Philip Morris
About: Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US. With the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokeable products but also gained a toehold into the US to sell its iQOS heatsticks.
Employees: 82,700
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
86% more first-time investments, than exits
New positions opened: 248 | Existing positions closed: 133
25% more call options, than puts
Call options by funds: $1.08B | Put options by funds: $871M
17% more capital invested
Capital invested by funds: $128B [Q2] → $150B (+$22B) [Q3]
8% more funds holding in top 10
Funds holding in top 10: 59 [Q2] → 64 (+5) [Q3]
5% more funds holding
Funds holding: 2,178 [Q2] → 2,293 (+115) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 837 | Existing positions reduced: 864
1.7% less ownership
Funds ownership: 81.33% [Q2] → 79.62% (-1.7%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$103
22%
downside
Avg. target
$131
1%
downside
High target
$155
17%
upside
10 analyst ratings
7 positive
70%
0 neutral
0%
3 negative
30%
Barclays Gaurav Jain 67% 1-year accuracy 2 / 3 met price target | 17%upside $155 | Overweight Maintained | 30 Oct 2024 |
JP Morgan Jared Dinges 0 / 0 met price target | 9%upside $145 | Overweight Maintained | 23 Oct 2024 |
Stifel Matthew Smith 63% 1-year accuracy 17 / 27 met price target | 9%upside $145 | Buy Reiterated | 23 Oct 2024 |
UBS Faham Baig 20% 1-year accuracy 1 / 5 met price target | 21%downside $105 | Sell Maintained | 23 Oct 2024 |
UBS Faham Baig 20% 1-year accuracy 1 / 5 met price target | 22%downside $103 | Sell Maintained | 15 Oct 2024 |
Financial journalist opinion
Based on 19 articles about PM published over the past 30 days
Neutral
The Motley Fool
1 day ago
Billionaire Stanley Druckenmiller Sold 95% of Duquesne's Stake in Palantir and Is Piling Into This High-Yield Dividend Stock Instead
Less than three weeks ago, investors received what can arguably be described as the most-important data dump of the third quarter. Amid countless earnings reports and economic data releases, Nov. 14 marked the deadline for institutional investors to file Form 13F with the Securities and Exchange Commission.
Positive
Seeking Alpha
3 days ago
Philip Morris Continues To Reward Shareholders
Philip Morris International's strong Q3 2024 results show 2.9% organic shipment volume growth and double-digit revenue increase, highlighting its resilience in a tough market. The company's smoke-free portfolio drives growth with a 17% net revenue increase and 20% gross profit growth, outpacing its traditional combustible segment. Despite industry decline, Philip Morris expects $15 billion in 2024 smoke-free net revenues and 7.5% YoY EPS growth, supporting strong shareholder returns.
Neutral
Business Wire
1 week ago
Philip Morris International Marks a Decade of IQOS—a Milestone in the Journey to a Smoke-Free Future
STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) marks the 10th anniversary of the introduction of its leading smoke-free product, IQOS. The launch of this smoke-free innovation was a breakthrough moment toward achieving the company's commitment to a future without cigarettes. In Japan—the first market where IQOS was launched in 2014—newly released public health data by the National Health and Nutritional Survey (NHNS),i an annual nationwide health examination su.
Neutral
GlobeNewsWire
1 week ago
The Ministry of the Interior and Safety in Korea Promotes its Support Services for Households in crisis with Philip Morris Korea
SEOUL, Korea, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Ministry of the Interior and Safety in Korea is taking a significant step to support households in crisis by collaborating with Philip Morris Korea. The Ministry and Philip Morris Korea agreed on including informative messages inside the packaging of four major products from Philip Morris Korea to inform consumers about available support services.
Positive
Seeking Alpha
1 week ago
Philip Morris: Market Dominance In Smoke-Free Products Driving A Compelling Growth Story
Philip Morris International is a wide-moat stock with significant upside due to its best-in-class smoke-free product portfolio and international exposure. The company's acquisition of Swedish Match and its strong financial performance, including robust EPS growth, support my strong buy rating. Despite inferior dividend metrics compared to competitors, PM's exemplary capital allocation has positioned it well for future growth and dividend acceleration.
Positive
The Motley Fool
1 week ago
Billionaires Are Buying Up This Millionaire-Maker Stock
Tobacco is traditionally a sleepy sector known for high dividend yields and a recession-proof business model, but one tobacco stock has delivered a surprising breakout this year. Philip Morris International (PM -0.93%) is up 38% so far in 2024 as it has successfully pivoted to next-generation smoke-free products, including Iqos heat-not-burn sticks and Zyn nicotine pouches.
Positive
The Motley Fool
1 week ago
3 Supercharged Growth Stocks That Billionaires Are Buying
Investors don't have to make guesses about where to put their money in the stock market. Billionaire investors conduct careful research into every stock they buy, which is why it's worth checking out what they are buying (or selling).
Negative
Zacks Investment Research
2 weeks ago
Why Is Philip Morris (PM) Down 0.8% Since Last Earnings Report?
Philip Morris (PM) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
2 weeks ago
PM Stock Rallies 30% in 6 Months: What Should Investors Do Next?
Philip Morris is driving strong growth through its smoke-free transformation, supported by innovation, global expansion, pricing power, and disciplined cost management.
Positive
Seeking Alpha
2 weeks ago
Dividend Income: Lanny's October 2024 Summary
Big Oil with BHP Billiton came big with a massive dividend. Canadian Imperial, one of the big 6 Canadian banks, sent a massive $210 dividend my way. There are a few less names now in 2024 than 2023, such as MDU Resources and Haleon.
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