Philip Morris International Inc
Marlboro Isn't Going Out of Business, Cigarette Company Shifts Gears
Why Did Tobacco Stocks Rally on September 12?
The potential ban on flavored e-cigarettes to be favorable for Altria Group (MO), Philip Morris International (PM), and British American Tobacco (BTI).
Inside Altria’s 1Q17 Revenue Expectation: Analysts Anticipate This
In 4Q16, the Smokeable segment made up 84% of Altria’s total revenues. The Smokeless, Wine, and Other segments made up 10.3%, 5.1%, and 0.6% of the total, respectively.
What Drove PM’s EU Segment’s Operating Income to Fall?
Philip Morris’s (PM) European Union region’s reported net revenue fell 6.8% to $1.9 billion in 4Q15 compared to $2.1 billion in 4Q14.
RAI’s Operating Margin Grew 41.2% on Strong Segment Results
RJR Tobacco’s adjusted operating margin increased 4.1 percentage points to 44.6% in 4Q15.
Why Altria Group’s 3Q17 Revenues Missed Analysts’ Estimates
The net revenues from Altria Group’s Smokeable Products segment fell 1.5% from ~$4.5 billion to ~$4.4 billion.
Philip Morris Stock Falls on Weak 3Q17 Earnings
Philip Morris International (PM) announced its 3Q17 earnings on October 19. The company posted adjusted EPS (earnings per share) of $1.27 on revenues of $7.47 billion.
Philip Morris’s Low 2014 Volumes in Latin America and Canada Segments
In 2014, Philip Morris’s Latin America and Canada segment reported a 2.3% decline in net revenues. The region had the company’s lowest revenues, at 11%.
What Are Analysts Recommending for Altria Group?
As of June 9, 2017, Altria Group (MO) was trading at $75.46.
Why Analysts Recommend a ‘Buy’ for Altria
As of February 1, 2017, Altria Group (MO) was trading at $71.39. This share price may have been priced into the estimates we’ve discussed previously in this series.
Altria’s Dividends Not Expected to Rise in 4Q16
Dividends On December 7, 2016, Altria Group (MO) announced a dividend of $0.61 for 4Q16. The record date was December 22, 2016. The 4Q16 dividend takes the company’s dividend for the year to $2.35, which represents a growth of 8.3% from the dividend of $2.17 in 2015. In 1Q17, 2Q17, and 3Q17, analysts expect the […]
Why Philip Morris’s 2Q17 Revenues Missed Analysts’ Estimates
In 2Q17, Philip Morris International (PM) posted revenues of ~$6.9 billion, which represents growth of 4.0% from ~$6.7 billion in 2Q16.
Eurozone Retail Activity Dipped In June, HEDJ Down 2.32%
The Eurozone’s Retail PMI (purchasing managers’ index) dipped to 50.4 in June from the 51.4 recorded in May.
Altria’s Revenue in 2017: What Analysts Are Expecting
Analysts are expecting Altria to post revenue of ~$19.8 billion in 2017, which represents a rise of 2.3% from ~$19.3 billion in 2016.
Altria’s 1Q17 Earnings Were Lower than Analysts’ Estimates
In 1Q17, Altria Group (MO) posted EPS of $0.72. Removing special items, the adjusted EPS stood at $0.73—slightly lower than analysts’ estimate of $0.74.
Will Philip Morris Beat Wall Street Revenue Estimates in 4Q15?
For 4Q15, the Wall Street consensus revenue estimate for Phillip Morris is $6.5 billion, an 8.8% decrease from the revenue in the corresponding quarter last year.
Why Analysts Expect Philip Morris’s Revenue to Fall in Q4
Analysts expect Philip Morris International (PM) to post revenue of $7.38 billion in the fourth quarter.
Why Did Reynolds American Rise on June 20?
Reynolds American (RAI) has a market cap of $73.4 billion. It rose by 1.6% to close at $51.03 per share on June 20, 2016.
Why Analysts Are Optimistic about Altria’s 2017 Earnings
Analysts are expecting Altria Group (MO) to post EPS (earnings per share) of $3.30 in 2017. That represents a rise of 8.9% from $3.03 in 2016.
