|Bid||83.10 x 3200|
|Ask||0.00 x 1800|
|Day's Range||82.20 - 83.56|
|52 Week Range||64.67 - 109.90|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||16.44|
|Forward Dividend & Yield||4.56 (5.57%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Caterpillar, Netflix, Philip Morris International, Altria and Verizon
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.
Why Pyxus International Stock Rose Over 33% after Its Q3 Results(Continued from Prior Part)Third-quarter EPSCompared to its EPS of $9.83 in the third quarter of fiscal 2018, Pyxus International (PYX) reported EPS of -$0.56 in the third quarter of
Why Pyxus International Stock Rose Over 33% after Its Q3 Results(Continued from Prior Part)Third-quarter revenue In the third quarter of fiscal 2019, Pyxus International (PYX) posted revenue of $524.5 million, a rise of 9.8% from $477.8 million in
Why Altria Is Betting Big on JUUL Labs and Cronos Group(Continued from Prior Part)Altria’s valuation multiple Altria Group (MO) posted its fourth-quarter earnings on January 31. During the quarter, the company’s EPS met analysts’ expectations.
Why Pyxus International Stock Rose Over 33% after Its Q3 ResultsThird-quarter performance Pyxus International (PYX) posted its fiscal 2019 third-quarter earnings results after the market closed on February 11. In the quarter, which ended on December
For the fourth consecutive quarter, Philip Morris (NYSE:PM) beat earnings estimates. The New York-based international tobacco company reported higher-than-expected numbers on both the top and bottom lines. Although both profits and revenue fell on a year-over-year basis, investors reacted well to the news, bidding PM stock higher each of the following two days. * 7 Forever Stocks to Buy for Long-Term Gains However, with its high dividend, most investors focus on the payout. The generous yield, along with the 11-year streak of increases, has drawn investors into Philip Morris stock since the beginning. However, investors may want to approach PM stock dividend cautiously, as it faces an unexpected danger. Earnings, Revenue Beat Boosted PM StockFor the fourth quarter, the company reported non-GAAP earnings of $1.25 per share. This came in eight cents ahead of analyst expectations. Despite the higher-than-expected earnings, it still represents a year-over-year drop as PM earned $1.32 per share in the same quarter last year. Revenues of $7.5 billion also beat estimates by $110 million. Still, they fell by 9.5% from last year's $8.29 billion in the year-ago quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors took the news well as PM stock rose by about 1.6% in Thursday trading. It increased by an additional 4.2% on Friday.Much like its former parent Altria (NYSE:MO), PM stock has dealt with the poor reputation and the marginalization of its core product. However, PM tends to maintain its profit growth. The company has also introduced IQOS, a "heat, not burn" smokeless product. It plans to ultimately replace cigarettes with IQOS in the coming years and that may boost profits as well.PM has also maintained steady growth is in its dividend. The company has increased the payout every year since its split off from Altria in 2008. The annual payout for this year will amount to $4.56 per share. This gives today's buyer a yield of about 5.7%.The PM stock price has grown by only 150% of its value since the March 2009 low. Since this significantly lags the 345% increase seen in the S&P 500 over the same period, most stockholders own PM for its dividend. Here investors need to exercise caution. Beware the Payout RatioActivists have long targeted tobacco and have increasingly disliked PM's smokeless alternative. However, the most immediate danger to PM does not lie there. The near-term threat with PM stock lies in its dividend payout ratio -- the percentage of net income paid out in dividends.The dividend payout ratio has risen to over 85%. Consumer defensive issues like Philip Morris stock tend to maintain higher payout ratios. However, even in PM's sector, they typically remain well under 85%. The company's reduced profit should cause concern. If that pace were to continue, PM could place itself in a position where it pays out more in dividends than it earns.Fortunately, analysts believe it can avert this fate. Wall Street forecasts an average growth rate of about 6% per year over the next five years. Alternative lines of business also remain an option. IQOS receives most of the attention in that area. Also, much like Altria invested in Cronos (NASDAQ:CRON), it could enter the cannabis sector. Philip Morris has so far given no indication it has such plans.Still, unless PM sees higher levels of profit growth, dividend growth should remain a major concern. If Philip Morris reports lower revenues and profits, I would recommend getting out before the inevitable dividend cut. The Bottom Line on PM StockThe dividend payout ratio on PM stock poses a more immediate threat to the equity than the reputation of its core product. Philip Morris continues to earn profits. However, the company reported lower profits than last year. This creates a precarious situation, as the company tends to increase its dividend annually and pay out nearly all of its profits in the form of dividends. Any interruption to these increases will devastate PM stock. * 12 2018 Winners That Will Be Big Ol' Losers in 2019 For now, analysts expect profit growth to resume. It has invested heavily in its smokeless product and, like its U.S.-focused counterpart, it could also enter the cannabis market. However, profit growth has become paramount. If profits continue to fall, investors need to smoke PM stock out.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post An Unexpected Danger Could Smoke Philip Morris Stock appeared first on InvestorPlace.
