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NYSE:PM

Philip Morris International - PM Stock Forecast, Price & News

$102.20
+0.39 (+0.38%)
(As of 02/7/2023 04:19 PM ET)
Add
Compare
Today's Range
$100.60
$102.36
50-Day Range
$97.79
$105.39
52-Week Range
$82.85
$112.48
Volume
3.93 million shs
Average Volume
4.52 million shs
Market Capitalization
$158.43 billion
P/E Ratio
18.22
Dividend Yield
4.95%
Price Target
$110.17

Philip Morris International MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
8.1% Upside
$110.17 Price Target
Short Interest
Healthy
0.48% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.58
Upright™ Environmental Score
News Sentiment
0.32mentions of Philip Morris International in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.58%
From $5.81 to $5.96 Per Share

Overall MarketRank

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

2.01 out of 5 stars

Consumer Staples Sector

81st out of 139 stocks

Cigarettes Industry

3rd out of 5 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, which are sold in markets outside the U.S. In its pursuit of working to deliver a smoke-free future, the company develops, scientifically substantiates, and commercializes smoke-free products for adults, who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Versions of PMI's IQOS Platform 1 devices and consumables have been authorized by the U.S. Food and Drug Administration as Modified Risk Tobacco Products (MRTPs), which are appropriate to promote the public health. It intends to expand into wellness and healthcare areas. The firm operates through the following geographical segments: the European Union, Eastern Europe, Middle East & Africa, South & Southeast Asia, East Asia & Australia,

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PM Stock News Headlines

Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Altria (MO) Q4 Earnings Meet Estimates
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Philip Morris: Too Expensive For Tobacco
Stifel Nicolaus Reaffirms Their Buy Rating on Philip Morris (PM)
Why This Philip Morris Analyst Is Turning Bullish On Tobacco Giant
See More Headlines
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PM Company Calendar

Last Earnings
10/18/2021
Ex-Dividend for 1/11 Dividend
12/21/2022
Dividend Payable
1/11/2023
Today
2/07/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Cigarettes
Sub-Industry
Tobacco
CUSIP
71817210
Fax
N/A
Employees
69,600
Year Founded
2008

Price Target and Rating

Average Stock Price Forecast
$110.17
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+7.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$9.11 billion
Pretax Margin
14.31%

Debt

Sales & Book Value

Annual Sales
$82.22 billion
Cash Flow
$6.71 per share
Book Value
($5.27) per share

Miscellaneous

Outstanding Shares
1,550,200,000
Free Float
1,548,187,000
Market Cap
$158.43 billion
Optionable
Optionable
Beta
0.68

Social Links


Key Executives

  • Jacek OlczakJacek Olczak
    Chief Executive Officer & Director
  • Massimo Andolina
    Senior Vice President-Operations
  • Emmanuel Andre Marie Babeau
    Chief Financial Officer
  • Michael Voegele
    Chief Digital & Information Officer
  • Suzanne Rich Folsom
    Senior Vice President & General Counsel













PM Stock - Frequently Asked Questions

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PM, but not buy additional shares or sell existing shares.
View PM analyst ratings
or view top-rated stocks.

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

10 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 share price to reach $110.17 in the next twelve months. This suggests a possible upside of 8.9% 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 at the beginning of 2023. Since then, PM shares have decreased by 0.1% and is now trading at $101.14.
View the best growth stocks for 2023 here
.

Are investors shorting Philip Morris International?

Philip Morris International saw a drop in short interest in December. As of December 30th, there was short interest totaling 7,060,000 shares, a drop of 20.9% from the December 15th total of 8,930,000 shares. Based on an average daily volume of 4,870,000 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company's shares are sold short.
View Philip Morris International's Short Interest
.

When is Philip Morris International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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 Thursday, February 9th 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 results on Monday, October, 18th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.03. The company earned $8.12 billion during the quarter, compared to analyst estimates of $7.93 billion. Philip Morris International had a net margin of 10.73% and a negative trailing twelve-month return on equity of 118.75%. The firm's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 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, December 8th. Investors of record on Thursday, December 22nd will be paid a dividend of $1.27 per share on Wednesday, January 11th. This represents a $5.08 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Wednesday, December 21st.
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 4.95%. 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 90.55%. 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 85.23% 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 announced that its board has authorized a share buyback program on Friday, June 11th 2021, which permits the company to repurchase $7,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

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 many different institutional and retail investors. Top institutional investors include Ninety One UK Ltd (0.61%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Envestnet Asset Management Inc. (0.23%), New York State Common Retirement Fund (0.18%) and DekaBank Deutsche Girozentrale (0.13%). Insiders that own company 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
.

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 $101.14.

How much money does Philip Morris International make?

Philip Morris International (NYSE:PM) has a market capitalization of $156.79 billion and generates $82.22 billion in revenue each year. The company earns $9.11 billion in net income (profit) each year or $5.61 on an earnings per share basis.

How many employees does Philip Morris International have?

The company employs 69,600 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..
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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 (917) 663-2000 or via email at investorrelations@pmi.com.

This page (NYSE:PM) was last updated on 2/7/2023 by MarketBeat.com Staff