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Phillip Morris International has successfully pivoted its business away from cigarettes. The cigarette unit still has a lot of pricing power.

Philip Morris (PM) benefits from its focus on a smoke-free transition and strategic priorities amid soft cigarette volumes and cost concerns.

Philip Morris International is experiencing strong growth in its smoke-free product segment, particularly in heated tobacco products. The company has ambitious growth targets for its tobacco-free products and expects to generate two-thirds of its net revenues from non-traditional products by 2030. Philip Morris' non-traditional products have better unit economics, leading to income upside and dividend growth for the company and its shareholders.

Smokeless products Zyn and Iqos are strong growth drivers for the company. Smokeless products have better unit economics than cigarettes.

In the most recent trading session, Philip Morris (PM) closed at $89.48, indicating a -0.69% shift from the previous trading day.

Philip Morris is about to launch its IQOS heat-not-burn product in Texas, entering the U.S. for the first time. The move comes after Altria failed to introduce IQOS.

Philip Morris could generate two-thirds of its revenue from next-generation products by 2030. Covering the dividend is no small matter, but it should be sustainable long term.

Philip Morris (PM) gains from its smoke-free transition efforts and pricing power amid rising costs and receding cigarette volumes.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Philip Morris (PM) concluded the recent trading session at $95.33, signifying a +1.12% move from its prior day's close.