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

8 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 6 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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8 analysts have issued 12-month price objectives for Philip Morris International's stock. Their PM share price targets range from $86.50 to $117.00. On average, they expect the company's stock price to reach $107.39 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
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Philip Morris International's stock was trading at $94.08 at the beginning of the year. Since then, PM stock has decreased by 5.4% and is now trading at $89.01.
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Philip Morris International saw a increase in short interest in December. As of December 31st, there was short interest totaling 8,410,000 shares, an increase of 82.4% from the December 15th total of 4,610,000 shares. Based on an average daily volume of 4,550,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
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Philip Morris International Inc. (NYSE:PM) issued its earnings results on Thursday, February, 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by $0.08. The business had revenue of $9.05 billion for the quarter, compared to analysts' expectations of $8.99 billion. Philip Morris International had a negative trailing twelve-month return on equity of 129.48% and a net margin of 9.62%. Philip Morris International's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS.

Philip Morris International declared a quarterly dividend on Thursday, December 7th. Investors of record on Thursday, December 21st will be given a dividend of $1.30 per share on Wednesday, January 10th. This represents a $5.20 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Wednesday, December 20th.
Read our dividend analysis for PM.

Philip Morris International (NYSE:PM) pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.67%. 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 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.97%. 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 78.91% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 6.320-6.440 for the period, compared to the consensus earnings per share estimate of 6.600. 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's stock is owned by many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.86%), Mitsubishi UFJ Asset Management Co. Ltd. (0.67%), Ninety One UK Ltd (0.61%), First Eagle Investment Management LLC (0.58%), Federated Hermes Inc. (0.47%) and Boston Partners (0.34%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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