proposes shorter deadline for e-cigarette applications

    The U.S. Food and Drug Administration said it can advance the date for the submission of e-cigarette applications, responding to a ruling that the agency had exceeded its authority by allowing e-cigarettes to remain on the market until 2022 before companies applied for regulatory approval. The FDA in a court filing on Wednesday proposed adoption of a timeline of not less than 10 months to submit the applications after a final ruling, if the court decides not to remand the case back to the agency for further action. "Should the Court order premarket applications to be submitted by a date certain, it should set that deadline no sooner than 10 months from the date of its decision, along with a one-year period for FDA review," FDA said in the court filing.

  • 3 Big Stock Charts for Thursday: H & R Block, Twitter and Philip Morris
    InvestorPlace13 days ago

    3 Big Stock Charts for Thursday: H & R Block, Twitter and Philip Morris

    Wednesday's 0.2% setback for the S&P 500 still wasn't enough to push it past the point of no return. But, anything remains possible at this point … good or bad. More than anything, traders are losing interest.Source: Allan Ajifo via Wikimedia (Modified)Teva Pharmaceutical (NYSE:TEVA) was a proverbial problem child, off more than 4% after a judge rejected its initial settlement offer to end an opioid liability case against the company. Chesapeake Energy (NYSE:CHK) was the bigger overall drag, falling more than 7%, mostly driven by industry pricing weakness. General Electric (NYSE:GE) helped keep the weakness to a minimum, up 1.5% as investors increasingly buy into the turnaround story. * 7 High-Quality Cheap Stocks to Buy With $10 None are great picks headed into Thursday's trading though. Rather, it's the stock charts of Philip Morris International (NYSE:PM), Twitter (NYSE:TWTR) and H & R Block (NYSE:HRB) that merit the closer looks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips H & R Block (HRB)Shares of H & R Block are, in simplest terms, at a crossroads.The fact that HRB was able to recover and rebound after being on the verge of a pretty significant selloff (as recently as March) confirmed there's a rather significant floor around $23.65, plotted in blue on both stock charts. However, this week's action also confirms there's a major ceiling that stands in the way of higher highs. Although the stock could still fall on either side of the fence, with two years' worth of consolidation ready to be unleashed, the possible breakout thrust is worth a closer look. Click to Enlarge * The ceiling in question is, of course, the $29.20 level marked in red on both stock charts. That's around where H & R Block stock peaked several times since late 2017. * Although none of the other attempts to hurdle $29.20 have been effective, this one differs in that the last couple days have made big gains on big volume. * Perhaps the most bullish argument here isn't what is, but what isn't. The weekly chart's RSI indicator hasn't crept into overbought territory yet, leaving room for more upside before the profit-takers push back. Philip Morris (PM)With nothing more than a passing glance at Philip Morris, it looks as if it has averted trouble. And, perhaps it has. The weakness seen late last month has been quelled, with a technical support level taking shape around $76.70.This may only be a short pause before the selloff resumes again, however. One more misstep could push PM shares over that cliff's edge. * 10 Smart Dividend Stocks for the Rest of the Year Click to Enlarge * The way the highs and lows over the course of the past week and a half have made a pretty well-defined box shape is telling in itself. It could be considered a bearish continuation pattern that lets the sellers regroup. * The floor at $76.70 is more meaningful than the past few days would suggest. That same level was a key floor a trio of times in 2018, making it a more important support area now. * Still, until that floor actually fails to keep Philip Morris stock propped up, there's still a chance at a rebound. Twitter (TWTR)Several times earlier this year Twitter was featured as a budding bullish candidate. Although choppy, the fact that the buyers were repeatedly making an attempt to reclaim ground lost in the middle of last year was encouraging. The breakout move finally took shape in April, though in the worst possible way. That is, a huge gap was left behind; traders generally don't like to leave gaps unfilled.Sure enough, that gap was filled in the meantime, with last month's weakness. The spot with which the bounceback has taken shape, however, suggests a whole new trading range has been established that will serve as a Launchpad for the move to the next higher level. Click to Enlarge * All it took was a kiss of the gray 100-day moving average line in early June (highlighted) to close the gap left with April's surge. * This week so far, the purple 50-day moving average line and the blue 20-day moving average line have acted as a technical floor, holding TWTR above a key technical ceiling near $37.20, plotted in red. * The next level to watch is $42.14, where the upper boundary of July's bearish gap is found. * It's more readily evident on the weekly chart, but with the recent move higher, the old trading range between $35.80 and $26.25 has been left in the rearview mirror.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 3 Big Stock Charts for Thursday: H & R Block, Twitter and Philip Morris appeared first on InvestorPlace.

