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NYSE:PM

Philip Morris International (PM) Stock Forecast, Price & News

$90.34
+0.33 (+0.37%)
(As of 02:51 PM ET)
Compare
Today's Range
$89.62
$90.76
50-Day Range
$90.01
$101.51
52-Week Range
$82.85
$107.72
Volume
2.03 million shs
Average Volume
4.44 million shs
Market Capitalization
$140.23 billion
P/E Ratio
16.16
Dividend Yield
5.62%
Price Target
$110.60

Philip Morris International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
22.4% Upside
$110.60 Price Target
Short Interest
Healthy
0.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.58
Upright™ Environmental Score
News Sentiment
0.58mentions of Philip Morris International in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$786,800 Sold Last Quarter
Proj. Earnings Growth
8.87%
From $6.20 to $6.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Consumer Staples Sector

155th out of 276 stocks

Cigarettes Industry

3rd out of 12 stocks


PM stock logo

About Philip Morris International (NYSE:PM) Stock

Philip Morris International, Inc. is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas. The company was founded by Philip Morris in 1847 and is headquartered in Stamford, CT.

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PM Stock News Headlines

Philip Morris Dreams of Becoming an ESG Stock
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
See More Headlines

PM Price History

PM Company Calendar

Ex-Dividend for 4/11 Dividend
3/22/2023
Dividend Payable
4/11/2023
Last Earnings
4/20/2023
Today
6/01/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Cigarettes
Sub-Industry
Tobacco
CUSIP
71817210
Fax
N/A
Employees
79,800
Year Founded
2008

Price Target and Rating

Average Stock Price Forecast
$110.60
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+22.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$9.05 billion
Pretax Margin
13.61%

Debt

Sales & Book Value

Annual Sales
$80.67 billion
Cash Flow
$6.80 per share
Book Value
($4.54) per share

Miscellaneous

Outstanding Shares
1,552,200,000
Free Float
1,550,179,000
Market Cap
$140.55 billion
Optionable
Optionable
Beta
0.68

Social Links


Key Executives

  • Jacek OlczakJacek Olczak
    Chief Executive Officer & Director
  • Emmanuel Andre Marie Babeau
    Chief Financial Officer
  • Michael Voegele
    Chief Digital & Information Officer
  • Suzanne Rich Folsom
    Senior Vice President & General Counsel
  • Darlene Quashie Henry
    Secretary & Vice President













PM Stock - Frequently Asked Questions

Should I buy or sell Philip Morris International stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PM shares.
View PM analyst ratings
or view top-rated stocks.

What is Philip Morris International's stock price forecast for 2023?

10 Wall Street research analysts have issued 12-month price objectives for Philip Morris International's stock. Their PM share price forecasts range from $90.00 to $120.00. On average, they predict the company's stock price to reach $110.60 in the next year. This suggests a possible upside of 22.3% from the stock's current price.
View analysts price targets for PM
or view top-rated stocks among Wall Street analysts.

How have PM shares performed in 2023?

Philip Morris International's stock was trading at $101.21 on January 1st, 2023. Since then, PM shares have decreased by 10.7% and is now trading at $90.41.
View the best growth stocks for 2023 here
.

When is Philip Morris International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our PM earnings forecast
.

How were Philip Morris International's earnings last quarter?

Philip Morris International Inc. (NYSE:PM) issued its quarterly earnings results on Thursday, April, 20th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The business earned $8.10 billion during the quarter, compared to analysts' expectations of $8.03 billion. Philip Morris International had a net margin of 10.80% and a negative trailing twelve-month return on equity of 128.55%. Philip Morris International's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share.
Read the conference call transcript
.

How often does Philip Morris International pay dividends? What is the dividend yield for Philip Morris International?

Philip Morris International declared a quarterly dividend on Thursday, March 9th. Stockholders of record on Thursday, March 23rd will be given a dividend of $1.27 per share on Tuesday, April 11th. This represents a $5.08 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Wednesday, March 22nd.
Read our dividend analysis for PM
.

Is Philip Morris International a good dividend stock?

Philip Morris International (NYSE:PM) pays an annual dividend of $5.08 per share and currently has a dividend yield of 5.63%. PM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PM will have a dividend payout ratio of 75.26% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PM.

How will Philip Morris International's stock buyback program work?

Philip Morris International declared that its Board of Directors has authorized a stock buyback plan on Friday, June 11th 2021, which authorizes the company to repurchase $7,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

What guidance has Philip Morris International issued on next quarter's earnings?

