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Here is Why Growth Investors Should Buy Philip Morris (PM) Now
ZACKS· 2024-08-14 17:47
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made ...
What Is the Dividend Payout for Philip Morris?
The Motley Fool· 2024-08-12 15:18
Philip Morris' stock offers a high dividend yield.Tobacco company Philip Morris International (PM 0.15%) has increased dividends annually since it was spun off from Altria Group in 2008. The board of directors last raised the payment in October.It's important to look beyond the current level and past increases, however. While everyone likes higher payouts, particularly dividend-seeking investors, it's imperative for investors to do some digging to see if Philip Morris can sustain the payment.The dividendPhi ...
If You Have to Buy a Cigarette Maker, Here Are 3 Reasons Why It Should Be Philip Morris International Stock
The Motley Fool· 2024-08-05 08:40
There are three notable cigarette companies you could buy, but one of them seems to be way ahead of the pack right now.If you are looking at cigarette makers, you have probably been attracted by Altria's (MO 2.10%) ultra-high 7.7% yield and British American Tobacco's (BTI 1.53%) even more generous 8.4%. Although Philip Morris International (PM 0.31%) doesn't have nearly as high a yield, at "just" 4.5%, it is probably a better all-around option in the tobacco space.Here are three key reasons why.1. Philip Mo ...
Forget Real Estate: Invest $25,000 in This Ultimate Dividend Growth Stock and Get $1,000 in Passive Income
The Motley Fool· 2024-08-03 14:40
Investors get a growing stream of income with this dividend stock with much less work than owning real estate.It seems like everyone around you is telling you to invest in real estate. A barrage of influencer content constantly hits the media platforms telling you to put your savings into real estate investments to build passive income. Passive income is income earned from an investment without doing any extra work. All you have to do is sit back and let the money roll in -- or so the story goes.But is buyi ...
Philip Morris (PM) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-08-02 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
Philip Morris Beats Expectations in Q2: ETFs in Focus
ZACKS· 2024-07-30 21:56
Core Viewpoint - Philip Morris International (PM) reported strong second-quarter 2024 results, with both top and bottom lines exceeding Zacks Consensus Estimates, driven by robust pricing and success in its smoke-free business, particularly IQOS and ZYN [1][2]. Group 1: Q2 Performance - Adjusted earnings per share (EPS) for Q2 2024 were $1.59, a decrease of 0.6% year over year, but above the Zacks Consensus Estimate of $1.55. Excluding currency effects, adjusted EPS increased by 10.6% year over year to $1.77 [2]. - Net revenues reached $9.47 billion, reflecting a 5.6% increase on a reported basis and a 9.6% increase on an organic basis, surpassing the Zacks Consensus Estimate of $9.16 billion by 3.38% [2]. - Operating income for the quarter was $3.44 billion, marking a significant organic increase of 46.6% compared to the previous year [2]. - Total cigarette volumes grew by 2.8% year over year to 197.3 billion units, driven by a 13.1% increase in heated tobacco unit (HTU) shipments and a 20% rise in oral smoke-free products across all regions [2]. Group 2: Smoke-Free Business - The smoke-free business accounted for 38.1% of PM's total net revenues, indicating the company's commitment to transitioning into a smoke-free enterprise. The smoke-free business experienced year-over-year organic growth of 18.3%, with gross profits increasing by 22.2% organically [3]. Group 3: Guidance - For 2024, PM anticipates adjusted EPS in the range of $6.33 to $6.45, compared to $6.01 in 2023. Excluding currency movements, adjusted EPS is projected to be between $6.67 and $6.79, indicating an 11-13% growth from the previous year [4]. - The company expects net revenues to grow by 7.5-9% on an organic basis and anticipates an 11-13% organic growth in operating income for 2024 [4].
Philip Morris: 5% Yield Is Now Too Expensive (Rating Downgrade)
Seeking Alpha· 2024-07-30 04:50
bleexShares of Philip Morris International (NYSE:PM) reached a new 1-year high after the tobacco company beat second-quarter earnings estimates last week, chiefly because the tobacco firm makes continual gains in the smoke-free product segment. Philip Morris is seeing strong growth for its heated tobacco and electronic cigarette products and the company reported gross margin gains in Q2. Since Philip Morris is a deeply profitable tobacco franchise and is seeing positive growth momentum, the firm raised ...
Looking for a Growth Stock? 3 Reasons Why Philip Morris (PM) is a Solid Choice
ZACKS· 2024-07-29 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
Philip Morris International: Time to Buy the Ultimate Dividend Growth Stock?
The Motley Fool· 2024-07-28 09:00
There is plenty of room for this dividend to grow over the next decade.We have entered a new age of nicotine consumption. Led by Philip Morris International (PM 0.14%), consumers around the globe are turning from traditional cigarettes to safer ways to maintain their nicotine habits. The global tobacco giant is smartly cannibalizing its existing cash cow to position itself to dominate new markets in the coming decades.Reporting second-quarter earnings on July 23, Philip Morris showed strong growth yet again ...
Huge News For Philip Morris International Stock: Here's What Comes Next
The Motley Fool· 2024-07-27 22:08
The tobacco giant is replacing profits with new nicotine products.The last few years have seen a ton of disruption in the nicotine space. After decades of stable market share from cigarettes, cigars, and chewing tobacco, companies are innovating and changing the sector with new nicotine products that reduce tobacco-related health risks. One company is investing in both sides of the industry: Philip Morris International (PM 0.14%).The company is the owner of the international Marlboro brand. It has scooped u ...