  • Business Wire13 days ago

    PMI Launches Online Hub Offering Inspiration to ‘Unsmokers’

    Philip Morris International today launches unsmokeyourworld.com, a new online hub for those that want to unsmoke themselves or their loved ones, their communities, or the world.

  • Benzinga14 days ago

    Why Tobacco Stocks Are Trading Down Wednesday

    British American Tobacco said in a news release Wednesday that it expects global industry volume to be down by around 3.5 percent in 2019. Despite a guide for lower volume shipments, British American said it remains on track for constant currency revenue growth in the mid-to-upper half of its long-term guidance of 3-5 percent.

  • Options Traders Expect Huge Moves in Philip Morris (PM) Stock
    Zacks14 days ago

    Options Traders Expect Huge Moves in Philip Morris (PM) Stock

    Investors need to pay close attention to Philip Morris (PM) stock based on the movements in the options market lately.

  • 7 Dividend Stocks That Are Worth Your Money
    InvestorPlace14 days ago

    7 Dividend Stocks That Are Worth Your Money

    Editor's note: This story was previously published in May 2019. It has been edited and republished.No matter where we are in the investing cycle, dividend stocks never go out of style. However, it's during times of unpredictability that investors seek out dividend aristocrats. But despite, there are other dividend stocks out there that are still worth checking out despite not being in this exclusive club.Regardless of the dividend stock's status, investors must consider the following when looking at good dividend stocks to buy: Investors should select a company that has a history of steady increases in dividend distributions, has growing cash flow every year and is still trading a discount or up to fair value.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Reasons to Buy Alphabet Stock Despite Its Earnings Miss With that in mind, here are the seven dividend stocks that are worth your money: Ford (F)Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:F) offers a dividend yielding 5.8%.Source: Shutterstock The selling pressure Ford stock saw near the tail-end of 2018 has been replaced by a bit more optimism in 2019still, a U.S.-led trade war is hurting the stock.But the company's quarterly earnings report offered no evidence that business was so bad the stock deserved to fall. Instead, Ford reported a solid earnings-per-share and revenue beat of 29 cents (non-GAAP) and $40.3 billion, respectively.The economic cycle may hurt auto sales, but Ford is ready to take on the challenging environment. It benefited from a strong product mix in North America. It may even issue a special dividend if truck and SUV sales exceed estimates in 2019. Philip Morris International (PM)Philip Morris International (NYSE:PM) has a dividend yielding 5.84%.Source: Shutterstock Rumors that the U.S. Food and Drug Administration plans to impose restrictions on e-cigarette sales hurt PM's stock price slightly. Still, it is holding up better than other cigarette suppliers, which is why it's one of the solid dividend stocks to buy.Philip Morris is adapting to the change in smoking habits. It continues to invest in its IQOS device, which has helped the company significantly in the longer term. IQOS 2 launched at the end of 2018 in Japan with notable success. By offering an alternative to cigarette smoking as consumers embrace the heated tobacco system, this company will bring in revenue growth quarter-after-quarter. * 7 Dark Horse Stocks Winning the Race in 2019 And with that trend playing out, management may reward its loyal investors by increasing its dividends in the years ahead. Dominion Energy (D)Dominion Energy (NYSE:D) has a dividend yield of 4.97%. The stock rallied from $61.53 and closed recently around $74.Source: Shutterstock The company's stock has started to rise out of its 2019 range, but it still has some legroom to run. Dominion Energy earned $1.15 a share and $3.16 so far for the nine months of the year. Power generation, power delivery and gas infrastructure revenue all came within the guidance range midpoint.Income investors may look forward to the completion of the SCANA merger later this year, as Dominion's business plan includes a diverse growth capital investment program that will spread its business risks.Ultimately, this is one of the dividend stocks to buy because, when you consider that it is starting a variety of businesses, it has an improved risk profile, strong earnings results. Chevron (CVX)Chevron (NYSE:CVX) is a major integrated oil and gas firm. At a yield just shy of 4%, consistency is what makes this one of the best dividend stocks to buy.Source: swong95765 via Flickr (Modified)Chevron's upstream operations found a boost at the end of 2018 going into 2019, earning 828 million -- a vast improvement from a loss of $26 million last year. The unit benefited from crude oil prices moving higher, while