Philip Morris International Inc. (PMI) NYSE: PM papierosy, wyroby tytoniowe

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UNDERVALUED DIVIDEND GROWTH STOCK OF THE WEEK
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Altria Upgraded to Buy at Goldman, Philip Morris International Affirmed at Buy

Goldman Sachs, seeing value in the tobacco stocks, upgraded Altria (MO - Get Report) to a buy rating from neutral and affirmed Philip Morris International (PM - Get Report) at buy.

Altria shares were trading up 1.4% at $49.96, while PMI shares added 0.8% to $81.92.

Tobacco valuations are "at a 10-year trough despite a more accommodating market backdrop," analyst Judy Hong wrote in a report.

The firm expects the current discount on tobacco stocks "to narrow as cigarette fundamentals hold up better than feared, contribution from next generation tobacco products builds, and regulatory concerns subside over time," she said.

Hong's 12-month price target on Altria, based in Richmond, Va., is $59, indicating a total potential return of 27% including the 6% dividend yield.

Her target on New York-based Philip Morris International is $100, which indicates a 29% potential return.

The bearishness on the tobacco companies reflects factors including lower cigarette volumes and caution about Altria's purchase of 35% of e-cigarette producer Juul for $12.6 billion, Hong wrote.

The analyst expects the decline in cigarette consumption to abate and the shift to e-cigarettes to moderate. And international cigarette volume trends have been mostly stable, Hong wrote.

https://www.thestreet.com/investing/sto ... s-15017914

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Philip Morris in talks to merge with Altria

(Reuters) - Philip Morris International Inc (N:PM) and Altria Group Inc (N:MO) said on Tuesday they were in talks for an all-stock merger, potentially reuniting the tobacco giants after more than a decade.

Altria's shares rose over 8% in early trading, while Philip Morris fell 5.5%. At current prices, a merger of the two would create a company with market value of more than $200 billion.

In 2008, Altria spun off the Philip Morris International unit in a move aimed at unlocking the value of the fast-growing unit.

The news comes a day after Wells Fargo analyst Bonnie Herzog said e-cigarette company Juul Labs Inc, in which Altria owns a 35% stake, will have an ideal partner for its international expansion in Philip Morris.

https://www.investing.com/news/stock-ma ... ia-1964385

Philip Morris, Altria Eye Merger to Meet New Challenges to Tobacco
https://www.investing.com/news/stock-ma ... co-1964438

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Philip Morris, Altria End Merger Talks As Juul CEO Steps Down
https://www.investors.com/news/philip-m ... teps-down/

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Why Philip Morris Is Taking Some Heat for Earnings

When Philip Morris International Inc. (NYSE: PM) reported its most recent quarterly results before the markets opened on Thursday, the company said that it had $1.43 in earnings per share (EPS) and $7.64 billion in revenue. The consensus estimates had called for $1.36 in EPS and revenue of $7.67 billion. The third quarter of last year reportedly had EPS of $1.44 and $7.5 billion in revenue.

During the latest quarter, cigarette and heated tobacco unit shipment volume slipped 2.1% (down by 1.4% on a like-for-like basis), reflecting cigarette shipment volume down by 5.9% and heated tobacco unit shipment volume up by 84.8%.

Looking ahead to the 2019 full year, the company expects to see EPS of $5.14, or $5.38 excluding currency. Consensus estimates call for $5.21 in EPS and $29.95 billion in revenue for the year.

While Philip Morris expects its net revenue and adjusted operating income growth in the fourth quarter to be in line with its year-to-date results, the currency-neutral adjusted EPS growth is anticipated to be lower than the year-to-date performance.

https://247wallst.com/consumer-products ... -earnings/

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Amerykańska Agencja Żywności i Leków zezwoliła na sprzedaż pierwszych podgrzewaczy tytoniu na terenie USA. Podkreśliła, ze produkt jest właściwy dla ochrony zdrowia publicznego.

Przed wprowadzeniem nowatorskiego produktu tytoniowego na liczący ok 40 mln palaczy rynek amerykański Agencja ma obowiązek ustalić, czy jest on „odpowiedni dla ochrony zdrowia publicznego ”. - Naszą misją jest ochrona Amerykanów przed śmiercią i chorobami związanymi z paleniem tytoniu poprzez regulowanie produkcji, dystrybucji i marketingu wyrobów tytoniowych oraz edukowanie społeczeństwa, zwłaszcza młodych ludzi, na temat wyrobów tytoniowych i niebezpieczeństw związanych z ich używaniem dla siebie i innych – podkreśliła Priscilla Callahan-Lyon, zastępca dyrektora, departamentu nauki, centrum produktów tytoniowych Agencji Żywności i Leków Stanów Zjednoczonych.

