Philip Morris International - PM Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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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7 equities research analysts have issued 1 year target prices for Philip Morris International's stock. Their PM share price forecasts range from $95.00 to $120.00. On average, they predict the company's share price to reach $107.50 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
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Philip Morris International's stock was trading at $95.00 at the start of the year. Since then, PM shares have increased by 7.0% and is now trading at $101.63.
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Philip Morris International saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 10,210,000 shares, an increase of 16.3% from the October 15th total of 8,780,000 shares. Based on an average daily volume of 4,270,000 shares, the short-interest ratio is presently 2.4 days. Currently, 0.7% of the company's stock 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 Inc. (NYSE:PM) released its quarterly earnings data on Thursday, October, 20th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.15. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.30 billion. Philip Morris International had a net margin of 10.73% and a negative trailing twelve-month return on equity of 118.75%. Philip Morris International's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share.
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Philip Morris International declared a quarterly dividend on Wednesday, September 14th. Investors of record on Wednesday, September 28th will be paid a dividend of $1.27 per share on Wednesday, October 12th. This represents a $5.08 annualized dividend and a yield of 5.00%. The ex-dividend date is Tuesday, September 27th. This is a boost from the stock's previous quarterly dividend of $1.25.
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 4.91%. 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 13 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 88.97% 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 declared that its Board of Directors has authorized a stock buyback program on Friday, June 11th 2021, which authorizes the company to buyback $7,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.55%), BlackRock Inc. (6.51%), State Street Corp (3.73%), Price T Rowe Associates Inc. MD (2.29%), Bank of New York Mellon Corp (1.04%) and Cibc World Markets Corp (0.87%). 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 $101.63.

Philip Morris International (NYSE:PM) has a market capitalization of $157.55 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.