As one of the biggest cigarette and tobacco manufacturing company, Philip Morris has become an iconic name in pop culture and the world of business.
With products sold in more than 180 countries worldwide, Philip Morris is now locked in a strategic position to experience bigger revenue growth in the future.
Sector: Consumer Defensive
As one of the world's big three tobacco companies, Philip Morris isn't resting on its laurels. It is in fact, deeply involved in developing what the company call as "reduced risk products" comprising of heated tobacco products. These products now make up almost 20% of the company's revenue.
And there’s more…
The introduction of IQOS products will add more revenue to Philip Morris as many industries that bans smoking can now allow the use of IQOS smoking alternatives—like for example, in the hospitality industry that bans smoking in most hotel rooms. Many locations around the world are now implying that they are "pleased to accommodate users of heated tobacco technology"—a development that could mean more revenue and growth for Philip Morris.
Bear in mind…
In this article, we will study the possibility of investing on Philip Morris stock by discussing the prospect and future product development of the company.
We will also introduce you to two of the most prominent online trading platforms—which are perfect for CFD trading—in the world today: eToro and Plus500.
If you’re ready, then let’s start studying the prospect of investing on Philip Morris stocks.
Table of Contents
- Why Trade Philip Morris Stock?
- Philip Morris Stock Performance
- Philip Morris Stock Forecast
- How to Trade Philip Morris Stock?
- Frequently Asked Questions (FAQ)
- Best Brokers for Trading Philip Morris Stocks
Why Trade Philip Morris Stock?
It seems like the worst is over for Philip Morris after going through the negative effects of the 2020 Covid-19 pandemic, as the company is on the verge of a strong rebound. With stock prices of PM experiencing a respectable increase from March 2020 to its current value, analysts believe it still has the potential to soar higher.
The impending re-opening of the world economy and lifting of lockdowns are expected to generate further increase in the company's stock value—something financial watchers expect to hover just above 8% from the current share price of PM.
Given its pricing power, cost discipline and robust balance sheet, we believe Philip Morris appears well positioned to navigate the ongoing transition from traditional combustible tobacco products to “heat not burn” alternatives.
Giant investment company First Eagle Investment Management said in a statement
Philip Morris Stock Performance
With a market cap of $122 billion and growing, Philip Morris has maintained strong showing in the stock market since its IPO as a spin-off company in 2008 (from its original corporation founded in 1847).
Despite controversy surrounding the harmful effects of smoking, Philip Morris remains one of the world's most iconic brands and to show that it is open to innovation, the company is pooling more than $7 billion to develop safer and smoke-free products.
This decision is seen as a major driving force for more stock value increase in the future.
- Copy investment portfolios of top Philip Morris traders
- Trade stocks commission-free
- Practice with a free demo account
- No overnight fees
- Risk management tools
Fast gaining popularity among the investor community, eToro has gained more than 14 million users—thanks to its powerful features that make investing easier and more manageable at any time and everywhere in the world.
It is now wonder many are considering eToro as the best trading platform for CFD trading.
eToro’s fantastic set of features include:
CopyTrading - this is a robust feature that provides users a medium to search and copy successful traders for them to learn and invest properly.
CopyPortfolios - this is another valuable feature that teaches traders the proper way of expanding their portfolios without risking their investments by reducing the chances of experiencing losses through wise trading decisions.
And another thing:
The Analyst Coverage page is where users can find beneficial information about the industry, the market, company stocks, forecasts and other data you can use when making investment decisions.
Another good news…
eToro is also a fully regulated brokerage platform and follows the strict guidelines imposed by different regulatory bodies including the following:
- CySEC – Cyprus Securities and Exchange Commission
- FCA – Financial Conduct Authority
- ASIC – Australian Securities and Investments Commission
- Competitive spreads for Philip Morris
- Trading with as little as $100
- Fast and reliable order execution
- Risk management tools
- Fully regulated by the FCA, CySEC and ASIC
Millions of traders are raving about the trademarked trading platform of Plus500—when investing on CFD stocks because of the tool’s powerful features and user-friendliness that also comes with a set of risk management tools that provides traders more control and security of their investments.