Inside Altria’s Margins in 1Q17: What the Analysts Expect
In 1Q17, analysts are expecting Altria Group (MO) to post a gross margin, EBITDA margin, and net margin of 59.7%, 49.9%, and 30.9%, respectively.
Philip Morris’s 2015 Stock Price in Perspective
Philip Morris’s stock over the last twelve months showed a ~9.2% decrease in August 2015. But its higher returns on invested capital indicate efficiency.
How Do the Valuation Multiples of Philip Morris and Altria Compare?
As of August 21, Philip Morris was trading at a forward PE multiple of 15.7x compared to 14.9x before its announcement of its second-quarter earnings.
Why Jefferies Upgraded Philip Morris International
On January 19, 2018, Jeffries upgraded Philip Morris International (PM) from “hold” to “buy.”
How Does Reynolds American Compare to Its Peers?
Reynolds American’s peers have outperformed it based on price-to-earnings. However, Reynolds American is ahead of its peers based on price-to-sales.
Why Did Philip Morris’s Margins Contract in 3Q16?
In 3Q16, Philip Morris International (PM) posted a gross margin, an EBITDA margin, and a net margin of 65.2%, 45.3%, and 27.8%, respectively.
Philip Morris Had Strong Revenue Growth in 4Q16
Despite the overall decline in cigarette shipments of 4.4%, Philip Morris outperformed other tobacco companies by posting revenue growth of 9.1%.
Altria Group Declares Dividend of $0.61 per Share
Altria Group (MO) has a market cap of $128.8 billion. It fell by 0.36% to close at $65.92 per share on August 25, 2016.
Why Analysts Expect Altria’s Net Margin to Rise in 3Q17
For 3Q17, analysts expect Altria Group (MO) to report a gross margin, EBITDA margin, and net margin of 62.3%, 51.8%, and 31.6%, respectively.
Inside the US Dollar Index’s Mixed Response in 2017
The US dollar (UUP) (UDN) seemed to show mixed response to the Fed’s rate hike on March 15, as prices have reflected a downtrend so far in 2017.
What Could Philip Morris’s 1Q16 Results Do to Its High Valuation?
As of April 6, Philip Morris and Altria were trading at higher valuations relative to the S&P 500 Index and the Dow Jones Industrial Average.
Philip Morris Let Down Investors with 1Q16 Earnings
Philip Morris International (PM) released its 1Q16 earnings on April 19, 2016. The company’s adjusted diluted EPS fell 15.5% to $0.98 compared to $1.15 in 1Q15.
A Detailed Holdings Analysis of DCMSX
The holdings of the DFA Commodity Strategy Portfolio – Institutional Class (DCMSX) mainly consist of corporate and government bonds.
What’s the Latest News from Philip Morris?
Philip Morris International (PM) has a market cap of $136.3 billion. It rose 0.47% to close at $88.18 per share on December 6, 2016.
Reynolds American Collaborates with British American Tobacco
On September 22, 2015, Reynolds American’s (RAI) indirect subsidiary, R.J. Reynolds Tobacco Company, signed a technology-sharing term sheet with British American Tobacco (BTI).
Can Favorable Pricing and iQOS Help Philip Morris’s 2Q16 Revenue?
Philip Morris (PM) is set to release its 2Q16 earnings results before the Market opens on July 19, 2016. PM’s earnings and revenue missed the consensus Wall Street analyst expectations in 1Q16.
Philip Morris Plans to Increase Market Share of iQOS
Philip Morris International (PM) has a market cap of $153.4 billion. It rose by 0.14% to close at $99 per share on August 12, 2016.
How Has DCMSX Performed Compared with Its Peers?
The DFA Commodity Strategy Portfolio – Institutional Class (DCMSX) is an alternative mutual fund that uses a commodity hedge fund return strategy.
What Are Analysts Recommending for Altria?
The FDA’s (Food and Drug Administration) recent announcement could have compelled analysts to lower their 12-month target price for Altria Group (MO).
Why Consumer Staples ETFs Fell Marginally
The Consumer Staples Select Sector SPDR ETF fell by 0.4% on November 4, while the Vanguard consumer Staples ETF saw a 0.53% fall in its price.