Philip Morris International updated its FY23 earnings guidance on Thursday, April, 20th. The company provided earnings per share guidance of $6.10-$6.22 for the period, compared to the consensus EPS estimate of $6.34.

What is André Calantzopoulos' approval rating as Philip Morris International's CEO?

695 employees have rated Philip Morris International Chief Executive Officer André Calantzopoulos on Glassdoor.com. André Calantzopoulos has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Philip Morris International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Philip Morris International investors own include Altria Group (MO), AT&T (T), AbbVie (ABBV), Coca-Cola (KO), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Chevron (CVX) and Bank of America (BAC).

What is Philip Morris International's stock symbol?

Philip Morris International trades on the New York Stock Exchange (NYSE) under the ticker symbol "PM."

Who are Philip Morris International's major shareholders?

Philip Morris International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.08%), State Street Corp (3.66%), Price T Rowe Associates Inc. MD (2.25%), Geode Capital Management LLC (1.79%), GQG Partners LLC (1.39%) and Wellington Management Group LLP (1.38%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, Louis C Camilleri, Marian Salzman, Mario Masseroli, Martin G King, Stacey Kennedy, Werner Barth and Wilde Frederic De.
View institutional ownership trends
.

How do I buy shares of Philip Morris International?

Shares of PM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Philip Morris International's stock price today?

One share of PM stock can currently be purchased for approximately $90.41.

How much money does Philip Morris International make?

Philip Morris International (NYSE:PM) has a market capitalization of $140.33 billion and generates $80.67 billion in revenue each year. The company earns $9.05 billion in net income (profit) each year or $5.59 on an earnings per share basis.

How many employees does Philip Morris International have?

The company employs 79,800 workers across the globe.

Does Philip Morris International have any subsidiaries?
The following companies are subsidiares of Philip Morris International: AO "Philip Morris Izhora", Compania Colombiana de Tabaco S.A.S., DIN Fabrika Duvana AD, Lakson Tobacco Company Limited (Philip Morris International), Latin America and Canada Investments B.V., Limited Liability Company "Philip Morris Sales & Distribution", Limited Liability Company "Philip Morris Sales and Marketing", Massalin Particulares S.R.L., PHILSA Philip Morris Sabanci Sigara ve Tutunculuk Sanayi ve Ticaret A.S., PMFTC Inc., PT Hanjaya Mandala Sampoerna Tbk., PT Philip Morris Indonesia, Papastratos Cigarette Manufacturing Company, Papastratos Cigarettes Manufacturing Company S.A., Philip Morris & Company (UK) Limited, Philip Morris (Pakistan) Limited, Philip Morris Benelux BVBA, Philip Morris Brands Sàrl, Philip Morris Brasil Industria e Comercio Ltda., Philip Morris CR a.s., Philip Morris Exports Sàrl, Philip Morris Finance SA, Philip Morris Finland Ltd, Philip Morris Global Brands Inc., Philip Morris GmbH, Philip Morris Holland Holdings B.V., Philip Morris International Holdings B.V., Philip Morris Investments B.V., Philip Morris Italia S.r.l., Philip Morris Japan Limited, Philip Morris Kazakhstan LLP, Philip Morris Korea Inc., Philip Morris Limited, Philip Morris Manufacturing & Technology Bologna S.p.A., Philip Morris Manufacturing GmbH, Philip Morris Mexico Productos Y Servicios Sociedad de Responsabilidad Limitada de Capital Variable, Philip Morris Mexico Sociedad Anónima de Capital Variable, Philip Morris Misr Limited Liability Company, Philip Morris Operations a.d. Nis, Philip Morris Philippines Manufacturing Inc., Philip Morris Polska Distribution Sp. z.o.o., Philip Morris Polska Spolka Akcyjna, Philip Morris Products S.A., Philip Morris Romania S.R.L., Philip Morris SA Philip Morris Sabanci Pazarlama ve Satis A.S., Philip Morris Trading (Thailand) Company Limited, Productora Tabacalera de Colombia, Rocker Producuction AB, Rothmans LLP, Swedish Match (South Africa), Tabaqueira - Empresa Industrial de Tabacos S.A., and Tabaqueira II S.A..
Read More
How can I contact Philip Morris International?

Philip Morris International's mailing address is 120 PARK AVENUE, NEW YORK NY, 10017. The official website for the company is www.pmi.com. The company can be reached via phone at (203) 905-2410 or via email at investorrelations@pmi.com.

This page (NYSE:PM) was last updated on 6/1/2023 by MarketBeat.com Staff

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