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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSE:PM

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

$92.23
+1.85 (+2.05%)
(As of 03/27/2024 ET)
Today's Range
$90.69
$92.28
50-Day Range
$88.98
$95.36
52-Week Range
$87.23
$101.92
Volume
8.71 million shs
Average Volume
5.43 million shs
Market Capitalization
$143.18 billion
P/E Ratio
18.37
Dividend Yield
5.64%
Price Target
$105.40

Philip Morris International MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.3% Upside
$105.40 Price Target
Short Interest
Healthy
0.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.58
Upright™ Environmental Score
News Sentiment
0.68mentions of Philip Morris International in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth
9.70%
From $6.39 to $7.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.73 out of 5 stars

Consumer Staples Sector

11th out of 130 stocks

Cigarettes Industry

1st out of 5 stocks

PM stock logo

About Philip Morris International Stock (NYSE:PM)

Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness and healthcare products. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.

PM Stock Price History

PM Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
The 3 Best Dividend Stocks to Buy in Q2 2024
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Philip Morris: Smokeless Future Shines Brightly
Female Smoking Rates by Country: Top 20
See More Headlines
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Company Calendar

Ex-Dividend for 1/10 Dividend
12/20/2023
Dividend Payable
1/10/2024
Last Earnings
2/08/2024
Ex-Dividend for 4/9 Dividend
3/20/2024
Today
3/27/2024
Dividend Payable
4/09/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cigarettes
Sub-Industry
Tobacco
CUSIP
71817210
Fax
N/A
Employees
82,700
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$105.40
High Stock Price Target
$117.00
Low Stock Price Target
$86.50
Potential Upside/Downside
+14.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$7.81 billion
Pretax Margin
29.71%

Debt

Sales & Book Value

Annual Sales
$35.17 billion
Cash Flow
$7.45 per share
Book Value
($6.08) per share

Miscellaneous

Outstanding Shares
1,552,457,000
Free Float
1,550,128,000
Market Cap
$143.18 billion
Optionable
Optionable
Beta
0.61

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Andre Calantzopoulos (Age 66)
    Executive Chairman of the Board
  • Mr. Jacek OlczakMr. Jacek Olczak (Age 59)
    CEO & Director
    Comp: $6.02M
  • Mr. Emmanuel Babeau (Age 57)
    Chief Financial Officer
    Comp: $3.54M
  • Mr. Frederic de Wilde (Age 57)
    President of South & Southeast Asia, Commonwealth of Ind. States and Middle East & Africa Region
    Comp: $2.28M
  • Mr. Stefano Volpetti (Age 52)
    President of Smoke-Free Inhalable Products & Chief Consumer Officer
    Comp: $2.31M
  • Mr. Scott Coutts
    Senior Vice President of Operations
  • Mr. Frank De Rooij (Age 58)
    Vice President of Treasury & Corporate Finance
  • Mr. Michael Voegele (Age 51)
    Chief Digital & Information Officer
  • Mr. James R. Bushnell
    Vice President of Investor Relations & Financial Communications
  • Mr. Yann Guerin (Age 47)
    Senior VP & General Counsel

Should I Buy Philip Morris International Stock? PM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Philip Morris International was last updated on Monday, March 25, 2024 at 11:57 AM.

Pros

Here are some ways that investors could benefit from investing in Philip Morris International Inc.:

  • Philip Morris International Inc. is actively working towards a smoke-free future, which aligns with the global trend towards healthier lifestyles and reduced tobacco consumption.
  • The company has a diverse product portfolio that includes smoke-free products like heat-not-burn, vapor, and oral nicotine products, catering to changing consumer preferences and regulatory environments.
  • Recent acquisitions and partnerships indicate the company's commitment to expanding its offerings beyond traditional tobacco products, potentially opening up new revenue streams.
  • Philip Morris International Inc.'s stock price has shown resilience and stability, with a market cap of $146.37 billion, indicating a strong position in the market.
  • The company's focus on innovation and research to develop new products demonstrates a proactive approach to staying competitive in the evolving tobacco industry.

Cons

Investors should be bearish about investing in Philip Morris International Inc. for these reasons:

  • Despite efforts towards a smoke-free future, regulatory challenges and increasing scrutiny on tobacco companies could pose risks to the company's long-term growth prospects.
  • The negative return on equity of 116.29% reported by Philip Morris International Inc. raises concerns about the company's profitability and financial performance.
  • Missed earnings estimates in recent quarters, such as the $0.08 shortfall in EPS reported in the last quarter, may indicate potential challenges in meeting market expectations.
  • The company's PEG ratio of 2.09 suggests that the stock may be overvalued relative to its earnings growth potential, which could deter value-oriented investors.
  • Philip Morris International Inc.'s revenue growth, while positive, may not be sufficient to offset the declining demand for traditional tobacco products in the long run.

PM Stock Analysis - Frequently Asked Questions

Should I buy or sell Philip Morris International stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PM shares.
View PM analyst ratings
or view top-rated stocks.

