#6 - Philip Morris (NYSE:PM)
Philip Morris International Inc. (NYSE: PM) is in the category of sin stocks. The company has been undertaking a multi-year pivot towards smokeless tobacco products, including vapes. But despite revenue and earnings that have moved slightly higher in the last year, PM stock has been under pressure, down 12% in the last 12 months.
One thing that immediately stands out to investors is its dividend, which currently has a yield of 5.81%. The company has increased its dividend for 16 consecutive years and pays out $5.20 annually.
Nevertheless, Philip Morris should be on your list if you're looking for dividend stocks with a strong upside to go along with a reliable dividend. The company trades at 14x earnings. That compares favorably with the company's expectations for 11.4% earnings growth. Analysts have a Moderate Buy rating on PM stock with a potential upside of 17.6%.
About Philip Morris International
Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
Read More - Current Price
- $117.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $130.39 (11.2% Upside)
