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 (WHO). Since then, PM shares have decreased by 3.4% and is now trading at $77.10.
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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) released its quarterly earnings results on Tuesday, July, 21st. The company reported $1.29 EPS for the quarter, beating 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 net margin of 9.54% and a negative return on equity of 80.24%. The business's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS.
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Philip Morris International announced a quarterly dividend on Friday, June 5th. Investors 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 6.07%. 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 earnings per share estimate of $4.93.

14 equities research analysts have issued twelve-month price targets for Philip Morris International's shares. Their forecasts range from $75.00 to $114.00. On average, they anticipate Philip Morris International's share price to reach $91.46 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
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News stories about PM stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Philip Morris International earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
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Philip Morris International saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,990,000 shares, an increase of 6.1% from the June 30th total of 7,530,000 shares. Based on an average daily trading volume, of 5,200,000 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the company's shares 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 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), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Coca-Cola (KO), Bristol-Myers Squibb (BMY), Verizon Communications (VZ), 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 investors include Sumitomo Mitsui Trust Holdings Inc. (0.39%), DekaBank Deutsche Girozentrale (0.15%), New York State Teachers Retirement System (0.15%), Raymond James & Associates (0.13%), Schafer Cullen Capital Management Inc (0.11%) and Coho Partners Ltd. (0.11%). 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 Zurcher Kantonalbank Zurich Cantonalbank, Oregon Public Employees Retirement Fund, Gateway Investment Advisers LLC, Atalanta Sosnoff Capital LLC, 6 Meridian, Mackay Shields LLC, Raymond James & Associates, and IFM Investors Pty Ltd. 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 Assenagon Asset Management S.A., Fort Washington Investment Advisors Inc. OH, Prudential PLC, DAVENPORT & Co LLC, Pacer Advisors Inc., First Trust Advisors LP, SG Americas Securities LLC, and Envestnet Asset Management Inc..
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 $77.10.

Philip Morris International has a market capitalization of $120.07 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.