What is Philip Morris International's stock price target for 2024?

10 Wall Street research analysts have issued twelve-month target prices for Philip Morris International's stock. Their PM share price targets range from $86.50 to $117.00. On average, they predict the company's share price to reach $105.40 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts price targets for PM
or view top-rated stocks among Wall Street analysts.

How have PM shares performed in 2024?

Philip Morris International's stock was trading at $94.08 at the beginning of the year. Since then, PM stock has decreased by 2.0% and is now trading at $92.23.
View the best growth stocks for 2024 here
.

When is Philip Morris International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our PM earnings forecast
.

How can I listen to Philip Morris International's earnings call?

Philip Morris International will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Philip Morris International's earnings last quarter?

Philip Morris International Inc. (NYSE:PM) posted its quarterly earnings results on Thursday, February, 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by $0.08. The firm earned $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a negative trailing twelve-month return on equity of 116.29% and a net margin of 8.53%. Philip Morris International's revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share.
Read the conference call transcript
.

How often does Philip Morris International pay dividends? What is the dividend yield for Philip Morris International?

Philip Morris International announced a quarterly dividend on Thursday, March 7th. Stockholders of record on Thursday, March 21st will be given a dividend of $1.30 per share on Tuesday, April 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Wednesday, March 20th.
Read our dividend analysis for PM
.

Is Philip Morris International a good dividend stock?

Philip Morris International (NYSE:PM) pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.72%. 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 103.59%. 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 74.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PM.

What guidance has Philip Morris International issued on next quarter's earnings?

Philip Morris International issued an update on its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of $6.43-6.55 for the period, compared to the consensus estimate of $6.41.

What is André Calantzopoulos' approval rating as Philip Morris International's CEO?

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.

What other stocks do shareholders of Philip Morris International own?

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).

Who are Philip Morris International's major shareholders?

Philip Morris International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.77%), Capital World Investors (7.06%), Capital International Investors (6.61%), Capital Research Global Investors (3.76%), Price T Rowe Associates Inc. MD (1.82%) and Wellington Management Group LLP (1.74%). Insiders that own company stock include Andre Calantzopoulos, Drago Azinovic, Mario Masseroli, Martin G King, Massimo Andolina, Reginaldo Dobrowolski, Stacey Kennedy, Werner Barth and Wilde Frederic De.
View institutional ownership trends
.

How do I buy shares of Philip Morris International?

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.
Compare Top Brokerages Here.

Does Philip Morris International have any subsidiaries?
The following companies are subsidiares of Philip Morris International: AO "Philip Morris Izhora", Compania Colombiana de Tabaco S.A.S., DIN Fabrika Duvana AD, Lakson Tobacco Company Limited (Philip Morris International), Latin America and Canada Investments B.V., Limited Liability Company "Philip Morris Sales & Distribution", Limited Liability Company "Philip Morris Sales and Marketing", Massalin Particulares S.R.L., PHILSA Philip Morris Sabanci Sigara ve Tutunculuk Sanayi ve Ticaret A.S., PMFTC Inc., PT Hanjaya Mandala Sampoerna Tbk., PT Philip Morris Indonesia, Papastratos Cigarette Manufacturing Company, Papastratos Cigarettes Manufacturing Company S.A., Philip Morris & Company (UK) Limited, Philip Morris (Pakistan) Limited, Philip Morris Benelux BVBA, Philip Morris Brands Sàrl, Philip Morris Brasil Industria e Comercio Ltda., Philip Morris CR a.s., Philip Morris Exports Sàrl, Philip Morris Finance SA, Philip Morris Finland Ltd, Philip Morris Global Brands Inc., Philip Morris GmbH, Philip Morris Holland Holdings B.V., Philip Morris International Holdings B.V., Philip Morris Investments B.V., Philip Morris Italia S.r.l., Philip Morris Japan Limited, Philip Morris Kazakhstan LLP, Philip Morris Korea Inc., Philip Morris Limited, Philip Morris Manufacturing & Technology Bologna S.p.A., Philip Morris Manufacturing GmbH, Philip Morris Mexico Productos Y Servicios Sociedad de Responsabilidad Limitada de Capital Variable, Philip Morris Mexico Sociedad Anónima de Capital Variable, Philip Morris Misr Limited Liability Company, Philip Morris Operations a.d. Nis, Philip Morris Philippines Manufacturing Inc., Philip Morris Polska Distribution Sp. z.o.o., Philip Morris Polska Spolka Akcyjna, Philip Morris Products S.A., Philip Morris Romania S.R.L., Philip Morris SA Philip Morris Sabanci Pazarlama ve Satis A.S., Philip Morris Trading (Thailand) Company Limited, Productora Tabacalera de Colombia, Rocker Producuction AB, Rothmans LLP, Swedish Match (South Africa), Tabaqueira - Empresa Industrial de Tabacos S.A., and Tabaqueira II S.A..
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This page (NYSE:PM) was last updated on 3/28/2024 by MarketBeat.com Staff

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