Philip Morris International Stock Forecast, Price & News

Philip Morris International's stock was trading at $79.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PM shares have decreased by 3.7% and is now trading at $76.89.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 2 hold ratings and 9 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, February 4th 2021.
View our earnings forecast for Philip Morris International.

Philip Morris International Inc. (NYSE:PM) posted its earnings results on Tuesday, October, 20th. The company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.36 by $0.06. The business earned $7.45 billion during the quarter, compared to analysts' expectations of $7.27 billion. Philip Morris International had a negative return on equity of 80.24% and a net margin of 9.54%. Philip Morris International's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share.
View Philip Morris International's earnings history.

Philip Morris International declared a quarterly dividend on Wednesday, September 9th. Shareholders of record on Thursday, September 24th will be given a dividend of $1.20 per share on Tuesday, October 13th. This represents a $4.80 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a boost from Philip Morris International's previous quarterly dividend of $1.17.
View Philip Morris International's dividend history.

Philip Morris International issued an update on its FY20 earnings guidance on Tuesday, October, 20th. The company provided earnings per share guidance of $5.05.5.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.10.

11 Wall Street analysts have issued 1-year target prices for Philip Morris International's shares. Their forecasts range from $80.00 to $110.00. On average, they expect Philip Morris International's stock price to reach $95.50 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
View analysts' price targets for Philip Morris International.

Some companies that are related to Philip Morris International include British American Tobacco (BTI), Altria Group (MO), Swedish Match AB (publ) (SWMAY), Vector Group (VGR), 22nd Century Group (XXII), 22nd Century Group (XXII), BOTS (BTZI), White Fox Ventures (AWAW) and Electronic Cigarettes International Group (ECIGQ).
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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), The 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.86%), State Street Corp (3.80%), Morgan Stanley (3.03%), Charles Schwab Investment Management Inc. (0.71%), Nuveen Asset Management LLC (0.71%) and Massachusetts Financial Services Co. MA (0.59%). Company insiders that own Philip Morris International stock include Andre Calantzopoulos, Louis C Camilleri, Marc S Firestone, Mario Masseroli and Michael R Kunst.
View institutional ownership trends for Philip Morris International.

PM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, AQR Capital Management LLC, The Manufacturers Life Insurance Company, Thrivent Financial for Lutherans, Public Employees Retirement Association of Colorado, Allianz Asset Management GmbH, and MUFG Securities EMEA plc. Company insiders that have sold Philip Morris International company stock in the last year include Andre Calantzopoulos, Louis C Camilleri, and Marc S Firestone.
View insider buying and selling activity for Philip Morris International.

PM stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Morgan Stanley, Teacher Retirement System of Texas, Fort Washington Investment Advisors Inc. OH, Todd Asset Management LLC, CHURCHILL MANAGEMENT Corp, Natixis, and Victory Capital Management 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 $76.89.

Philip Morris International has a market capitalization of $119.74 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.