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. Since then, PM stock has decreased by 4.1% and is now trading at $76.53.
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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) posted its quarterly earnings results on Tuesday, July, 21st. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.10 by $0.19. The firm had revenue of $6.65 billion for 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% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share.
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Philip Morris International declared a quarterly dividend on Friday, June 5th. Stockholders of record on Monday, June 22nd will be paid a dividend of $1.17 per share on Friday, July 10th. This represents a $4.68 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend 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 guidance of $4.92-5.07 for the period, compared to the Thomson Reuters consensus estimate of $4.93.

14 brokerages have issued 1-year 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 stock price to reach $91.46 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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News articles about PM stock have been trending somewhat negative on Tuesday, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Philip Morris International earned a news impact score of -1.7 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate 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 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 number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.39%), New York State Teachers Retirement System (0.15%), Raymond James & Associates (0.13%), Schafer Cullen Capital Management Inc (0.11%), Coho Partners Ltd. (0.11%) and Prudential PLC (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 purchased 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 $76.53.

Philip Morris International has a market capitalization of $119.18 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.