Philip Morris International - PM Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last twelve months. There are currently 4 hold ratings and 3 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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7 brokers have issued 1 year target prices for Philip Morris International's shares. Their PM share price forecasts range from $99.00 to $120.00. On average, they predict the company's stock price to reach $108.89 in the next year. This suggests a possible upside of 27.4% 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 stock has decreased by 10.0% and is now trading at $85.48.
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Philip Morris International saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,710,000 shares, an increase of 21.6% from the August 31st total of 6,340,000 shares. Based on an average daily volume of 4,210,000 shares, the short-interest ratio is currently 1.8 days. Currently, 0.5% of the company's shares are short sold.
View Philip Morris International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PM earnings forecast.

Philip Morris International will be holding an earnings conference call on Thursday, October 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) announced its quarterly earnings results on Thursday, July, 21st. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.24. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative trailing twelve-month return on equity of 115.36%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share.
Read the conference call transcript.

Philip Morris International announced a quarterly dividend on Wednesday, September 14th. Shareholders of record on Wednesday, September 28th will be given a dividend of $1.27 per share on Wednesday, October 12th. This represents a $5.08 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend 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 5.84%. 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 87.29%. 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 86.84% 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 has authorized a stock buyback plan on Friday, June 11th 2021, which allows the company to buyback $7,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Philip Morris International issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share (EPS) guidance of $5.23-$5.34 for the period, compared to the consensus EPS estimate of $5.45. 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 institutional and retail investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.01%), Beese Fulmer Investment Management Inc. (0.01%), Capital Investment Advisors LLC (0.00%), Fulton Bank N.A. (0.00%), Thomasville National Bank (0.00%) and LVM Capital Management Ltd. MI (0.00%). 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.
View institutional ownership trends.

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 $85.48.

Philip Morris International (NYSE:PM) has a market capitalization of $132.51 billion and generates $82.22 billion in revenue each year. The company earns $9.11 billion in net income (profit) each year or $5.82 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.