Philip Morris International - PM Stock Forecast, Price & News

7 Wall Street 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 research analysts is that investors should "buy" PM shares.
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7 brokers have issued twelve-month price objectives for Philip Morris International's stock. Their PM share price forecasts range from $99.00 to $120.00. On average, they anticipate the company's share price to reach $110.33 in the next twelve months. This suggests a possible upside of 8.5% 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 7.1% and is now trading at $101.72.
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Philip Morris International saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,920,000 shares, an increase of 21.9% from the July 15th total of 7,320,000 shares. Based on an average daily trading volume, of 5,360,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
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Philip Morris International Inc. (NYSE:PM) released its quarterly earnings data on Thursday, July, 21st. The company reported $1.48 earnings per share 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 the consensus estimate 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 earnings per share.
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Philip Morris International announced a quarterly dividend on Friday, June 17th. Shareholders 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 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, June 30th.
Read our dividend analysis for PM.

Philip Morris International (NYSE:PM) pays an annual dividend of $5.00 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 85.91%. 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 85.03% 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 announced that its board has approved a share repurchase program on Friday, June 11th 2021, which allows the company to repurchase $7,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Philip Morris International issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share (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 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 shareholders include State Street Corp (3.70%), GQG Partners LLC (1.96%), Price T Rowe Associates Inc. MD (1.86%), FMR LLC (1.05%), Northern Trust Corp (0.92%) and Gardner Russo & Quinn LLC (0.45%). 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.
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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 $101.72.

Philip Morris International (NYSE:PM) has a market capitalization of $157.68 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.

The company 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 the company is www.pmi.com. The company can be reached via phone at (917) 663-2000 or via email at investorrelations@pmi.com.