Philip Morris Invests Over $20 Billion to Drive Smoke-Free America
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Investment Commitment: Since 2022, Philip Morris has invested over $20 billion in the U.S., primarily to acquire and further enhance manufacturing capabilities, commercial rights, and infrastructure, thereby driving the company's long-term growth in America.
- Industry Transformation: Philip Morris U.S. CEO Stacey Kennedy stated that the company is committed to accelerating the shift to a smoke-free America, emphasizing innovation and a deep commitment to communities to create high-quality, high-skill jobs.
- Future Outlook: The company expects to make substantial additional investments in manufacturing, operations, and workforce, further supporting U.S. jobs and legal-age nicotine consumers, demonstrating strong confidence in the U.S. market.
- Dividend Declaration: Philip Morris declared a $1.47 dividend per share, reflecting the company's ability to provide stable returns to shareholders while continuing to invest, which enhances investor confidence.
Analyst Views on PM
Wall Street analysts forecast PM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PM is 185.25 USD with a low forecast of 166.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 171.080
Low
166.00
Averages
185.25
High
200.00
Current: 171.080
Low
166.00
Averages
185.25
High
200.00
About PM
Philip Morris International Inc. is an international tobacco company. The Company’s product portfolio primarily consists of cigarettes and smoke-free products. Its smoke-free business (SFB) also includes wellness and healthcare products, as well as consumer accessories, such as lighters and matches. The Company’s segments include Europe Region; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); East Asia, Australia & PMI Global Travel Retail (EA, AU & PMI GTR), and Americas Region. The Company's brands include Marlboro, HEETS, IQOS, IQOS ILUMA, TEREA, VEEV and ZYN. Its IQOS smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Its international cigarette brands are Chesterfield, L&M, and Philip Morris. It also owns a number of local cigarette brands, such as Dji Sam Soe and Sampoerna A in Indonesia, and Fortune and Jackpot in the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
