Philip Morris International Stock Price, News & Analysis (NYSE:PM)

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last twelve months. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PM shares.
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10 brokerages have issued twelve-month price objectives for Philip Morris International's stock. Their PM share price targets range from $90.00 to $120.00. On average, they anticipate the company's stock price to reach $109.27 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
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Philip Morris International's stock was trading at $101.21 at the start of the year. Since then, PM shares have decreased by 9.8% and is now trading at $91.31.
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Philip Morris International saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 5,210,000 shares, a decrease of 24.1% from the October 15th total of 6,860,000 shares. Based on an average daily trading volume, of 3,860,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
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Philip Morris International Inc. (NYSE:PM) announced its quarterly earnings results on Thursday, October, 19th. The company reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.05. The company had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $9.21 billion. Philip Morris International had a net margin of 9.62% and a negative trailing twelve-month return on equity of 129.48%. The business's revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share.
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Philip Morris International announced a quarterly dividend on Thursday, December 7th. Stockholders of record on Thursday, December 21st will be paid a dividend of $1.30 per share on Wednesday, January 10th. This represents a $5.20 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Wednesday, December 20th.
Read our dividend analysis for PM.

Philip Morris International (NYSE:PM) pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.71%. 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 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.97%. 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 79.88% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PM.

ETFs with the largest weight of Philip Morris International (NYSE:PM) stock in their portfolio include iShares U.S. Consumer Staples ETF (IYK), Cambria Cannabis ETF (TOKE), First Trust Morningstar Dividend Leaders Index (FDL), Constrained Capital ESG Orphans ETF (ORFN), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Fidelity MSCI Consumer Staples Index ETF (FSTA), Vanguard Consumer Staples ETF (VDC) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

Philip Morris International issued an update on its FY23 earnings guidance on Tuesday, December, 5th. The company provided EPS guidance of $6.05.6.08 for the period, compared to the consensus EPS estimate of $6.11.

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.

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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (2.76%), Wellington Management Group LLP (1.79%), Invesco Ltd. (1.10%), FMR LLC (0.93%), Bank of New York Mellon Corp (0.92%) and Charles Schwab Investment Management Inc. (0.85%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, Marian Salzman, Mario Masseroli, Martin G King, Stacey Kennedy, Werner Barth and Wilde Frederic De.
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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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