Aerozol wytwarzany w IQOS (Philip Morris) zawiera nikotynę oraz średnio 90-95 proc. mniej szkodliwych substancji niż dym papierosowy
Koncerny tytoniowe porzucają stopniowo produkcję tradycyjnych papierosów na rzecz innych form, wśród nich m.in. e-papierosów oraz podgrzewaczy tytoniu
PMI stawia sobie za cel, aby do 2025 r. 40 mln palaczy zrezygnowało z papierosów na rzecz IQOS-a
...
https://businessinsider.com.pl/firmy/op ... iu/qg0q558

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UNDERVALUED DIVIDEND GROWTH STOCK OF THE WEEK
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https://dailytradealert.com/2019/12/15/ ... -week-240/

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Philip Morris International (PMI) ogłosił zamiar redukcji zatrudnienia w swoich placówkach w Lozannie i Neuchatel. Miejsca pracy przeniesie m.in. do Polski, donosi Le News.

Koncern tytoniowy przeniesie ok. 265 miejsc pracy ze Szwajcarii do Polski, Portugalii i Wielkiej Brytanii. Rozpoczął już formalny proces w obu kantonach. Tłumaczy swoje działanie realizacją strategii skupienia się na alternatywach papierosów, jak urządzenia do podgrzewania tytoniu.

https://www.pb.pl/philip-morris-interna ... ski-981479

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How COVID-19 Pandemic Is Stalling Philip Morris Stock

Philip Morris International Inc. (NYSE: PM) reported first-quarter 2020 results before markets opened on Tuesday. The tobacco products firm posted adjusted diluted earnings per share (EPS) of $1.21 on revenue of $7.15 billion. In the same period a year ago, the company reported EPS of $0.98 on $6.75 billion in revenues. Reported revenue is net of excise taxes. Consensus estimates called for EPS of $1.13 and revenue of $6.82 billion.

The company has withdrawn its fiscal year 2020 guidance calling for EPS of at least $5.50 per share and replacing it with a forecast for the second quarter of the year. The company said that it believes the negative impact of the COVID-19 pandemic is temporary, “mainly subject to the duration of government lock-downs and the subsequent timing of recovery.”

For the second quarter, Philip Morris is forecasting EPS of $1.00 to $1.10, including an unfavorable currency exchange impact of about $0.12 per share. The company also lowered its estimated capital spending for the year from a previous forecast of $1 billion to a new level of $800 million. Analysts had a consensus estimate for adjusted EPS of $1.40 on sales of $7.56 billion for the quarter and full-year estimates for $5.28 in EPS and $29.68 billion in sales.

Global cigarette sales fell by 4.4% year over year in the quarter, with the biggest drop occurring in Latin America and Canada. Global sales of the company’s IQOS heated tobacco products rose by 45.5%. Combined, total sales were down 1.2% year over year.

CEO André Calantzopoulos commented:

We expect that the pandemic will have adverse impacts on our full-year 2020 business results. Those already observable relate to a severe reduction of our duty-free sales, slower IQOS user acquisition and delayed minimum price enforcement in Indonesia. We also have to assume that, in certain markets, unemployment and related reductions in disposable income will have a temporary impact on market dynamics or the ability of certain small retailers to operate.

Philip Morris declared its regular quarterly dividend of $1.17 per share ($4.68 annualized). Dividend payments have totaled $3.6 billion for the year to date. The company said it had “ample” liquidity thanks to its cash generation and access to commercial paper. As of March 31, the company had about $3.7 billion of cash and cash equivalents, $1.1 billion of commercial paper, with an average term of approximately 30 days, and $7.5 billion in standby revolving credit facilities.

On March 30, the company submitted a product application to the U.S. Food and Drug Administration (FDA) for its IQOS 3 heat-not-burn device. Philip Morris expects the rate of new user acquisition of already approved devices to be around 50% lower than anticipated for as long as government restrictions are in place, with variation depending on the level of restrictions by market.

The company’s second-quarter EPS forecast is lower than the current Wall Street estimate, and that weighed slightly on the stock in Tuesday’s premarket. The 6% dividend yield offers a counterweight.

https://247wallst.com/consumer-products ... ris-stock/

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Altria vs Philip Morris: Which Stock Is A More Compelling Buy?
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Altria (MO)

Altria, which owns the popular Marlbaro brand in US, has been struggling due to its strategic investments in cannabis company Cronos Group and e-cigarette company Juul. Altria recorded impairment charges related to holdings in both the companies in the recent quarters, including a $4.1 billion charge in 2019’s fourth quarter.

