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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
NYSE:PM

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

$88.87
-0.56 (-0.63%)
(As of 04/12/2024 ET)
Today's Range
$88.66
$89.54
50-Day Range
$88.98
$95.36
52-Week Range
$87.23
$101.92
Volume
5.52 million shs
Average Volume
5.49 million shs
Market Capitalization
$138.15 billion
P/E Ratio
17.70
Dividend Yield
5.85%
Price Target
$105.40

Philip Morris International MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.6% Upside
$105.40 Price Target
Short Interest
Healthy
0.47% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.58
Upright™ Environmental Score
News Sentiment
0.51mentions of Philip Morris International in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth
9.70%
From $6.39 to $7.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.11 out of 5 stars

Consumer Staples Sector

127th out of 396 stocks

Cigarettes Industry

1st out of 15 stocks

PM stock logo

About Philip Morris International Stock (NYSE:PM)

Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness and healthcare products. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.

PM Stock Price History

PM Stock News Headlines

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Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Big Tobacco Is Now Under the Zynfluence
The 3 Best Dividend Stocks to Buy in Q2 2024
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 4/9 Dividend
3/20/2024
Dividend Payable
4/09/2024
Today
4/12/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cigarettes
Sub-Industry
Tobacco
CUSIP
71817210
Fax
N/A
Employees
82,700
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$105.40
High Stock Price Target
$117.00
Low Stock Price Target
$86.50
Potential Upside/Downside
+18.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$7.81 billion
Pretax Margin
29.71%

Debt

Sales & Book Value

Annual Sales
$35.17 billion
Cash Flow
$7.28 per share
Book Value
($6.08) per share

Miscellaneous

Outstanding Shares
1,554,551,000
Free Float
1,552,530,000
Market Cap
$138.03 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Mr. Andre Calantzopoulos (Age 66)
    Executive Chairman of the Board
  • Mr. Jacek Olczak (Age 59)
    CEO & Director
    Comp: $6.02M
  • Mr. Emmanuel Babeau (Age 57)
    Chief Financial Officer
    Comp: $3.54M
  • Mr. Frederic de Wilde (Age 57)
    President of South & Southeast Asia, Commonwealth of Ind. States and Middle East & Africa Region
    Comp: $2.28M
  • Mr. Stefano Volpetti (Age 52)
    President of Smoke-Free Inhalable Products & Chief Consumer Officer
    Comp: $2.31M
  • Mr. Scott Coutts
    Senior Vice President of Operations
  • Mr. Frank De Rooij (Age 58)
    Vice President of Treasury & Corporate Finance
  • Mr. Michael Voegele (Age 51)
    Chief Digital & Information Officer
  • Mr. James R. Bushnell
    Vice President of Investor Relations & Financial Communications
  • Mr. Yann Guerin (Age 47)
    Senior VP & General Counsel

Should I Buy Philip Morris International Stock? PM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Philip Morris International Inc.:

  • Philip Morris International is actively working towards a smoke-free future and expanding its product portfolio beyond traditional tobacco products, which could attract environmentally conscious investors.
  • The company's focus on smoke-free products like IQOS and ZYN brands aligns with the growing trend towards reduced-risk alternatives in the tobacco industry, potentially appealing to health-conscious consumers.
  • Recent financial data indicates a stable market cap of $146.37 billion, a PE ratio of 18.81, and a positive revenue growth of 11.0% year-over-year, showcasing the company's financial strength and growth potential.
  • Philip Morris International's innovative approach to consumer accessories, such as lighters and matches, diversifies its revenue streams and enhances its market competitiveness in the tobacco industry.
  • The company's strategic acquisitions and partnerships, like the recent increase in shares by Wellington Management Group LLP, demonstrate investor confidence in Philip Morris International's long-term growth prospects.

Cons

Investors should be bearish about investing in Philip Morris International Inc. for these reasons:

  • Despite efforts towards a smoke-free future, Philip Morris International's core business still heavily relies on traditional tobacco products, which face increasing regulatory challenges and shifting consumer preferences away from smoking.
  • The company's negative return on equity of 116.29% raises concerns about its profitability and operational efficiency, indicating potential risks for investors seeking stable returns.
  • Philip Morris International's recent earnings report showed a lower-than-expected EPS of $1.36, missing the consensus estimate by $0.08, which may signal challenges in meeting financial expectations and market performance.
  • The company's stock price volatility, with a 12-month low of $87.23 and a high of $101.92, suggests potential market uncertainty and risk for investors looking for stable investment opportunities.
  • Investors should consider the ethical implications of investing in a tobacco company like Philip Morris International, as concerns over public health and social responsibility could impact the company's reputation and long-term sustainability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Philip Morris International pros and cons to contact@marketbeat.com.

PM Stock Analysis - Frequently Asked Questions

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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PM shares.
View PM analyst ratings
or view top-rated stocks.

What is Philip Morris International's stock price target for 2024?

10 Wall Street analysts have issued twelve-month target prices for Philip Morris International's shares. Their PM share price targets range from $86.50 to $117.00. On average, they predict the company's stock price to reach $105.40 in the next year. This suggests a possible upside of 18.6% 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 2024?

Philip Morris International's stock was trading at $94.08 at the beginning of the year. Since then, PM shares have decreased by 5.6% and is now trading at $88.85.
View the best growth stocks for 2024 here
.

When is Philip Morris International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our PM earnings forecast
.

How can I listen to Philip Morris International's earnings call?

Philip Morris International will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Philip Morris International's earnings last quarter?

Philip Morris International Inc. (NYSE:PM) released its quarterly earnings data on Thursday, February, 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by $0.08. The firm earned $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative trailing twelve-month return on equity of 116.29%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS.
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 7th. Shareholders of record on Thursday, March 21st will be given a dividend of $1.30 per share on Tuesday, April 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Wednesday, March 20th.
Read our dividend analysis for PM
.

Is Philip Morris International a good dividend stock?

Philip Morris International (NYSE:PM) pays an annual dividend of $5.20 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 103.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PM will have a dividend payout ratio of 74.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PM.

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

Philip Morris International updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of $6.43-6.55 for the period, compared to the consensus estimate of $6.41.

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).

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 Perpetual Ltd (0.16%), Banque Cantonale Vaudoise (0.09%), Caledonia Investments PLC (0.05%), Ferguson Wellman Capital Management Inc. (0.04%), Czech National Bank (0.02%) and Global Assets Advisory LLC (0.01%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, Mario Masseroli, Martin G King, Massimo Andolina, Reginaldo Dobrowolski, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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..
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This page (NYSE:PM) was last updated on 4/12/2024 by MarketBeat.com Staff

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