Philip Morris stock hits all-time high at 190.98 USD

Philip Morris International stock has reached an all-time high of $190.98 USD, reflecting a strong 23.42% appreciation over the past year. The company boasts a P/E ratio of 26.3, a gross profit margin of 67%, and has consistently raised its dividend for 18 consecutive years. Despite an InvestingPro analysis suggesting overvaluation, recent positive earnings, analyst target raises, and strategic growth initiatives underpin this performance, while the company also faces challenges like India’s e-cigarette ban.

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