Philip Morris International - PM Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PM, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued 1-year price objectives for Philip Morris International's shares. Their PM share price forecasts range from $90.00 to $120.00. On average, they predict the company's share price to reach $110.17 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
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Philip Morris International's stock was trading at $101.21 at the beginning of 2023. Since then, PM shares have decreased by 0.1% and is now trading at $101.14.
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Philip Morris International saw a drop in short interest in December. As of December 30th, there was short interest totaling 7,060,000 shares, a drop of 20.9% from the December 15th total of 8,930,000 shares. Based on an average daily volume of 4,870,000 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Philip Morris International will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Philip Morris International Inc. (NYSE:PM) released its quarterly earnings results on Monday, October, 18th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.03. The company earned $8.12 billion during the quarter, compared to analyst estimates of $7.93 billion. Philip Morris International had a net margin of 10.73% and a negative trailing twelve-month return on equity of 118.75%. The firm's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS.
Read the conference call transcript.

Philip Morris International declared a quarterly dividend on Thursday, December 8th. Investors of record on Thursday, December 22nd will be paid a dividend of $1.27 per share on Wednesday, January 11th. This represents a $5.08 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Wednesday, December 21st.
Read our dividend analysis for PM.

Philip Morris International (NYSE:PM) pays an annual dividend of $5.08 per share and currently has a dividend yield of 4.95%. PM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PM will have a dividend payout ratio of 85.23% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PM.

Philip Morris International announced that its board has authorized a share buyback program on Friday, June 11th 2021, which permits the company to repurchase $7,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

695 employees have rated Philip Morris International Chief Executive Officer André Calantzopoulos on Glassdoor.com. André Calantzopoulos has an approval rating of 86% among the company's employees.

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 investors include Ninety One UK Ltd (0.61%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Envestnet Asset Management Inc. (0.23%), New York State Common Retirement Fund (0.18%) and DekaBank Deutsche Girozentrale (0.13%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, Louis C Camilleri, Marc S Firestone, Marian Salzman, Mario Masseroli, Martin G King, Stacey Kennedy and Wilde Frederic De.
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Shares of PM stock 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.
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One share of PM stock can currently be purchased for approximately $101.14.

Philip Morris International (NYSE:PM) has a market capitalization of $156.79 billion and generates $82.22 billion in revenue each year. The company earns $9.11 billion in net income (profit) each year or $5.61 on an earnings per share basis.

The company employs 69,600 workers across the globe.

Philip Morris International's mailing address is 120 PARK AVENUE, NEW YORK NY, 10017. The official website for the company is www.pmi.com. The company can be reached via phone at (917) 663-2000 or via email at investorrelations@pmi.com.