the company increased production. * 7 Stocks to Buy As They Hit 52-Week Lows Chevron stock is really closely tied to the price of oil, which has been volatile for the last five years, but the dividend is so reliable as to make that a non-issue. Iron Mountain (IRM)At 7.1%, Iron Mountain Incorporated (NYSE:IRM) offers one of the highest dividend yields on this list of dividend stocks to buy.Source: Shutterstock In its Q1 report, revenue rose 5%, year over year while adjusted EBITDA slid 6%. Iron Mountain benefited from rental revenue growing 2.6% so far this year. Internal service revenue growth of 1.8% is due to grow in the shred business, digitization and special projects.Markets often question the sustainability of Iron Mountain's dividend, but the NOI CAGR of 3.1% for Physical Storage, plus its expansion in emerging markets and data center, suggests the company will grow EBITDA through the end of 2020. If business keeps up at this strong pace, the share price will go up, lowering the dividend yield. But management may just hike the dividend in the future to keep its yield attractive while rewarding its shareholders.The takeaway here is that Iron Mountain is in the process of shifting its business into new segments. It has time to make the conversion because its borrowing was at a fixed-rate, averaging 4.8%. BCE Inc (BCE)Telecom giant BCE Inc (NYSE:BCE) is a Canadian firm whose dividend yields 5.04%.Source: BCE, Inc. Bell allayed fears of any business weakness when it reported a good first-quarter report. It added a little more than 3% to its customer base when compared with Q1 2018. This added more than 2% in revenue growth and 6.9% higher adjusted EBITDA.In 2019, BCE will cut 4% of its management staff (700 positions). The capital intensity ratio will fall along with total cash pension funding. In effect, the cost controls will keep profit margins strong while the firm continues to pay out a dividend to shareholders. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% Sure, investors could consider AT&T (NYSE:T) as an alternative, especially given that the dividend is north of 6%. But since BCE is a pure play in wireless and internet markets, with little exposure to content other than its CTV unit, it has a distinct advantage depending on your investment approach. And for that reason, I chose BCE instead. BP (BP)BP (NYSE:BP) already has added about 10% to its stock price this year and its dividend yields 5.81%.Source: Shutterstock While BP had a rocky 2018, 2019 has seen a little less volatility, given that this is an oil stock. This is because the company is well-prepared for an even bigger drop in oil prices. Over the years, it shed non-core assets, strengthened its balance sheet and continued paying a dividend despite the fluctuations in oil prices. Its underlying cash flow inflow is balanced with the outflow of organic capital expenditure and dividends. Should cash flow fall due to lower oil prices, BP may sustain its dividend but lower spending.To keep growing in the future, BP has five major projects currently in operation: Thunder Horse Northwest Expansion, Western Flank B, Atoll, Taas Expansion and Shah Deniz 2.BP's outlook is bright. It is shedding over $3 billion in assets and spending ~ $15 billion in capital expenditure in 2018. In the upcoming fourth quarter, it forecasts higher production from upstream. Downstream will benefit from higher levels of a turnaround thanks to its Whiting refinery in the U.S.Will oil prices keep falling? No one knows, but BP is prepared.As of this writing, Chris Lau owned shares of F and BP. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post 7 Dividend Stocks That Are Worth Your Money appeared first on InvestorPlace.

  • Benzinga15 days ago

    FDA Issues Guidelines for E-Cig Makers Seeking Approval Of Vape Devices

    Under FDA regulation of e-cigarettes that began in 2016, e-cigarettes, known by the agency as electronic nicotine delivery systems, or ENDS, that were already on the market had to apply for FDA approval to remain available after August 2021.

  • Here’s What Hedge Funds Think About Philip Morris International Inc. (PM)
    Insider Monkey15 days ago

    Here’s What Hedge Funds Think About Philip Morris International Inc. (PM)

    As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and recouped their losses by the end of the first quarter. […]

  • Why Philip Morris Stock Fell 11% Last Month
    Motley Fool19 days ago

    Why Philip Morris Stock Fell 11% Last Month

    Shares of the tobacco giant dipped on negative sales data alongside its peers.

  • Business Wire19 days ago

    Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.14 Per Share

    The Board of Directors of Philip Morris International Inc. (PM) today declared a regular quarterly dividend of $1.14 per common share, payable on July 10, 2019, to shareholders of record as of June 21, 2019. Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke.