Philip Morris International - PM Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Philip Morris International stock.
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7 equities research analysts have issued 1-year price targets for Philip Morris International's shares. Their PM stock forecasts range from $99.00 to $120.00. On average, they predict Philip Morris International's share price to reach $110.33 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
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Philip Morris International's stock was trading at $95.00 at the beginning of 2022. Since then, PM shares have increased by 2.7% and is now trading at $97.60.
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Philip Morris International saw a decline in short interest in July. As of July 15th, there was short interest totaling 7,320,000 shares, a decline of 23.0% from the June 30th total of 9,510,000 shares. Based on an average daily trading volume, of 5,430,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the shares of the stock are short sold.
View Philip Morris International's Short Interest.

Philip Morris International is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our earnings forecast for Philip Morris International.

Philip Morris International Inc. (NYSE:PM) posted its quarterly earnings data on Thursday, July, 21st. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.22. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative trailing twelve-month return on equity of 115.36%. Philip Morris International's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share.
Read Philip Morris International's conference call transcript.

Philip Morris International announced a quarterly dividend on Friday, June 17th. Stockholders of record on Friday, July 1st will be paid a dividend of $1.25 per share on Friday, July 15th. This represents a $5.00 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Thursday, June 30th.
View Philip Morris International's dividend history.

Philip Morris International(NYSE:PM) pays an annual dividend of $5.00 per share and currently has a dividend yield of 5.12%. PM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Philip Morris International 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 of Philip Morris International is 85.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Philip Morris International will have a dividend payout ratio of 85.03% in the coming year. This indicates that Philip Morris International may not be able to sustain their current dividend.
View Philip Morris International's dividend history.

Philip Morris International declared that its board has approved a stock repurchase program on Friday, June 11th 2021, which permits the company to repurchase $7,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Philip Morris International issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of $5.23-$5.34 for the period, compared to the consensus earnings per share estimate of $5.45. The company issued revenue guidance of -.

695 employees have rated Philip Morris International CEO André Calantzopoulos on Glassdoor.com. André Calantzopoulos has an approval rating of 86% among Philip Morris International's employees.

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).

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

Philip Morris International's stock is owned by many different institutional and retail investors. Top institutional shareholders include Gardner Russo & Quinn LLC (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Envestnet Asset Management Inc. (0.20%), abrdn plc (0.16%), Victory Capital Management Inc. (0.13%) and Fort Washington Investment Advisors Inc. OH (0.13%). Company insiders that own Philip Morris International stock include Andre Calantzopoulos, Drago Azinovic, Louis C Camilleri, Marc S Firestone, Marian Salzman, Mario Masseroli, Martin G King, Stacey Kennedy and Wilde Frederic De.
View institutional ownership trends for 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.
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One share of PM stock can currently be purchased for approximately $97.60.

Philip Morris International (NYSE:PM) has a market capitalization of $151.30 billion and generates $82.22 billion in revenue each year. The company earns $9.11 billion in net income (profit) each year or $5.82 on an earnings per share basis.

Philip Morris International employs 69,600 workers across the globe.

Philip Morris International was founded in 2008.

Philip Morris International's mailing address is 120 PARK AVENUE, NEW YORK NY, 10017. The official website for Philip Morris International is www.pmi.com. The company can be reached via phone at (917) 663-2000 or via email at investorrelations@pmi.com.