PM Stock Recent News

Philip Morris International has a dividend yield of 4.5%. With a stable tobacco business and new nicotine products, its dividend should grow in the coming years.

Does Philip Morris (PM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Look at ETFs with exposure to Philip Morris, as the tobacco giant reports second-quarter earnings.

Philip Morris International beat Q2 earnings estimates, driven by growth in smoke-free products like IQOS and ZYN. The company's strong performance led to a 9.6% net revenue growth rate and a 12.5% operating income increase year over year. Philip Morris also raised its EPS growth outlook for FY 2024.

Philip Morris (PM) possesses solid growth attributes, which could help it handily outperform the market.

Philip Morris International is up 20% year to date on continued strong growth. It has stable cigarette volumes and a fast-growing smoke-free products business.

Philip Morris stock is up due to strong volume gains at its new nicotine pouch business and healthy profit growth. The company has a stable international cigarette business.

Philip Morris International posted strong Q2 results and once again upped its full-year guidance. Zyn continues to be the big growth driver for the company.

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 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.