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 twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PM shares.
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10 Wall Street research analysts have issued 12-month price targets for Philip Morris International's stock. Their PM share price forecasts range from $90.00 to $120.00. On average, they anticipate the company's stock price to reach $109.73 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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Philip Morris International's stock was trading at $101.21 on January 1st, 2023. Since then, PM shares have decreased by 8.4% and is now trading at $92.66.
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Philip Morris International saw a increase in short interest in February. As of February 28th, there was short interest totaling 8,280,000 shares, an increase of 18.5% from the February 13th total of 6,990,000 shares. Based on an average daily trading volume, of 4,730,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.5% of the shares of the stock are sold short.
View Philip Morris International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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Philip Morris International will be holding an earnings conference call on Thursday, April 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Philip Morris International Inc. (NYSE:PM) issued its quarterly earnings data on Thursday, February, 9th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $7.54 billion. Philip Morris International had a negative trailing twelve-month return on equity of 127.24% and a net margin of 11.22%. Philip Morris International's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 earnings per share.
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Philip Morris International announced a quarterly dividend on Thursday, March 9th. Shareholders of record on Thursday, March 23rd will be paid a dividend of $1.27 per share on Tuesday, April 11th. This represents a $5.08 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Wednesday, March 22nd.
Read our dividend analysis for PM.

ETFs with the largest weight of Philip Morris International (NYSE:PM) stock in their portfolio include iShares US Consumer Staples ETF (IYK), Cambria Cannabis ETF (TOKE), Constrained Capital ESG Orphans ETF (ORFN), First Trust Morningstar Dividend Leaders Index (FDL), VanEck Durable High Dividend ETF (DURA), Vanguard Consumer Staples ETF (VDC), iShares Global Consumer Staples ETF (KXI) and Fidelity MSCI Consumer Staples Index ETF (FSTA).

Philip Morris International (NYSE:PM) pays an annual dividend of $5.08 per share and currently has a dividend yield of 5.60%. 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 87.44%. 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 75.48% 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 stock repurchase 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 reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Philip Morris International updated its FY 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share (EPS) guidance of $6.25-$6.37 for the period, compared to the consensus estimate of $5.90. The company issued revenue guidance of -.

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 variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.81%), Price T Rowe Associates Inc. MD (2.18%), Geode Capital Management LLC (1.95%), Fundsmith LLP (1.06%), Moneta Group Investment Advisors LLC (1.01%) and Charles Schwab Investment Management Inc. (0.85%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, Louis C Camilleri, Marian Salzman, Mario Masseroli, Martin G King, Stacey Kennedy, Werner Barth 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 $92.66.

Philip Morris International (NYSE:PM) has a market capitalization of $143.64 billion and generates $80.67 billion in revenue each year. The company earns $9.05 billion in net income (profit) each year or $5.81 on an earnings per share basis.

The company employs 79,800 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 (203) 905-2410 or via email at investorrelations@pmi.com.