PM - Philip Morris International Inc.

NYSE - NYSE Delayed Price. Currency in USD
88.69
+0.13 (+0.15%)
At close: 4:00PM EST
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Previous Close88.56
Open88.58
Bid0.00 x 800
Ask88.98 x 800
Day's Range87.74 - 88.88
52 Week Range69.27 - 92.74
Volume5,908,432
Avg. Volume4,454,369
Market Cap137.99B
Beta (5Y Monthly)1.03
PE Ratio (TTM)18.49
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield4.68 (5.28%)
Ex-Dividend DateDec. 16, 2019
1y Target EstN/A
  • Altria Focuses on Pricing & RRPs Amid Low Cigarette Volumes
    Zacks

    Altria Focuses on Pricing & RRPs Amid Low Cigarette Volumes

    Altria's (MO) expansion in RRPs and focus on pricing bode well amid declining cigarette shipment volumes.

  • Philip Morris Battles Low Cigarette Volumes, Pricing Aids
    Zacks

    Philip Morris Battles Low Cigarette Volumes, Pricing Aids

    Philip Morris' (PM) performance is bearing adverse impacts of declining cigarette sales volume. However, expansion in RRPs and strong pricing are significant upsides.

  • What Does Philip Morris International Inc.'s (NYSE:PM) Share Price Indicate?
    Simply Wall St.

    What Does Philip Morris International Inc.'s (NYSE:PM) Share Price Indicate?

    Philip Morris International Inc. (NYSE:PM) saw a double-digit share price rise of over 10% in the past couple of...

  • Tobacco Industry Outlook Cushioned by RRP Strength & Pricing
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    Tobacco Industry Outlook Cushioned by RRP Strength & Pricing

    Tobacco Industry Outlook Cushioned by RRP Strength & Pricing

  • The Zacks Analyst Blog Highlights: Facebook, Alibaba, Mastercard, Abbott Laboratories and Philip Morris International
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    The Zacks Analyst Blog Highlights: Facebook, Alibaba, Mastercard, Abbott Laboratories and Philip Morris International

    The Zacks Analyst Blog Highlights: Facebook, Alibaba, Mastercard, Abbott Laboratories and Philip Morris International

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  • Big Tobacco Is Living on a Vape and a Prayer
    Bloomberg

    Big Tobacco Is Living on a Vape and a Prayer

    (Bloomberg Opinion) -- The next big thing for big tobacco has turned into a bit of a nightmare. Vaping took off as a potentially healthier alternative to smoking for adults looking to kick the habit. But then it caught on with a whole new generation, sparking a teen epidemic in the U.S and fears that they could graduate to smoking traditional cigarettes. Matters worsened with a spate of illnesses among some users of electronic cigarettes, raising questions about the safety of vaping for young and old.In the U.K., the fallout from declining sales of tobacco alternatives across the Atlantic has hit British American Tobacco Plc and Imperial Brands Plc hard. Now as new management teams at both companies try to figure out what’s the best strategy back to growth, their fortunes will be driven more by regulations in the U.S. than their business closer to home. But this doesn’t have to be bad news. Heightened scrutiny in the U.S. can dispel concerns about safety, and eventually pave the way for companies to expand their vaping technology to devices that deliver cannabis, vitamins and medicines. Vaping first came under scrutiny for its appeal to teenagers. Altria Group Inc.-backed Juul Labs Inc., has been besieged by lawsuits accusing it of using sweet fruit and candy flavors to overtly target under-aged users. The situation escalated over the summer, after a spate of illnesses and deaths related to electronic-cigarette use. ECigIntelligence, a data provider, now forecasts a 13% decline in the U.S. vaping market in 2020. Previously it had forecast an increase of more than 10%.As the world’s biggest vaping market, accounting for about 45% of global sales in 2019, it’s little wonder the U.S. slowdown is hurting. Imperial, which sells Winston cigarettes in the U.S., warned on profit in September, and parted company with its chief executive officer, Alison Cooper, a week later. BAT, maker of Dunhill and Lucky Strike cigarettes, recently said sales growth from its new generation products would be at the lower end of its forecast range of 30%-50%. A few months earlier, it had guided to the midpoint.With the scrutiny of vaping, having a broad-based portfolio of tobacco alternatives is crucial. Here BAT is well placed, having invested $4 billion over the past five years. Seven months since becoming CEO, Jack Bowles has reorganized its alternatives into three global brands: Glo for heated tobacco, Vuse for vaping and Velo for oral nicotine products. That shows commitment and urgency. It’s still not clear which category, if any, will be the winner, so having options on each is wise.Vaping probably has the most long-term potential. In the meantime, heat not burn options may come to prominence, especially as they haven’t been drawn into the controversy. They’re already popular in Japan, but with Philip Morris International Inc. now selling its IQOS device in the U.S. too, BAT may need to spend more in this area.The $49 billion purchase of the shares it did not already own in Reynolds American Inc. in 2017 stretched BAT’s balance sheet, pushing net debt to more than 6 times Ebitda. But leverage has come down to around 3.5 times, according to an estimate by Bloomberg Intelligence analyst Duncan Fox. That’s still high, but it gives Bowles more scope to invest and pay the dividend.Rival Imperial has made a big bet on vaping with its Blu brand, while it also has a strong position in oral tobacco. But it was late into heat not burn, only launching Pulze in Japan in May. Whoever succeeds Cooper as CEO will need to decide whether to expand in this category, or double down on vaping.  Either way, it will mean more investment. For that, the new CEO can draw on the cash generated by the traditional cigarette business, an up to 2 billion-pound asset disposal program and a new dividend policy. The company will return any additional cash to shareholders through buy-backs. It should divert at least some of this into tobacco alternatives instead.Both companies should take care not to create a teen vaping craze at home. After complaints from the Campaign for Tobacco-Free Kids and other organizations, the U.K.’s advertising regulator this month banned BAT from using public Instagram accounts to promote smoking alternatives like e-cigarettes. However, it didn’t find that the company had designed ads specifically to target youth.At least investment decisions could be made against a calmer market backdrop in the U.S. There’s a growing consensus that the vaping-related illnesses and deaths involved vaping oils carrying the psychoactive ingredient in cannabis, tetrahydrocannabinol or THC. The U.S. Food and Drug Administration has warned against using black-market products.In 2020, new U.S. regulations will require companies to submit applications by May to keep their e-cigarettes on the market. Big tobacco has the resources to go through this complicated and expensive process. Smaller producers may not. Over about the next 12 months, this regime could reduce some of the competitive pressures on big tobacco. But in both tobacco and newer alternatives, it’s not going to be plain sailing. Numerous U.S. states have outlawed some kinds of e-cigarettes, and although a federal ban on vape flavors aside from tobacco now looks less likely after backtracking by President Donald Trump, it can’t be ruled out. Meanwhile, at some point, U.S. regulators may return their attention to efforts to reduce the amount of nicotine  and ban menthol flavors in traditional cigarettes, bringing more pain to what remains tobacco companies’ biggest and most profitable segment by far. (Michael Bloomberg, founder and majority owner of Bloomberg News parent Bloomberg LP, has campaigned for and given money in support of a nationwide ban in the U.S. on flavored e-cigarettes and tobacco.)Pressure there, and everywhere, could bring more industry hook ups. Philip Morris International and Altria in September ended their brief merger flirtation. Such talks could always come back onto the agenda again or the two may look abroad. Imperial has long been seen as a takeover target, with Japan Tobacco Inc. considered the most likely buyer. A new Imperial CEO may walk in the door only to find that there is a predator hard on the company’s heels.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Philip Morris (PM) Gains But Lags Market: What You Should Know
    Zacks