Juul was under fire from the FDA (Food and Drug Administration) and other regulators as well as several US states following vaping-related illnesses and deaths.


Altri’s second-quarter revenue declined 3.8% to $6.37 billion due to lower sales of smokable products and the impact of restaurant and bar closures during lockdowns on its wine business. Despite a fall in revenue, adjusted EPS grew 0.9% to $1.09.

Altria showed resilience in volatile conditions which reflects in the 3.9% revenue growth and an 8.5% rise in adjusted EPS in the first half of this year. Following the second-quarter results, it re-established its adjusted 2020 EPS growth guidance in the 0% to 4% range based on more clarity on the adult tobacco purchase trends and an additional quarter of earnings contributions from Anheuser-Busch InBev.

The company is now looking for expansion in the IQOS market after the US FDA authorized IQOS and HeatSticks to be marketed as Modified Risk Tobacco Products with a “reduced exposure” claim. IQOS is a “heat not burn” device considered as an alternative to conventional cigarettes.

It also has an exclusive agreement with Philip Morris International to sell IQOS in the US- and is eyeing growth in the non-combustible space with Helix Innovation’s on! products, which are currently under review by the FDA.

Several companies have suspended dividends due to the impact of the pandemic on their businesses. However, Altria increased its quarterly dividend by 2.4% to $0.86, marking its 55th dividend increase in the past 51 years.

Following the recent results, Merrill Lynch analyst Lisa Lewandowski reaffirmed a Buy rating for Altria stock with a price target of $50. Lisa Lewandowski stated, “MO offers earnings stability, an attractive yield and a valuation near historical lows.” (See Altria stock analysis on TipRanks)

Based on 6 Buys and 5 Holds, Altria stock has a cautiously optimistic Moderate Buy rating. An average price target of $48.80 implies an upside potential of about 13.6% over the next 12-months.

Philip Morris International (PM)

Philip Morris believes that cigarette sales could end in many countries in the next 10 to 15 years as consumers look for safer alternatives. The company has been focusing on capturing the demand for heated tobacco products and its IQOS tobacco heating device.

As per the company, there were 15.4 million IQOS users as the end of the second quarter, up from 14.6 million a year back. It is also seeing strong momentum for IQOS in Japan, the EU region, and Russia.

Currently, the company’s RRPs or reduced-risk products account for about 25% of its revenue. Philip Morris is targeting 90 billion to 100 billion shipments of heated tobacco units by 2021. The recent authorization of IQOS as a modified risk tobacco product by the US FDA is a very favorable development for the tobacco giant.

Philip Morris’ second-quarter revenue declined 13.6% year-over-year to $6.65 billion as higher volumes of heated tobacco units were partially offset by a decline in cigarette shipments. Adjusted EPS of $1.29 reflected an 11.6% fall. Overall, revenue declined 4.5% and adjusted EPS was down 2.0% in the first half of 2020. Philip Morris foresees its 2020 EPS growth (excluding currency impacts) in the 2% to 5% range.

After the recent results, Stifel analyst Christopher Growe maintained a Buy rating for Philip Morris stock while raising the price target to $90 from $85. Growe also upped his 2020 and 2021 estimates backed by “stronger IQOS growth, robust cost savings, and more efficient IQOS spending alongside a continued recovery in volume.” (See Philip Morris stock analysis on TipRanks)

The Street has a Moderate Buy consensus rating for Philip Morris stock with 5 Buys and 2 Holds. An average price target of $85.57 indicates an upside of 7.38% over the next year.

Altria stock has declined 14% year-to-date while Philip Morris was down 6.5% as of August 13. Currently, Altria has a higher dividend yield of 8.0% compared to 6.0% for Philip Morris. Headwinds like regulatory pressure, decline in cigarette volumes, and the impact of travel restrictions due to COVID-19 on duty-free sales continue to concern both Altria and Philip Morris.

However, considering the potential upside over the next 12-months and the higher dividend yield, Altria looks to be a better buy.

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

https://www.tipranks.com/news/altria-vs ... lling-buy/

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UNDERVALUED DIVIDEND GROWTH STOCK OF THE WEEK
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Undervalued Dividend Growth Stock of the Week: Philip Morris (PM)
by Jason Fieber, Mr. Free at 33 • September 6, 2020



https://dailytradealert.com/2020/09/06/ ... morris-pm/

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Philip Morris Raises Bottom of Earnings Estimate, Boosts Dividend

Philip Morris raises the bottom of its estimated earnings range for 2020 and increases its quarterly dividend.
DAN WEIL2 HOURS AGO
Shares of Philip Morris International (PM) - Get Report eased Thursday, even after the tobacco giant raised the bottom of its estimated earnings range for full-year 2020 and increased its quarterly dividend.

