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 twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PM shares.
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10 Wall Street research analysts have issued 12 month price targets for Philip Morris International's shares. Their PM share price forecasts range from $90.00 to $120.00. On average, they anticipate the company's stock price to reach $110.60 in the next twelve months. This suggests a possible upside of 18.7% 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 decreased by 7.9% and is now trading at $93.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
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Philip Morris International Inc. (NYSE:PM) posted its quarterly earnings results on Thursday, April, 20th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.03 billion. Philip Morris International had a negative trailing twelve-month return on equity of 128.55% and a net margin of 10.80%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS.
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Philip Morris International declared a quarterly dividend on Thursday, March 9th. Investors of record on Thursday, March 23rd will be paid a dividend of $1.27 per share on Tuesday, April 11th. This represents a $5.08 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Wednesday, March 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), Constrained Capital ESG Orphans ETF (ORFN), First Trust Morningstar Dividend Leaders Index (FDL), VanEck Durable High Dividend ETF (DURA), WisdomTree U.S. High Dividend Fund (DHS), Vanguard Consumer Staples ETF (VDC) and Federated Hermes U.S. Strategic Dividend ETF (FDV).

Philip Morris International (NYSE:PM) pays an annual dividend of $5.08 per share and currently has a dividend yield of 5.49%. 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 90.88%. 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 75.26% 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 share buyback plan on Friday, June 11th 2021, which permits the company to buyback $7,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Philip Morris International issued an update on its FY23 earnings guidance on Thursday, April, 20th. The company provided EPS guidance of $6.10-$6.22 for the period, compared to the consensus earnings per share estimate of $6.34.

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.08%), State Street Corp (3.66%), Price T Rowe Associates Inc. MD (2.25%), Geode Capital Management LLC (1.79%), GQG Partners LLC (1.39%) and Wellington Management Group LLP (1.38%). 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 $93.19.

Philip Morris International (NYSE:PM) has a market capitalization of $144.65 billion and generates $80.67 billion in revenue each year. The company earns $9.05 billion in net income (profit) each year or $5.59 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.