Philip Morris International - PM Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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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10 equities research analysts have issued 12 month price objectives for Philip Morris International's stock. Their PM share price forecasts range from $90.00 to $120.00. On average, they predict the company's share price to reach $110.17 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
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Philip Morris International's stock was trading at $101.21 at the start of the year. Since then, PM shares have increased by 0.8% and is now trading at $102.04.
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Philip Morris International saw a decline in short interest in December. As of December 30th, there was short interest totaling 7,060,000 shares, a decline of 20.9% from the December 15th total of 8,930,000 shares. Based on an average daily volume of 4,870,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.5% of the shares of the 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 will be holding an earnings conference call on Thursday, February 9th 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 earnings results on Monday, October, 18th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.03. The business earned $8.12 billion during the quarter, compared to analysts' expectations of $7.93 billion. Philip Morris International had a negative trailing twelve-month return on equity of 118.75% and a net margin of 10.73%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS.
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Philip Morris International announced a quarterly dividend on Thursday, December 8th. Shareholders of record on Thursday, December 22nd will be given a dividend of $1.27 per share on Wednesday, January 11th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Wednesday, December 21st.
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 4.95%. 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 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 85.23% 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 approved a share buyback program on Friday, June 11th 2021, which authorizes the company to repurchase $7,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is 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 variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.26%), New York State Common Retirement Fund (0.18%), DekaBank Deutsche Girozentrale (0.13%), Fort Washington Investment Advisors Inc. OH (0.13%), New York State Teachers Retirement System (0.12%) and Pendal Group Ltd (0.11%). 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 $102.04.

Philip Morris International (NYSE:PM) has a market capitalization of $158.18 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.