Philip Morris

PM

Market cap $258B

Amazon is seeing strong operating leverage in its e-commerce business, while AWS growth is starting to accelerate. Philip Morris International is a strong growth stock in a defensive industry.

Philip Morris earns a tentative buy rating, supported by robust margins and very strong smoke-free segment growth. The stock trades at a premium 22x earnings multiple, reflecting high market optimism for future sales and profit expansion. Regulatory risks in the near future, particularly in the EU, require close monitoring, as they could undermine the bullish thesis.

Philip Morris International is transforming into a smoke-free leader, with 41% of revenue now from smoke-free products. PMI's adjusted diluted EPS has surged 16% YTD, driven by robust SFP adoption, pricing power, and margin expansion. Shares trade at a forward P/E of 18.2, about 4% below a fair value estimate of $158, implying 14% upside through 2026.

MO and PM push smoke-free growth, using pricing power, innovation and discipline to navigate declining cigarette demand and reshape tobacco's future.

In October, we (my wife and I) received a dividend income total of $3,948.78. Crushing it for an off-month – thanks to Vanguard (VOO) and Fidelity (FXAIX) for paying in October. We had quite a few dividend increases this month. So fortunate to be getting raises from companies and having the stocks of companies I own do all of the work. In total, dividend increases created $92.48 in additional passive dividend income.

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (NYSE: PM) today declared a regular quarterly dividend of $1.47 per common share, payable on January 14, 2026, to shareholders of record as of December 26, 2025. The ex-dividend date is December 26, 2025. For more details on stock, dividends and other information, see www.pmi.com/dividend. Philip Morris International: A Global Smoke-Free Champion Philip Morris International is a leading in.

Philip Morris International operated outside the U.S. for years, but has entered the market with smoke-free products. Sales of Iqos Iluma in the United States could be a game changer once approved.

An upcoming spinoff could unlock tremendous value for investors in high-yielder Kraft Heinz. Kimberly-Clark's planned merger with Johnson & Johnson spinoff Kenvue may bode well for future dividend growth and price appreciation.

European Union officials have held multiple, undisclosed meetings with the tobacco industry, which uses political connections to try to influence policy in the bloc and beyond, a report by campaign groups published on Wednesday found.

Especially lately, investors have cheered the company's pivot into next-generation products. It sells proportionally more of these than some of its top rivals.