Growth Initiatives and Outlook for Tobacco Companies in 4Q15
Philip Morris has been capitalizing on the growth potential of iQOS and plans to commercialize its expansion in additional cities in Italy and Japan by 4Q15.
Investment-Grade Bond Funds See a Second Week of Outflows
Flows into investment-grade bond funds were negative for the week ended August 5—marking a second successive week of outflows.
No Sign of Improvement in Philip Morris’s 1Q16 Operational Margin
Gross margin and free cash flow Philip Morris’s (PM) gross margin decreased 0.7 points to 65.5% in 1Q16, compared to 66.3% in 1Q15. Despite the adverse currency impact, Philip Morris is focused on generating strong free cash flow in line with last year’s level. The company’s free cash flow (or FCF) increased by more than […]
Why Did Reynolds American Rise 14% on October 21?
Price movement Reynolds American (RAI) has a market cap of $67.3 billion. It rose 14.0% to close at $53.78 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 13.8%, 10.3%, and 19.6%, respectively, on the same day. RAI is trading 14.1% above its 20-day moving average, 11.2% […]
Why Altria’s Stock Fell despite Beating 2Q17 Revenue Estimates
Altria Group (MO) announced its 2Q17 earnings on July 27, 2017. The company has posted EPS (earnings per share) of $1.03 on revenues, net of excise taxes, of $5.07 billion.
Could Investing in DCMSX Help Your Portfolio?
DCMSX is an alternative mutual fund that has suffered due to its commodity real return strategy.
Tobacco Giants Philip Morris and Altria Could Merge
Behemoth tobacco companies Philip Morris (PM) and Altria (MO) might be getting back together after separating more than a decade ago.
Philip Morris Starts Its New Manufacturing Facility in Italy
Price movement Philip Morris International (PM) has a market cap of $159.0 billion. It fell 0.19% to close at $101.53 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.7%, 1.4%, and 17.9%, respectively, on the same day. PM is trading 1.4% above its 20-day moving average, […]
The Future Growth of Philip Morris International
Philip Morris’s future growth depends on investments in new capabilities, brands, distribution channels, technologies, and emerging and mature geographic markets.
A Look at Reynolds American’s 3Q16 Performance
Price movement Reynolds American (RAI) has a market cap of $66.3 billion. It fell 2.1% to close at $46.29 per share on October 19, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.7%, -2.9%, and 2.9%, respectively, on the same day. RAI is trading 2.2% below its 20-day moving average, 4.5% […]
Will Philip Morris’s 2Q17 Earnings Boost Its Stock Price?
Philip Morris International (PM) is set to announce its 2Q17 earnings before the market opens on July 20, 2017.
Cantillon gained a position in AmBev via a stock swap merger deal
Cantillon’s 3.9% position in Ambev SA (ABEV) replaced the hedge fund’s 4.46% position in Companhia Bebidas (ABV) due to a stock swap merger deal in November.
Why Altria’s Valuation Multiple Fell
Due to high visibility in Altria Group’s (MO) earnings, we have opted for a forward PE (price-to-earnings) ratio for our analysis.
Why Cantillon opened a new position in MSC Industrial Direct
MSC Industrial Direct (MSM) is a 1% position in Cantillon’s long portfolio. MSC Industrial Direct is a distributor of metalworking and maintenance as well as repair and operations (or MRO) supplies.
Valuation Growth of Philip Morris Before 2Q16 Results
Philip Morris is planning to implement price increases in retail (XRT) markets that include Russia, Argentina, Germany, and Indonesia.
When Will Philip Morris Report Its Q3 Earnings?
Why Did Altria’s Margins Expand in 1Q17?
During the quarter, Altria Group (MO) posted a gross margin and operating margin of 60.6% and 49%, respectively.
Will Philip Morris See an Improvement in Margins in 4Q15?
Phillip Morris’s adjusted operating income margin increased 1.4% in 3Q15 and 1.6% for the nine months ending September 30, excluding negative currency impact changes and excise taxes.
Why Did Philip Morris’s Net Margins Decline in 3Q17?
