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 stock has increased by 1.9% and is now trading at $81.33.
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12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Philip Morris International stock.
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6,978 employees have rated Philip Morris International CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Philip Morris International's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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) issued its quarterly earnings results on Tuesday, October, 20th. The company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. The firm earned $7.45 billion during the quarter, compared to the consensus estimate of $7.27 billion. Philip Morris International had a negative return on equity of 78.02% and a net margin of 10.07%. The business's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share.
View Philip Morris International's earnings history.

Philip Morris International announced a quarterly dividend on Thursday, December 10th. Investors of record on Wednesday, December 23rd will be given a dividend of $1.20 per share on Monday, January 11th. This represents a $4.80 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Tuesday, December 22nd.
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Philip Morris International pays an annual dividend of $4.80 per share and currently has a dividend yield of 5.88%. PM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Philip Morris International has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Philip Morris International is 92.49%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Philip Morris International will have a dividend payout ratio of 82.90% in the coming year. This indicates that Philip Morris International may not be able to sustain their current dividend.
View Philip Morris International's dividend history.

Philip Morris International updated its FY 2020 Pre-Market earnings guidance on Wednesday, December, 2nd. The company provided earnings per share (EPS) guidance of 5.10-5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.12.

12 Wall Street analysts have issued 12-month price objectives for Philip Morris International's stock. Their forecasts range from $80.00 to $110.00. On average, they expect Philip Morris International's stock price to reach $96.69 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price.
View analysts' price targets for Philip Morris International or view Wall Street analyst' top-rated stocks.

Philip Morris International saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 9,480,000 shares, an increase of 28.1% from the December 15th total of 7,400,000 shares. Based on an average daily trading volume, of 5,260,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.6% of the company's stock are short sold.
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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), 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 number of retail and institutional investors. Top institutional shareholders include Pendal Group Limited (0.22%), Gateway Investment Advisers LLC (0.04%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.03%), Wedge Capital Management L L P NC (0.02%), RNC Capital Management LLC (0.02%) and State of Alaska Department of Revenue (0.02%). 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 Atalanta Sosnoff Capital LLC, Pendal Group Limited, Windward Capital Management Co. CA, Pacer Advisors Inc., USA Mutuals Advisors Inc., RNC Capital Management LLC, CHURCHILL MANAGEMENT Corp, and Wedge Capital Management L L P NC. 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 Kestra Advisory Services LLC, Exchange Traded Concepts LLC, Shone Asset Management LLC, Kinloch Capital LLC, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Crescent Capital Consulting LLC, and Foster Group Inc..
View insider buying and selling activity for Philip Morris International or or view top insider-buying stocks.

Shares of PM 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.

One share of PM stock can currently be purchased for approximately $81.33.

Philip Morris International has a market capitalization of $126.66 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.