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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PM shares.
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11 equities research analysts have issued 1 year price objectives for Philip Morris International's shares. Their PM share price forecasts range from $90.00 to $120.00. On average, they predict the company's stock price to reach $110.64 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
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Philip Morris International's stock was trading at $101.21 on January 1st, 2023. Since then, PM stock has decreased by 7.4% and is now trading at $93.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
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Philip Morris International will be holding an earnings conference call on Thursday, October 19th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Philip Morris International Inc. (NYSE:PM) announced its quarterly earnings results on Thursday, July, 20th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. The company had revenue of $8.97 billion for the quarter, compared to analysts' expectations of $8.76 billion. Philip Morris International had a negative trailing twelve-month return on equity of 127.84% and a net margin of 11.63%. The business's revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 EPS.
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Philip Morris International announced a quarterly dividend on Wednesday, September 13th. Shareholders of record on Wednesday, September 27th will be given a dividend of $1.30 per share on Thursday, October 12th. This represents a $5.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Tuesday, September 26th. This is a positive change from the stock's previous quarterly dividend of $1.27.
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 (NYSE:PM) pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.30%. 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 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.58%. 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 76.58% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PM.

Philip Morris International issued an update on its FY23 earnings guidance on Thursday, July, 20th. The company provided EPS guidance of $6.13-$6.22 for the period, compared to the consensus earnings per share estimate of $6.24.

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

Philip Morris International's stock is owned by many different retail and institutional investors. Top institutional investors include Capital World Investors (7.48%), Capital International Investors (6.85%), BlackRock Inc. (6.15%), State Street Corp (3.77%), Capital Research Global Investors (3.32%) and Geode Capital Management LLC (1.84%). 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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One share of PM stock can currently be purchased for approximately $93.72.

Philip Morris International (NYSE:PM) has a market capitalization of $145.49 billion and generates $33.17 billion in revenue each year. The company earns $9.05 billion in net income (profit) each year or $5.17 on an earnings per share basis.

The company employs 79,800 workers across the globe.

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.