NYSE:PMPhilip Morris International Stock Price, Forecast & News

Philip Morris International's stock was trading at $79.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PM shares have decreased by 2.4% and is now trading at $77.96.
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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) posted its earnings results on Tuesday, July, 21st. The company reported $1.29 EPS for the quarter, beating the Zacks' consensus estimate of $1.10 by $0.19. The firm 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 business's revenue was down 13.6% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share.
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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 annualized dividend and a yield of 6.00%. The ex-dividend date is Friday, June 19th.
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Philip Morris International issued an update on its FY20 earnings guidance on Tuesday, July, 21st. The company provided earnings per share (EPS) guidance of $4.92-5.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.93.

14 analysts have issued 1 year target prices for Philip Morris International's shares. Their forecasts range from $75.00 to $102.00. On average, they expect Philip Morris International's stock price to reach $90.23 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price.
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Media headlines about PM stock have trended somewhat negative this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Philip Morris International earned a coverage optimism score of -1.6 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely 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 decline in short interest in June. As of June 15th, there was short interest totaling 7,980,000 shares, a decline of 17.0% from the May 31st total of 9,620,000 shares. Based on an average daily volume of 5,810,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the company are short sold.
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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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.10%), Bank of New York Mellon Corp (1.22%), First Eagle Investment Management LLC (0.83%), Federated Hermes Inc. (0.51%), Independent Franchise Partners LLP (0.46%) and Swiss National Bank (0.41%). 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 FMR LLC, Vanguard Group Inc., Toronto Dominion Bank, Bank of New York Mellon Corp, Diamond Hill Capital Management Inc., American International Group Inc., State of Tennessee Treasury Department, and AJO LP. Company insiders that have sold Philip Morris International company stock in the last year include Andre Calantzopoulos, and Marc S Firestone.
View insider buying and selling activity for Philip Morris International.

PM stock was purchased by a variety of institutional investors in the last quarter, including Independent Franchise Partners LLP, London Co. of Virginia, Nordea Investment Management AB, MUFG Securities EMEA plc, Victory Capital Management Inc., Assenagon Asset Management S.A., Pendal Group Ltd, and Fort Washington Investment Advisors Inc. OH.
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 $77.96.

Philip Morris International has a market capitalization of $121.41 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.