Philip Morris International (PM) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PM shares.
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10 Wall Street research analysts have issued 1 year price objectives for Philip Morris International's stock. Their PM share price forecasts range from $90.00 to $120.00. On average, they expect the company's share price to reach $111.40 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
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Philip Morris International's stock was trading at $101.21 at the beginning of 2023. Since then, PM shares have decreased by 5.0% and is now trading at $96.16.
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Philip Morris International saw a increase in short interest in July. As of July 15th, there was short interest totaling 7,160,000 shares, an increase of 14.7% from the June 30th total of 6,240,000 shares. Based on an average daily volume of 4,500,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our PM earnings forecast.

Philip Morris International Inc. (NYSE:PM) released its quarterly earnings results on Thursday, July, 20th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. The business earned $8.97 billion during the quarter, compared to the consensus estimate of $8.76 billion. Philip Morris International had a net margin of 11.63% and a negative trailing twelve-month return on equity of 127.84%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS.
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Philip Morris International declared a quarterly dividend on Friday, June 9th. Investors of record on Friday, June 23rd will be paid a dividend of $1.27 per share on Tuesday, July 11th. This represents a $5.08 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, June 22nd.
Read our dividend analysis for PM.

ETFs with the largest weight of Philip Morris International (NYSE:PM) stock in their portfolio include iShares U.S. Consumer Staples ETF (IYK), Cambria Cannabis ETF (TOKE), First Trust Morningstar Dividend Leaders Index (FDL), Constrained Capital ESG Orphans ETF (ORFN), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Fidelity MSCI Consumer Staples Index ETF (FSTA), Vanguard Consumer Staples ETF (VDC) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

Philip Morris International (NYSE:PM) pays an annual dividend of $5.08 per share and currently has a dividend yield of 5.28%. 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 98.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PM will have a dividend payout ratio of 74.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PM.

Philip Morris International issued an update on its FY23 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $6.13-$6.22 for the period, compared to the consensus EPS estimate of $6.24.

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 Capital World Investors (7.48%), Capital International Investors (6.85%), BlackRock Inc. (6.15%), Capital Research Global Investors (3.32%), Geode Capital Management LLC (1.84%) and Cornerstone Advisors LLC (1.71%). 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 $96.16.

Philip Morris International (NYSE:PM) has a market capitalization of $149.27 billion and generates $80.67 billion in revenue each year. The company earns $9.05 billion in net income (profit) each year or $5.17 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.