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Philip Morris: King Of The Tobacco Jungle - Minimal Upside/ Dividends Here
Seeking Alpha· 2024-10-29 15:00
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within th ...
Philip Morris: The Strategy Is Finally Paying Off
Seeking Alpha· 2024-10-28 18:41
I am a 35-year stock market investor, MBA, and retired reporter and editor for the San Francisco Chronicle. I also was a featured investor with the investment app Netvest. My primary style is a mix of growth and income, with attention to special situations.Analyst’s Disclosure: I/we have a beneficial long position in the shares of PM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than ...
Philip Morris: This 4% Yield Is A Hold
Seeking Alpha· 2024-10-28 05:45
Shares of Philip Morris International (NYSE: PM ) hit a new all-time high last week after the tobacco company submitted a better than expected earnings report card for the third-quarter. The tobacco firm presented a strong outlook for the full-year as well Analyst's Disclosure: I/we have a beneficial long position in the shares of MO, BTI, PM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (o ...
Billionaire Stanley Druckenmiller Bet Big on This High-Yield Dividend Stock, and It's Up 41% This Year. Is It Too Late to Buy?
The Motley Fool· 2024-10-27 07:21
This tobacco stock keeps going up. Stanley Druckenmiller is one of the greatest investors of all time. As the manager of Duquesne Capital Management for nearly three decades, from 1981 to 2010, he generated an average annual return of 30% and never had a losing year. Druckenmiller also worked closely with George Soros, helping to "break the Bank of England" through a massive short bet on the pound in 1992. These days, Druckenmiller is retired as a hedge fund manager, but he still manages his own money throu ...
Philip Morris International Hits All-Time Highs. Is It Too Late to Buy the Stock?
The Motley Fool· 2024-10-26 20:00
Zyn continues to power the company's growth. The tobacco space hasn't been viewed as a place to find growth stocks in a very long time. However, Philip Morris International (PM -2.21%) may be changing that narrative as its smoke-free business continues to drive tremendous momentum for the company. The stock recently hit an all-time high on the back of yet another strong quarter and is up over 40% year to date. Let's dig into the tobacco company's third-quarter results to see if the stock's rise can continue ...
Philip Morris Hits Record High on Q3 Earnings Beat: ETFs in Focus
ZACKS· 2024-10-25 20:06
The year 2024 is turning out to be strong for Philip Morris International (PM) . The tobacco giant surged about 44% from mid-April to early September, rebounding from a downturn earlier in the year.Philip Morris International (PM) posted robust third-quarter 2024 results on Oct. 22, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. The cigarette maker was experiencing a downtrend, declining approximately 6.7% from early September before rebounding with a surge ...
PMI(PM) - 2024 Q3 - Quarterly Report
2024-10-24 12:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33708 Philip Morris International Inc. (Exact name of registrant as specified in its charter) | --- | --- ...
Philip Morris' Q3 Driven By Smoke-Free Products Amid Rising Market Share In Key Regions: Analyst Forecasts Growth Across IQOS And ZYN Brands
Benzinga· 2024-10-23 19:10
Stifel analyst Matthew E. Smith reiterated a Buy rating on Philip Morris International Inc PM, raising the price forecast to $145 from $138.Yesterday, the Marlboro maker reported third-quarter revenue of $9.91 billion, up 8.4% year over year, beating the consensus of $9.69 billion.Smith writes that growth in smoke-free products is driving both organic revenue growth and margin expansion.Net revenues increased by 11.6% on an organic basis, mainly reflecting a favorable pricing variance, primarily due to high ...
Philip Morris International Pops; Yield Drops
Seeking Alpha· 2024-10-23 18:00
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Philip Morris (PM) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-10-23 17:51
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 great growth stock is not easy at all.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, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Sty ...