Philip Morris (PM, $75.28) increases quarterly dividend by +2.6%
Philip Morris International announced a dividend hike to an annualized $4.68 a share.
The tobacco company’s new quarterly dividend of $1.17 per share, up +2.6% from $1.14, would be payable payable Oct. 11 to holders of record Sept. 25.
Based on Tuesday's Philip Morris stock closing price of $74.50, the new annual dividend rate of $4.68 a share indicates a dividend yield of 6.28%, which is significantly higher than the yield for the SPDR Consumer Discretionary Select Sector ETF of 1.23% and also greater than the implied yield for the S&P 500 of 1.97% (according to FactSet).
In August, Philip Morris confirmed that it was in talks with Altria regarding a potential merger. Interestingly, Philip Morris was once an operating firm of Altria. In 2008, Altria spun off Philip Morris and focused on the domestic cigarette market, while Philip Morris went on to have a larger overseas presence.
Philip Morris, along with several of its peers, has ventured into the e-cigarette market, amidst declining global sales of tobacco products.
PM in downward trend: price dove below 50-day moving average on October 03, 2024
PM moved below its 50-day moving average on October 03, 2024 date and that indicates a change from an upward trend to a downward trend. In of 41 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for PM moved out of overbought territory on September 11, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 52 similar instances where the indicator moved out of overbought territory. In of the 52 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PM as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PM turned negative on September 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PM entered a downward trend on October 07, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PM advanced for three days, in of 373 cases, the price rose further within the following month. The odds of a continued upward trend are .
PM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 76%.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PM's P/B Ratio (0.000) is slightly lower than the industry average of (3.027). PM has a moderately high P/E Ratio (21.487) as compared to the industry average of (12.369). PM's Projected Growth (PEG Ratio) (1.758) is slightly lower than the industry average of (15.195). Dividend Yield (0.043) settles around the average of (0.058) among similar stocks. P/S Ratio (5.179) is also within normal values, averaging (8.286).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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General Information
a manufacturer of cigarettes and other tobacco products
Industry Tobacco