    Philip Morris (PM) Gains But Lags Market: What You Should Know

    Philip Morris (PM) closed the most recent trading day at $85.99, moving +0.34% from the previous trading session.

  • Philip Morris (PM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Philip Morris (PM) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Philip Morris (PM) closed at $84.67, marking a +0.74% move from the previous day.

  • Reuters

    Philip Morris' life insurer Reviti looks to Japan's vaping market

    Reviti Chief Executive Dan Pender told Reuters that the insurer was spending time looking at the Japanese market because it has a significant number of people who smoke and boasts many vaping products. Most insurers have long treated smokers and vapers the same, meaning they can pay close to double the premiums of non-smokers. Philip Morris' iQOS heat-not-burn product dominates Japan, which has emerged as a fertile test ground for the vaping industry, offering opportunities for the start-up insurer to grow.

  • Thomson Reuters StreetEvents

    Edited Transcript of PM earnings conference call or presentation 17-Oct-19 1:00pm GMT

    Q3 2019 Philip Morris International Inc Earnings Call

  • Is Philip Morris International (PM) Stock Outpacing Its Consumer Staples Peers This Year?
    Zacks

    Is Philip Morris International (PM) Stock Outpacing Its Consumer Staples Peers This Year?

    Is (PM) Outperforming Other Consumer Staples Stocks This Year?

  • The Zacks Analyst Blog Highlights: Abbott, Philip Morris, Lowe's, Equinix and Kinder Morgan
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    The Zacks Analyst Blog Highlights: Abbott, Philip Morris, Lowe's, Equinix and Kinder Morgan

    The Zacks Analyst Blog Highlights: Abbott, Philip Morris, Lowe's, Equinix and Kinder Morgan

  • Top Analyst Reports for Abbott, Philip Morris & Lowe's
    Zacks

    Top Analyst Reports for Abbott, Philip Morris & Lowe's

    Top Analyst Reports for Abbott, Philip Morris & Lowe's

  • Why Is Philip Morris (PM) Up 6.2% Since Last Earnings Report?
    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.

  • Sysco (SYY) Hikes Dividend: What Else You Should Know?
    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.

  • Sysco Adds Hawaiian Distributors to FreshPoint Business
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    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.

  • 'We vape. We vote': Pro-vaping groups protest flavor ban
    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.

  • Tyson Foods (TSN) Q4 Earnings Miss Estimates, Sales up Y/Y
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    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.

  • Trump to meet with vaping industry on vaping, e-cigarettes
    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.

  • Philip Morris Trims View on Berlin Plant Closure Charges
    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.

  • Altria Gives Juul Labs Update, Stock Gets Beating
    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.

  • Why Altria Could Jump on Its Q3 Earnings Beat
    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.