U.S. equities are surging higher again on Tuesday, pushing the Dow Jones Industrial Average off of support near its 200-day moving average to close in on highs set earlier in the month.Catalysts for the optimism include reports of a tentative agreement on border security ahead of a Friday deadline to avoid another government closure, ongoing hopes for a U.S.-China trade deal and ongoing dovish vibes from the Federal Reserve. The Q4 earnings season is winding down as well, which is opening up the share buyback window allowing corporate executives to load up their balance sheets with their own shares once more. * 10 Best Dividend Stocks to Buy for the Next 10 Months While high-growth stocks in areas like technology are leading the way higher, the more conservative dividend stocks are coming along for the ride too. Here are five dividend stocks paying a dividend of 4% or more that are worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil (XOM) Click to EnlargeShares of Exxon Mobil (NYSE:XOM) are enjoying a lift off of support near its 50-day moving average, setting up a run at the 200-day average that hasn't been crossed since December. The company, which pays a 4.4% dividend yield, is benefiting from signs of lift from crude oil as it forms an inverse head-and-shoulders reversal pattern that traces a rally back to levels seen in late October.The company will next report results on May 3 before the bell. Analysts are looking for earnings of 85 cents per share on revenues of $70.4 billion. When the company last reported on Feb. 1, earnings of $1.44 per share beat estimates by 35 cents on an 8.1% rise in revenues. Chevron (CVX) Click to EnlargeShares of Chevron (NYSE:CVX), which pay a 4.1% dividend yield, are challenging their 200-day moving average to cap a near-19% rise off of its late December low. Watch for an extension to the early October high near $126 a share, which would be worth a gain of more than 8% from here. * 10 Stocks That Every 20-Year-Old Should Buy The company will next report results on May 3 before the bell. Analysts are looking for earnings of $1.43 per share on revenues of $38.3 billion. When the company last reported on Feb. 1, earnings of $1.95 beat estimates by 6 cents per share on a 12.6% rise in revenues. Philip Morris (PM) Click to EnlargeShares of Philip Morris (NYSE:PM) have climbed back up and over their 200-day moving average, capping a rise of 23% from the lows seen in late December. The company, which carries a juicy 5.8% dividend yield, has benefited from regulatory and popular scrutiny of new e-cig competitors from the likes of Juul.The company will next report results on May 9 before the bell. Analysts are looking for earnings of $1.03 per share on revenues of $6.8 billion. When the company last reported on Feb. 7, earnings of $1.25 beat estimates by 9 cents per share despite a 9% drop in revenues. IBM (IBM) Click to EnlargeIBM (NYSE:IBM) shares are extending their recent recovery above their 200-day moving average, closing the gapped move lower that they suffered from in the middle of October. IBM stock, which carries a 5.7% dividend yield, is benefiting from a turnaround in sales momentum and positive forward guidance issued by management. * 7 Forever Stocks to Buy for Long-Term Gains The company will next report results on April 23 after the close. Analysts are looking for earnings of $2.2 per share on revenues of $18.8 billion. When the company last reported on Jan. 22, earnings of $4.87 per share beat estimates by 5 cents on a 3.5% decline in revenues. Schlumberger (SLB) Click to EnlargeShares of Schlumberger (NYSE:SLB) are consolidating their recent push above their 50-day moving average, setting up a run at the 200-day average that hasn't been touched since back in August. The company reported a 17% increase in revenues for its production segment while drilling revenue increased by 10% as U.S. shale producers continue to ramp up.The company will next report results on April 18 before the bell. Analysts are looking for earnings of 30 cents per share on revenues of $7.9 billion. When the company last reported on Jan. 18, earnings of 36 cents per share missed estimates by 2 cents on flat revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post 5 Dividend Stocks Making Meaningful Moves Higher appeared first on InvestorPlace.