For 3Q17, Philip Morris International (PM) posted a gross margin, an EBITDA (earnings before interest, tax, depreciation, and amortization) margin, and a net margin of 63.4%, 44.1%, and 26.4%, respectively.
Will Altria’s Earnings Rise in Next 4 Quarters?
During the next four quarters, analysts are expecting Altria Group (MO) to post EPS (earnings per share) of $3.37.
Will Philip Morris’s Q4 Earnings Boost Its Stock Price?
Philip Morris International (PM) is scheduled to post its fourth-quarter earnings results before the market opens on February 7.
What’s Expected for Altria’s Earnings
Analysts’ expectations For the next four quarters, analysts expect Altria Group (MO) to post EPS (earnings per share) of $3.51, which represents 11.1% growth from the $3.16 seen in the last four quarters. Earnings growth Altria’s EPS growth is expected to be driven by revenue growth, net margin expansion, and share repurchases. For the next four […]
Why Philip Morris’s 1Q16 Market Share Declined in Asia
Net revenue for Philip Morris’s (PM) Asia region decreased 8.7% to ~$2 billion in 1Q16. This compares to $2.2 billion in 1Q15.
Philip Morris’s 3Q15 Market Valuation and the S&P 500 Index
As of October 16, Philip Morris is trading at a higher valuation than the S&P 500 and the Dow Jones Industrial, with a 18.6x forward earnings PE multiple.
Altria Beats Philip Morris’s EPS Growth in First Three Quarters
In the first three quarters of 2018, Altria Group (MO) posted adjusted EPS of $3.04, which represents growth of 22.6% from $2.48 in the corresponding three quarters of the previous year.
How Altria’s Valuation Multiple Compares with Peers’
Altria Group (MO) posted its fourth-quarter earnings on January 31. During the quarter, the company’s EPS met analysts’ expectations.
How Analysts View Philip Morris’s Revenues in 3Q17
For the next four quarters, analysts expect Philip Morris International (PM) to post net revenues of ~$30.7 billion.
Analysts’ Recommendations for Altria after Its 1Q17 Earnings
Although Altria’s 1Q17 earnings and revenues were lower than analysts’ estimates, analysts raised the target price marginally from $73.2 to $73.6.
Why Was Altria’s 4Q16 Revenue Lower than Analyst Estimates?
Altria posted a net revenue, excluding excise taxes, of $4.73 billion, which represents year-over-year growth of 0.1%.
What Drove Philip Morris’s Revenue in Q3 2018?
In the third quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.17 billion.
What Drove Philip Morris’s Revenue in the Fourth Quarter?
In the fourth quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.39 billion.
How Analysts View Philip Morris after Its 2Q17 Earnings
Of the 19 analysts that cover Philip Morris, 47.4% are recommending a “buy,” 47.4% are recommending a “hold,” and 5.3% are recommending a “sell.”
Philip Morris Stock Falls on Weak Outlook
Philip Morris International (PM) reported its second-quarter results today and lowered its 2018 EPS guidance.
High-grade bond supply spike triggers hope for record year
Last week was strong in terms of issuance volumes in the primary capital markets. High-quality bond issuance touched $51.3 billion across 42 issues in the week ending November 7.
Philip Morris Stock Rose 3 Percent Due to Earnings Surprise
Philip Morris stock has risen as much as 3.2% in the pre-market session today as of 8:55 AM ET. The company posted its second-quarter results.
Will Altria’s Q2 Earnings Be a Boom or Bust?
Analysts expect Altria to report revenues of $5.08 billion in the second quarter of 2020—a fall of 2.2% from $5.19 billion in the second quarter of 2019.
Why Philip Morris Looks Attractive at These Levels
So far this year, Philip Morris (NYSE:PM) has lost 17.0% of its stock value. The stock has underperformed the broader equity markets.
Philip Morris Stock Rises after FDA Approves IQOS
On Tuesday, the FDA authorized Philip Morris’s IQOS, an electrically heated tobacco unit, to be marketed as a modified risk tobacco product.
Barclays Downgrades Altria, Worries about Declining Market Share
Today, Gaurav Jain of Barclays downgraded Altria Group (NYSE:MO) from “overweight” to “equal weight.” He also lowered his target price from $50 to $43.