The company revised its GAAP earnings per share forecast to a range of $4.92 to $4.99, at prevailing exchange rates, compared to its prior forecast range of $4.84 to $4.99, which was provided on July 21.

“This primarily reflects the expectation of a stronger-than-anticipated performance in the third quarter,” the company said in a statement.

“Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.31 per share, asset impairment and exit costs of $0.04 per share, and a fair value adjustment for equity security investments of $0.04 per share, this forecast represents a projected increase of approximately 3.5% to 5.0% versus pro forma adjusted diluted EPS of $5.13 in 2019,” the company said.

In addition, “excluding an unfavorable currency impact, at prevailing exchange rates, of approximately 7 cents per share, PMI now expects third-quarter reported diluted EPS to be broadly in line with the company’s third-quarter 2019 adjusted diluted EPS of $1.43,” the company said.

As for the dividend, which will be paid Oct. 13, to shareholders of record as of Sept. 24, it was boosted 2.6% to $1.20 a share from $1.17.

Looking at second-quarter earnings, they were “fairly strong,” Morningstar analyst Philip Gorham wrote in July. He put fair value for the stock at $98.

Philip Morris recently traded at $80.12, down 0.43%. The stock has slipped 6% year to date, while the S&P 500 has risen 6%.

https://www.thestreet.com/investing/phi ... e-dividend

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Polak na czele tytoniowego giganta. Jacek Olczak pokieruje Philip Morris International


Jacek Olczak od maja 2021 roku obejmie funkcję prezesa koncernu tytoniowego Philip Morris International (PMI) – poinformował koncern.

Polak na czele tytoniowego giganta. Jacek Olczak pokieruje Philip Morris International
Jacek Olczak jest związany z koncernem PMI od 1993 r.


Duże zmiany w Philip Morris International. Dotychczasowy szef rady dyrektorów Louis Camilleri postanowił odejść ze stanowiska ze skutkiem natychmiastowym. W maju zastąpi go obecny prezes André Calantzopoulos. Do tego czasu obowiązki szefa rady dyrektorów będzie pełnił Lucio Noto, niezależny członek rady dyrektorów. Z kolei prezesem PMI będzie pochodzący z Łodzi Jacek Olczak.

Jak czytamy na stronie Klubu Absolwenta Uniwersytetu Łódzkiego, Jacek Olczak dołączył do Philip Morris Polska Distribution w 1993 roku jako manager w Dziale Finansów i Administracji. Po pracy w firmie Philip Morris International (PMI) w Lozannie w 1995 roku na stanowisku managera w Dziale Kontroli Wewnętrznej, w 1996 roku wrócił do Polski i sprawował różne funkcje w Dziale Finansów, Sprzedaży i Operacyjnym.

W latach 2002-2006 pracował w różnych punktach w Europie Środkowej i krajach bałtyckich. W 2004 roku został dyrektorem zarządzającym na Polskę i kraje bałtyckie. W październiku 2006 roku został dyrektorem zarządzającym na Niemcy i Austrię. W 2018 roku objął stanowisko prezesa ds. operacyjnych, czyli Chief Operating Officer.

https://www.pb.pl/polak-szefem-philip-m ... al-1102987
https://www.pb.pl/polak-szefem-philip-m ... al-1102987

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How Tobacco Became One of the Greatest Investments in History
By Joe Weisenthal and Tracy Alloway
15 października 2020, 10:00 CEST

For over a century, tobacco stocks have been among the greatest investments in history, consistently outperforming other sectors decade after decade. But what is it about tobacco companies specifically that has led to this incredible performance? On this episode, we speak with financial advisor Lawrence Hamtil along with Gene Hoots, a financial advisor and the author of Going Down Tobacco Road, to discuss the extraordinary performance of this sector.
...
https://www.bloomberg.com/news/articles ... in-history

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UNDERVALUED DIVIDEND GROWTH STOCK OF THE WEEK
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30.06.2019

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Undervalued Dividend Growth Stock of the Week: Philip Morris (PM)
by Jason Fieber, Mr. Free at 33 • September 6, 2020



https://dailytradealert.com/2020/09/06/ ... morris-pm/

Undervalued Dividend Growth Stock of the Week: Philip Morris (PM)
by Jason Fieber, Mr. Free at 33 • April 18, 2021



https://www.youtube.com/watch?v=qjSh8I4bTrk