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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Philip Morris International Inc. (NYSE:PM) is included among the 11 High-Yield Dividend Stocks for Steady Cash Flow.
Philip Morris International Inc. (NYSE:PM) is a leading American tobacco company whose products are available in more than 180 countries worldwide.
On October 21, Stifel reaffirmed its Buy ratinYahg and $186.00 price target on Philip Morris International Inc. (NYSE:PM), following the company’s strong third-quarter results, which surpassed expectations in organic sales, profit margins, and earnings per share growth.
Philip Morris International Inc. (NYSE:PM) raised the lower end of its 2025 EPS forecast, helped by a reduced tax rate and lower interest expenses. However, it trimmed its operating profit guidance to 10%-11.5% from the earlier 11-12.5%, citing higher investments in the US market, particularly increased promotional spending on its ZYN nicotine pouch brand.
For the fourth quarter, Philip Morris International Inc. (NYSE:PM) expects low to mid-single-digit operating profit growth, slightly under earlier projections, mainly because of inventory challenges across its IQOS and ZYN product lines. The company estimates a 20-30 million can inventory headwind for ZYN in the coming quarter.
Although the stock has fallen nearly 18% from its June peak, Stifel considers the decline a buying opportunity, emphasizing that the anticipated fourth-quarter softness does not reflect the company’s underlying earnings momentum. The firm believes Philip Morris is on track to deliver EPS growth consistent with its medium-term target range of 9-11% heading into 2026.
Philip Morris International Inc. (NYSE:PM) is also popular among income investors because of its dividend growth. The company has been rewarding shareholders with growing dividends for the past 16 consecutive years. Currently, it offers a quarterly dividend of $1.47 per share and has a dividend yield of 3.87%, as of October 21.
While we acknowledge the potential of PM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Beaten Down Dividend Stocks to Buy Right Now and 15 Dividend Stocks That Have Raised Payouts for 20+ Years
Disclosure: None.
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