Philip Morris
PM

$113.36

0.23%

Market Cap: 176B

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

Consumer Staples Cigarettes

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

0

News positive %

of 37 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

26% more call options, than puts

Call options by funds: $511M | Put options by funds: $407M

0.37% less ownership

Funds ownership: 78.73% [Q4 2023] → 78.36% (-0.37%) [Q1 2024]

1% less funds holding

Funds holding: 2,097 [Q4 2023] → 2,081 (-16) [Q1 2024]

3% less capital invested

Capital invested by funds: $115B [Q4 2023] → $112B (-$3.46B) [Q1 2024]

8% less repeat investments, than reductions

Existing positions increased: 791 | Existing positions reduced: 861

10% less first-time investments, than exits

New positions opened: 144 | Existing positions closed: 160

19% less funds holding in top 10

Funds holding in top 10: 54 [Q4 2023] → 44 (-10) [Q1 2024]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$88

23%

downside

Avg. target

$114

0%

upside

High target

$125

10%

upside

6 analyst ratings

5 positive

83%

1 neutral

17%

0 negative

0%

Deutsche Bank Gerry Galagher	4%upside $118	Buy Maintained	25 Jul 2024
JP Morgan Jared Dinges	10%upside $125	Overweight Maintained	25 Jul 2024
B of A Securities Lisa Lewandowski	4%upside $118	Buy Maintained	24 Jul 2024
Stifel Matthew Smith	6%upside $120	Buy Maintained	24 Jul 2024
Stifel Matthew Smith	1%upside $115	Buy Maintained	24 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 37 articles about PM published over the past 30 days

Philip Morris: Double-Digit Upside Still Possible - Thanks To Robust Tobacco Monetization

PM continues to demonstrate why it is the best of breed tobacco stock, thanks to its growing combustible sales volume and the Smoke-Free approaches already accretive to its top/ bottom-lines. Our previous ZYN thesis has also played out as expected, attributed to the double digit YoY growth in its nicotine pouch sale volume globally in FQ2'24. With the management already guiding higher US nicotine pouch sales volume and capex in 2024, ZYN may remain a growth driver moving forward, thanks to the Swedish Match acquisition.

Philip Morris: Double-Digit Upside Still Possible - Thanks To Robust Tobacco Monetization

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Philip Morris: Strong Sales, Lower Health Risks From Smokeless Products

Philip Morris is shifting towards smoke-free products to reduce harm caused by smoking, aiming for smokeless products to generate over two-thirds of total net revenues by 2030. Strong performance in 2Q with increased demand for Zyn nicotine pouches led to a raised forecast for net income growth. Despite the controversial past, Philip Morris' shares continue to be a strong buy, with impressive revenue growth and transition towards smoke-free products showing promising results.

Philip Morris: Strong Sales, Lower Health Risks From Smokeless Products

The Motley Fool

Philip Morris's Latest Earnings Call Is Boosting the Stock, but Do Tobacco Products Have Long-Term Staying Power?

Management reported a strong Q2 with solid performance from core tobacco and impressive growth from smokeless products. The cigarette business remains in a long-term downtrend.

Philip Morris's Latest Earnings Call Is Boosting the Stock, but Do Tobacco Products Have Long-Term Staying Power?

Philip Morris: There Is Still Some Value Left

Shares of Philip Morris International have outperformed the S&P 500 since my previous buy rating. The blue-chip's net revenue and currency-neutral adjusted diluted EPS climbed higher in the second quarter. PM's leverage ratio makes it financially sound.

Philip Morris: There Is Still Some Value Left

Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields

Philip Morris Gains on Earnings Beat, Raised Outlook

Philip Morris International (PM) shares rose Tuesday to their highest level in more than two years after the tobacco giant posted better-than-expected results and raised its full-year outlook on growing demand for its smokeless products.

Philip Morris Gains on Earnings Beat, Raised Outlook

Zacks Investment Research

Philip Morris (PM) Ups View on Q2 Earnings Beat: Pricing Aids

Philip Morris' (PM) second-quarter 2024 results reflect continued strength in pricing and the company's smoke-free business. Management raises guidance despite adverse currency fluctuations.

Philip Morris (PM) Ups View on Q2 Earnings Beat: Pricing Aids

Philip Morris International Inc. (PM) Q2 2024 Earnings Call Transcript

Philip Morris International Inc. (NYSE:PM ) Q2 2024 Results Conference Call July 23, 2024 9:00 AM ET Company Participants James Bushnell - VP, IR, and Financial Communications Emmanuel Babeau - Chief Financial Officer Conference Call Participants Gaurav Jain - Barclays Bonnie Herzog - Goldman Sachs Matt Smith - Stifel Faham Baig - UBS Owen Bennett - Jefferies Callum Elliott - Bernstein Priya Ohri-Gupta - Barclays Operator Good day, and thank you for standing by. Welcome to the Philip Morris International Inc. 2024 Second Quarter Results Conference Call.

Philip Morris International Inc. (PM) Q2 2024 Earnings Call Transcript

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco business.

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

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