Philip Morris International Inc. (PM)
Here's Why Philip Morris (PM) is a Strong Growth Stock
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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.
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.
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.
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?
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.
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Philip Morris (PM) Is Up 8.03% in One Week: What You Should Know
Does Philip Morris (PM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Philip Morris: King Of The Tobacco Jungle - Minimal Upside/ Dividends Here
PM has reported another beat and raise performance in FQ3'24, with it contributing to the immense rally observed in its stock prices. Much of its tailwinds are attributed to the growing combustibles volumes and higher YTD pricing, contributing to the segment's robust top lines and expanding market share. This is on top of the highly successful smoke-free approaches through IQOS and ZYN, with FQ4'24 likely to bring forth another beat performance.