What to Expect from Philip Morris in Q2
This year, Philip Morris stock has been subdued, losing 13.6% of its value. The company is set to report its second-quarter earnings on July 21.
How Do Philip Morris and Altria Compare in 2020?
So far this year, Philip Morris International (NYSE:PM) and Altria Group (NYSE:MO) have underperformed the broader equity markets.
Is It Time for Investors to Buy Philip Morris?
Despite the impressive first-quarter performance, Philip Morris’s stock price has declined. As of May 7, the company was trading at $70.14.
What Can Investors Expect from Altria’s Q1 Results?
Currently, 14 analysts cover Altria stock. Many analysts have a bullish view on the stock due to its higher dividend yield and lower valuation.
Philip Morris Beats Top and Bottom-Line Estimates in Q1
Philip Morris reported its earnings results for the first quarter of 2020. The company reported an adjusted EPS of $1.21 on revenues of $7.15 billion.
What to Expect from Philip Morris’s Q1 Earnings
As of April 13, Philip Morris (NYSE:PM) was trading at 73.95—a fall of 11.3% since the announcement of its fourth-quarter earnings on February 6.
2 High-Yielding Dividend Tobacco Stocks during Downturn
Investors should find safety in high-yielding dividend stocks amid the downturn. Altria and Philip Morris both deliver stable earnings and constant dividends.
Morgan Stanley Upgrades Altria Group to ‘Overweight’
On March 16, Morgan Stanley upgraded Altria Group (NYSE:MO) from “equal weight” to “overweight” with a target price of $49.
Are Philip Morris’s Numbers Attractive in 2020?
As of March 10, Philip Morris (PM) was trading at $84.73—a fall of 0.4% since the beginning of this year. PM has outperformed the broader equity market and its peers.
Should You Consider Buying Altria Group?
As of March 6, Altria Group (NYSE:MO) was trading at $42.15—a fall of 15.9% since the company reported its earnings for the fourth quarter of 2020 on January 30.
Philip Morris Beats Analysts’ Top and Bottom-Line Estimates
Today, Philip Morris reported its fourth-quarter earnings. For the quarter, the company posted an adjusted EPS of $1.22 on revenues of $7.71 billion.
What to Expect from Philip Morris in Q4
Philip Morris will report its Q4 earnings before the market opens on Thursday. Analysts expect the company’s revenue to rise and its adjusted EPS to fall.
Altria Meets Earnings Estimates, Misses on Revenue
Today, Altria Group reported its fourth-quarter earnings, which ended on December 31. For the quarter, the company reported revenue of $6.0 billion.
Altria Stock: Inexpensive Valuation, High Dividend Yield
Altria (MO) stock has recovered recently and risen by about 8% in a month. However, the stock has underperformed peers and broader markets this year.
Check Out These Dividend-Paying Consumer Stocks
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10 Consumer Stocks for Consistent Dividend Income
In addition to boosting dividends, many consumer stocks saw stellar growth in 2019. Most of these companies outperformed the benchmark index YTD.
Get Real: New Targets and Turnaround Hopes
In this morning’s edition of our daily market newsletter, Get Real, we looked at Trump’s new tariff targets, a 5G network launch, and turnaround hopes.
Why Citigroup Prefers Altria over Philip Morris
Citigroup has upgraded Altria and downgraded Philip Morris. It expects lower cigarette volume declines and has a favorable outlook on traditional tobacco.
Renaissance Technologies: Analyzing Its Q3 13F
At the end of the third quarter, Bristol-Myers Squibb, Celgene, Biogen, UnitedHealth, and Walmart (WMT) were Renaissance Technologies’ top five buys.
Altria Gives Juul Labs Update, Stock Gets Beating
When Altria posted its earnings yesterday, things looked positive. However, after news about Juul Labs, MO stock lost momentum and closed 2.6% lower.
Why Altria Could Jump on Its Q3 Earnings Beat
Altria (MO) posted better-than-expected third-quarter earnings results today. As expected, lower cigarette shipment volumes remained a drag.
A guide to Cantillon Capital Management’s investment strategy
The New York–based Cantillon Capital Management is a hedge fund manager founded in 2003 by William von Mueffling.