NYSE:PMPhilip Morris International Stock Price, Forecast & 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 1.4% and is now trading at $78.72.
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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) issued its quarterly earnings results on Tuesday, July, 21st. The company reported $1.29 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.10 by $0.19. The business earned $6.65 billion during the quarter, compared to analysts' expectations of $6.54 billion. Philip Morris International had a negative return on equity of 80.24% and a net margin of 9.54%. The business's revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share.
View Philip Morris International's earnings history.

Philip Morris International announced a quarterly dividend on Friday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, June 19th.
View Philip Morris International's dividend history.

Philip Morris International issued an update on its FY20 earnings guidance on Tuesday, July, 21st. The company provided earnings per share guidance of $4.92-5.07 for the period, compared to the Thomson Reuters consensus estimate of $4.93.

14 Wall Street 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 $90.23 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
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Media headlines about PM stock have been trending somewhat positive on Wednesday, according to InfoTrie Sentiment. The research group ranks 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 -5 to 5, with scores nearest to five being the most favorable. Philip Morris International earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Philip Morris International.

Philip Morris International saw a increase in short interest in February. As of February 15th, there was short interest totaling 12,160,000 shares, an increase of 9.9% from the January 31st total of 11,060,000 shares. Based on an average trading volume of 4,800,000 shares, the short-interest ratio is currently 2.5 days. Currently, 0.8% of the shares of the 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), Johnson & Johnson (JNJ), Coca-Cola (KO), 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 retail and institutional investors. Top institutional shareholders include First Eagle Investment Management LLC (0.83%), 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%) and Pendal Group Ltd (0.22%). 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, Diamond Hill Capital Management Inc., Zurcher Kantonalbank Zurich Cantonalbank, Coronation Fund Managers Ltd., Oregon Public Employees Retirement Fund, Jennison Associates LLC, Russell Investments Group Ltd., and Gateway Investment Advisers 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 acquired 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, First Eagle Investment Management LLC, Prudential PLC, DAVENPORT & Co LLC, and LSV Asset Management.
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 $78.72.

Philip Morris International has a market capitalization of $122.59 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.