NYSE:PMPhilip Morris International Stock Price, Forecast & News

Philip Morris International's stock was trading at $79.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PM shares have decreased by 2.2% and is now trading at $78.05.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 sell rating, 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Philip Morris International is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
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Philip Morris International Inc. (NYSE:PM) posted its quarterly earnings data on Tuesday, July, 21st. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.19. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.54 billion. Philip Morris International had a net margin of 9.54% and a negative return on equity of 80.24%. The business's quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS.
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Philip Morris International declared a quarterly dividend on Friday, June 5th. Shareholders of record on Monday, June 22nd will be given a dividend of $1.17 per share on Friday, July 10th. This represents a $4.68 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, June 19th.
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Philip Morris International issued an update on its FY20 earnings guidance on Tuesday, July, 21st. The company provided earnings per share (EPS) guidance of $4.92-5.07 for the period, compared to the Thomson Reuters consensus estimate of $4.93.

14 equities research analysts have issued 12 month target prices for Philip Morris International's shares. Their forecasts range from $75.00 to $102.00. On average, they anticipate Philip Morris International's share price to reach $90.23 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Headlines about PM stock have been trending very positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Philip Morris International earned a coverage optimism score of 3.2 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
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Philip Morris International saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,990,000 shares, an increase of 6.1% from the July 15th total of 7,530,000 shares. Based on an average daily trading volume, of 5,200,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.5% of the company's stock are sold short.
View Philip Morris International's Short Interest.

Some companies that are related to Philip Morris International include Altria Group (MO), British American Tobacco (BTI), SWEDISH MATCH A/ADR (SWMAY), Vector Group (VGR), mCig (MCIG) and White Fox Ventures (AWAW).
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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), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Coca-Cola (KO), Bristol-Myers Squibb (BMY), Verizon Communications (VZ), 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 a number of retail and institutional investors. Top institutional shareholders include Swiss National Bank (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Troy Asset Management Ltd (0.23%), New York State Common Retirement Fund (0.23%), Pendal Group Ltd (0.22%) and PNC Financial Services Group Inc. (0.16%). Company insiders that own Philip Morris International stock include Andre Calantzopoulos, Louis C Camilleri, Marc S Firestone, Mario Masseroli and Michael R Kunst.
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PM stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Zurcher Kantonalbank Zurich Cantonalbank, Coronation Fund Managers Ltd., Oregon Public Employees Retirement Fund, Jennison Associates LLC, Russell Investments Group Ltd., Gateway Investment Advisers LLC, and Atalanta Sosnoff Capital LLC. Company insiders that have sold Philip Morris International company stock in the last year include Andre Calantzopoulos, and Marc S Firestone.
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PM stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Assenagon Asset Management S.A., Pendal Group Ltd, Fort Washington Investment Advisors Inc. OH, Prudential PLC, DAVENPORT & Co LLC, LSV Asset Management, and Pacer Advisors Inc..
View insider buying and selling activity for Philip Morris International.

Shares of PM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PM stock can currently be purchased for approximately $78.05.

Philip Morris International has a market capitalization of $121.55 billion and generates $77.92 billion in revenue each year. The company earns $7.19 billion in net income (profit) each year or $5.19 on an earnings per share basis. Philip Morris International employs 73,500 workers across the globe.

The official website for Philip Morris International is www.pmi.com.

Philip Morris International's mailing address is 120 PARK AVENUE, NEW YORK NY, 10017. The company can be reached via phone at 917-663-2000.