Philip Morris International Stock Forecast, Price & 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 (WHO). Since then, PM stock has decreased by 10.7% and is now trading at $71.33.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 hold rating and 10 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, February 4th 2021.
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Philip Morris International Inc. (NYSE:PM) issued its quarterly earnings results on Tuesday, October, 20th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.27 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 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share.
View Philip Morris International's earnings history.

Philip Morris International announced a quarterly dividend on Wednesday, September 9th. Stockholders of record on Thursday, September 24th will be paid a dividend of $1.20 per share on Tuesday, October 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Wednesday, September 23rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.17.
View Philip Morris International's dividend history.

Philip Morris International issued an update on its FY20 earnings guidance on Tuesday, October, 20th. The company provided earnings per share (EPS) guidance of $5.05.5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.10.

11 equities research analysts have issued 12 month price objectives for Philip Morris International's stock. Their forecasts range from $85.00 to $102.00. On average, they expect Philip Morris International's share price to reach $94.80 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
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Philip Morris International saw a drop in short interest in September. As of September 30th, there was short interest totaling 6,520,000 shares, a drop of 14.5% from the September 15th total of 7,630,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.4% of the company's shares are sold short.
View Philip Morris International's Short Interest.

Some companies that are related to Philip Morris International include British American Tobacco (BTI), Altria Group (MO), Swedish Match AB (publ) (SWMAY), Vector Group (VGR), 22nd Century Group (XXII), 22nd Century Group (XXII), BOTS (BTZI), Electronic Cigarettes International Group (ECIGQ) 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), 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 institutional and retail investors. Top institutional shareholders include Standard Life Aberdeen plc (0.22%), Envestnet Asset Management Inc. (0.11%), State of New Jersey Common Pension Fund D (0.07%), DAVENPORT & Co LLC (0.07%), State of Michigan Retirement System (0.06%) and LSV Asset Management (0.05%). Company insiders that own Philip Morris International stock include Andre Calantzopoulos, Louis C Camilleri, Marc S Firestone, Mario Masseroli and Michael R Kunst.
View institutional ownership trends for Philip Morris International.

PM stock was sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Wedge Capital Management L L P NC, Pacer Advisors Inc., Redpoint Investment Management Pty Ltd, State of New Jersey Common Pension Fund D, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Retirement Systems of Alabama, and Nissay Asset Management Corp Japan ADV. Company insiders that have sold Philip Morris International company stock in the last year include Andre Calantzopoulos, Louis C Camilleri, and Marc S Firestone.
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PM stock was bought by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Zweig DiMenna Associates LLC, Envestnet Asset Management Inc., Sanders Morris Harris LLC, Gateway Investment Advisers LLC, Avantax Advisory Services Inc., LSV Asset Management, and Bradley Foster & Sargent Inc. CT.
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 $71.33.

Philip Morris International has a market capitalization of $111.08 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.