Available through mobile application, via internet browsers and accessible through all computing gadgets, Plus500 also provides the perfect investment app perfect for investors on the go.
One more thing…
Plus500 online trading platform follows all rules and guidelines set by financial governing bodies and is regulated by leading regulatory boards:
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500UK Ltd authorised & regulated by the FCA (#509909).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Philip Morris Stock Forecast
Below is a roundup of our analysis of Philip Morris’ share value in close relation to current market performance and future trends.
These stock forecasts are based on current stock and company performance and is meant to guide your decision-making.
Remember, that the final decision is still yours to make.
2021 and beyond: Delivering a Smoke-free future
Imagining Philip Morris being a leading innovator of a smoke-free future may be impossible to comprehend years ago.
But today, it is becoming a reality as the company focuses on developing products that will provide “less harmful, yet satisfying, alternatives to smoking” within a year or two from now.
In fact, Philip Morris has started marketing several smoke-free products in the market today and has attracted millions of people already
Because of this innovation being developed by the company for the future, the outlook for Philip Morris stock growth rises from medium to high.
How to Trade Philip Morris Stock?
Simply follow the steps below and you're good to go:
Open an account with an online broker.
For you to trade Philip Morris stock and other company shares, first you need to open an account with a brokerage which offers a platform for trading.
Signing-up for an account only takes a few minutes to accomplish and after completing this process, you need to make a deposit so you can start investing.
Open your broker's trading platform.
Let's say you have opened an account with a specific brokerage and you have already funded it. The next step to do is to open their platform to start trading.
Look for the Philip Morris stock (symbol: PM).
After opening the platform, search for the Philip Morris stock by using the search bar and entering either "Philip Morris" or its stock symbol "PM".
Select Trade and set the amount.
Click on "Trade" and specify the amount that you wish to invest. You may also set several specific parameters depending the features that are offered to you by your broker.
Execute the order.
Initiate the trade by executing the order.
Should I trade Philip Morris stock?
Yes. Driven by a strong performance and an expanding marketplace, Philip Morris is well positioned in amassing increased revenue in the coming years.
Thanks to its IQOS heated tobacco smoking alternative that is the only e-Cigarette in the world approved the US Food and Drug Administration, Philip Morris is expected to dominate the alternative cigarette market.
While everyone knows that cigarette smoking is bad for the health, the outlook for Philip Morris stocks remains good for investors.
So, are you are ready to trade Philip Morris shares?
If you are now convinced on investing on Philip Morris stocks, then we highly recommend that you look for a trusted and regulated brokerage firm that can assure you proper management and control of your investment.
Frequently Asked Questions (FAQ)
How Much is the Philip Morris Stock?
Here is the current stock market price of ( )
Who Owns the Most Shares of Philip Morris?
The Vanguard Group owns the largest number of Philip Morris shares with 126,207,146 stocks worth $8,842,072,648.
How Many Outstanding Shares Does Philip Morris Have?
Based on latest figures, Philip Morris’ outstanding shares is 1.56 billion.
Where Can I Trade Philip Morris Stock?
When trading Philip Morris stocks, we highly recommend the two leading online trading platforms used by many traders today. These are the Plus500 and eToro, two popular CFD (contracts for difference) trading applications trusted by investors all over the world.
Best Brokers for Trading Philip Morris Stocks
We've prepared a table of the most trusted and regulated brokers that offers Philip Morris stock CFD trading services.
All you have to do is click on the Philip Morris Page button of your preferred broker and you will be taken straight to their stock trading page.
Min Deposit: $200
Regulation: CYSEC, FCA
Min Deposit: $100
Regulation: FCA, ASIC, CySEC
Min Deposit: $100
Regulation: CBI, ASIC, FSC, FSA, FSB
Min Deposit: $5
Regulation: IFSC, ASIC, CySEC