Key Takeaways from Philip Morris’s Fourth-Quarter Earnings(Continued from Prior Part)Valuation multipleBetter-than-expected fourth-quarter earnings have led to an increase in Philip Morris (PM) stock price, which in turn has raised its forward PE
Editor's note: This story was previously published in September 2018. It has since been updated and republished.In many respects, the top tobacco stocks defy logic. The Surgeon General's Office released its warning about the dangers of tobacco in 1964. Despite a sustained anti-smoking crusade, tobacco stocks continued marching higher. As the climate at home became more hostile, these firms also found new customers overseas.These firms also found other sources of revenue. The latest new source for tobacco stocks? The cannabis industry. Long illegal throughout the world, marijuana continues to gain both acceptance and legal status. Moreover, anyone who pays even scant attention to business news knows marijuana stocks continue to rise. This industry could easily become a new profit center for tobacco companies. Furthermore, tobacco companies know how to navigate the hostile regulatory climate cannabis will face, particularly in the United States.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Reasons You Want Boeing Stock in Your Portfolio Whatever direction the tobacco industry takes, I would not bet on its decline despite the negative public image of cigarettes. With new product lines and creative marketing, I think the following top tobacco stocks should continue to perform well.Source: Peyri Herrera via Flickr (Modified)[/ipm_caption] Altria Group, Inc. (MO)Perhaps no large company defines the top tobacco stocks more than Altria (NYSE:MO). Altria manages to keep profits moving higher, despite its core product's falling popularity. The parent company for brands like Marlboro (in the U.S.) and Parliaments has also emphasized so-called "reduced risk products" such as smokeless tobacco. Moreover, it could profit further if the FDA approves IQOS, a smoke-free cigarette popular in other countries. And, like its counterparts in the beverage industry, Altria has also explored investing in cannabis.All of this will serve to benefit those who want the generous levels of dividend income that MO produces. This track record of payouts goes back decades. Investors who bought in the fall of 1985 and held now make their original investment back every year in dividends alone. For those who reinvest dividends, investors who bought in the spring of 2003 now have achieved the same feat.The company will occasionally pay an outsized payout followed by a dividend reduction. Still, the dividend has risen annually for the last 10 years. Investors buying today will still enjoy a yield of 5.1%.Continuing to pay this dividend should not be an issue in the future either. Analysts predict profits will increase by 6.2% this year. They also project an average of 10.1% annual growth over the next five years. Current earnings also place the forward price-to-earnings (P/E) ratio at 11.4.That allows investors to buy into this generous dividend stream at a discount. Given MO's ability to mitigate the negative sentiment surrounding tobacco, and its potential in the cannabis industry, I think these benefits will accrue for years to come.Source: Shutterstock [/ipm_caption] Philip Morris International, Inc. (PM)Philip Morris International (NYSE:PM) spun off from Altria in 2008. As the name implies, it operates primarily outside of the U.S., despite the Manhattan address of its headquarters. Among top tobacco stocks, it remains best known for retaining the right to market Marlboro cigarettes outside of the U.S. (Altria holds the U.S. rights).While it remains a similar company to Altria in many respects, the non-U.S. focus gives it the advantage of not having to deal directly with federal regulation. As a result, it has led the way in IQOS in other countries. Its non-U.S. focus also gives this company an advantage over Altria if it wants to make deals with cannabis companies.Due to its offshore focus, Phillip Morris International now exceeds the size of its original parent company. It holds a market cap of about $121 billion, slightly larger than Altria's