Philip Morris International Stock Forecast, Price & News

Philip Morris International's stock was trading at $79.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PM shares have decreased by 11.5% and is now trading at $70.68.
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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 1 hold rating and 10 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.
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Philip Morris International Inc. (NYSE:PM) posted its quarterly earnings data on Tuesday, October, 20th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The firm earned $7.45 billion during the quarter, compared to analyst estimates of $7.27 billion. Philip Morris International had a net margin of 9.54% and a negative return on equity of 80.24%. Philip Morris International's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share.
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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 6.79%. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.17.
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Philip Morris International issued an update on its FY20 earnings guidance on Tuesday, October, 20th. The company provided earnings per share (EPS) guidance of $5.05.5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.10.

11 equities research analysts have issued 1-year target prices for Philip Morris International's stock. Their forecasts range from $85.00 to $102.00. On average, they expect Philip Morris International's stock price to reach $94.80 in the next year. This suggests a possible upside of 34.1% from the stock's current price.
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Philip Morris International saw a drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,520,000 shares, a drop of 14.5% from the September 15th total of 7,630,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Approximately 0.4% of the company's stock are sold short.
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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), Electronic Cigarettes International Group (ECIGQ) 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), 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 institutional and retail investors. Top institutional shareholders include Standard Life Aberdeen plc (0.22%), DekaBank Deutsche Girozentrale (0.14%), Envestnet Asset Management Inc. (0.11%), Toronto Dominion Bank (0.11%), State of New Jersey Common Pension Fund D (0.07%) and DAVENPORT & Co LLC (0.07%). 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 DekaBank Deutsche Girozentrale, Standard Life Aberdeen plc, Wedge Capital Management L L P NC, Pacer Advisors Inc., Redpoint Investment Management Pty Ltd, State of New Jersey Common Pension Fund D, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, and Keybank National Association OH. Company insiders that have sold Philip Morris International company stock in the last year include Andre Calantzopoulos, Louis C Camilleri, and Marc S Firestone.
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PM stock was purchased by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Zweig DiMenna Associates LLC, Crawford Investment Counsel Inc., Railway Pension Investments Ltd, Envestnet Asset Management Inc., Banque Cantonale Vaudoise, Robeco Institutional Asset Management B.V., and Sanders Morris Harris LLC.
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 $70.68.

Philip Morris International has a market capitalization of $110.07 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.