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 (WHO). Since then, PM shares have decreased by 2.2% and is now trading at $78.08.
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12 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 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) released its earnings results on Tuesday, July, 21st. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.10 by $0.19. The company earned $6.65 billion during the quarter, compared to the consensus estimate of $6.54 billion. Philip Morris International had a negative return on equity of 80.24% and a net margin of 9.54%. The firm's quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 earnings per share.
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Philip Morris International announced a quarterly dividend on Wednesday, September 9th. Investors 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 dividend yield of 6.15%. 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 FY 2020 Pre-Market earnings guidance on Thursday, September, 10th. The company provided EPS guidance of 5.00-5.07 for the period, compared to the Thomson Reuters consensus estimate of $5.08.

12 equities research analysts have issued 1 year price targets for Philip Morris International's stock. Their forecasts range from $75.00 to $102.00. On average, they expect Philip Morris International's share price to reach $91.18 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
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Philip Morris International saw a decline in short interest in August. As of August 31st, there was short interest totaling 7,130,000 shares, a decline of 15.4% from the August 15th total of 8,430,000 shares. Based on an average daily volume of 4,480,000 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the shares of the 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 A/ADR (SWMAY), Vector Group (VGR), mCig (MCIG), 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.10%), BlackRock Inc. (6.01%), Bank of New York Mellon Corp (1.22%), First Eagle Investment Management LLC (0.83%), Charles Schwab Investment Management Inc. (0.74%) and Nuveen Asset Management LLC (0.72%). 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 FMR LLC, BlackRock Inc., Vanguard Group Inc., Toronto Dominion Bank, Bank of New York Mellon Corp, Diamond Hill Capital Management Inc., American International Group Inc., and State of Tennessee Treasury Department. 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 acquired by a variety of institutional investors in the last quarter, including Independent Franchise Partners LLP, GQG Partners LLC, London Co. of Virginia, Nordea Investment Management AB, Two Sigma Advisers LP, MUFG Securities EMEA plc, Victory Capital Management Inc., and Assenagon Asset Management S.A..
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 $78.08.

Philip Morris International has a market capitalization of $121.59 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.