market cap of about $90 billion. The forward P/E of 14.8 comes in somewhat higher than Altria. However, with its five-year average PE of 20.3, it usually trades at a slight premium to its former parent.On the dividend front, it lags the long-term history of Altria, but little else. This payout has risen every year since the company's 2008 spinoff. The recent increase takes the annual dividend to the equivalent of $4.56 per share, a yield of over 6%. * 7 Reasons You Want Boeing Stock in Your Portfolio Despite the accolades, the PM stock price has fallen steadily since achieving a high of $122.90 per share in June 2017. It now trades almost 33% below this level. However, with its generous dividend, I think it presents a buying opportunity. If Phillip Morris International enters the marijuana business, investors can profit from both a high payout and hopefully, a rising stock price.Source: Shutterstock [/ipm_caption] Universal Corp. (UVV)Universal Corporation (NYSE:UVV) operates in a different segment than other top tobacco stocks. The company processes tobacco. It buys the plant directly from producers, refines it, and then sells it to product manufacturers.Given the overall decline of tobacco use throughout the world, I would typically take a cautious view on such a company. However, the company processes other products besides tobacco.Potentially, Universal could revive its fortunes by making a modest pivot into cannabis. Since it already processes other products, shifting into weed should not create any major operational shifts. Moreover, it also controls a supply chain useful for both procuring and distributing its product. This supply chain extends to over 30 countries on five different continents.Although the company has yet to announce such a move, investors may already have noticed this potential. UVV stock shot higher in the middle of last year as its operating income rose despite its falling sales. The stock subsequently lost most of its mid-2018 gains.The company remains small, as UVV's market cap is around $1.4 billion.Its current P/E to about 12, while its dividend stands at $3 per share. This amounts to a yield of 5.4%. It has raised its dividend for 46 consecutive years.As a smaller company that processes tobacco, Universal might seem like a strange pick at first glance. However, its varied product base, small size and large dividend make UVV stock an intriguing play among top tobacco stocks.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monster Growth Stocks to Buy for 2019 and Beyond * 7 Cloud Stocks To Buy Now * 5 Undervalued Stocks to Invest In Compare Brokers The post 3 Top Tobacco Stocks Still Burning Strong appeared first on InvestorPlace.
The tobacco giant has felt the pinch of falling cigarette volumes, but Wells Fargo’s Bonnie Herzog argues that strong pricing power can offset this trend.
Key Takeaways from Philip Morris’s Fourth-Quarter Earnings(Continued from Prior Part)Fourth-quarter performance In the fourth quarter, Philip Morris International (PM) posted EPS of $1.23. However, excluding special or one-time items, the
Key Takeaways from Philip Morris’s Fourth-Quarter Earnings(Continued from Prior Part)Fourth-quarter performanceIn the fourth quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.39
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Philip Morris (PM) have what it takes? Let's find out.
Key Takeaways from Philip Morris’s Fourth-Quarter EarningsFourth-quarter earningsPhilip Morris International (PM) posted its fourth-quarter earnings on February 7. For the quarter ended on December 31, the company posted adjusted EPS of $1.25 on
Philip Morris International Inc NYSE:PMView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PM totaled $17.66 billion. Additionally, the rate of outflows appears to be accelerating. 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 | PositiveThe current level displays a positive 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 firstname.lastname@example.org.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.
Philip Morris CEO André Calantzopoulo spoke to Barron’s after the companies earnings release on Thursday. “There is room for all kinds of products to coexist,” he says.