Philip Morris International Inc. (PM)

NYSE: PM · Real-Time Price · USD
124.22
+2.05 (1.68%)
At close: Dec 20, 2024, 4:00 PM
124.00
-0.22 (-0.18%)
After-hours: Dec 20, 2024, 7:39 PM EST
1.68%
Market Cap 193.14B
Revenue (ttm) 37.22B
Net Income (ttm) 9.81B
Shares Out 1.55B
EPS (ttm) 6.30
PE Ratio 19.72
Forward PE 17.67
Dividend $5.40 (4.35%)
Ex-Dividend Date Sep 26, 2024
Volume 9,021,808
Open 122.50
Previous Close 122.17
Day's Range 122.21 - 124.77
52-Week Range 87.82 - 134.15
Beta 0.55
Analysts Buy
Price Target 127.86 (+2.93%)
Earnings Date Feb 6, 2025

About 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 incorporat... [Read more]

Industry Tobacco
Founded 1987
Employees 82,700
Stock Exchange NYSE
Ticker Symbol PM
Full Company Profile

Financial Performance

In 2023, PM's revenue was $35.17 billion, an increase of 10.74% compared to the previous year's $31.76 billion. Earnings were $7.79 billion, a decrease of -13.66%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for PM stock is "Buy." The 12-month stock price forecast is $127.86, which is an increase of 2.93% from the latest price.

Price Target
$127.86
(2.93% upside)
Analyst Consensus: Buy
Stock Forecasts

News

If I Could Only Buy 2 High Dividend Yield Companies In December 2024: Both Yield Above 7%

I will demonstrate why I believe that Altria and BB Seguridade Participações S.A. could be attractive additions to your dividend portfolio. Both companies have an attractive Valuation, combine dividen...

Other symbols: AIGBTIMO
6 days ago - Seeking Alpha

Philip Morris to pay $1.2 mln to settle probe into flavored tobacco ban violation

Tobacco giant Philip Morris International's subsidiary Swedish Match North America(SMNA) will pay $1.2 million to settle an investigation into violations of Washington D.C.'s flavored tobacco ban.

9 days ago - Reuters

Altria Is Better Than Philip Morris Per The 10xEBT Rule

This article explains why I like MO better than PM, following the so-called rule of 10xEBT (earnings before taxes). MO features a lower EBT multiple (only about 8.1x of its FWD EBT) than PM (about 15x...

Other symbols: MO
10 days ago - Seeking Alpha

Philip Morris International Declares Regular Quarterly Dividend of $1.35 Per Share

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (NYSE: PM) today declared a regular quarterly dividend of $1.35 per common share, payable on ...

10 days ago - Business Wire

Philip Morris Continues To Reward Shareholders

Philip Morris International's strong Q3 2024 results show 2.9% organic shipment volume growth and double-digit revenue increase, highlighting its resilience in a tough market. The company's smoke-free...

20 days ago - Seeking Alpha

Philip Morris International Marks a Decade of IQOS—a Milestone in the Journey to a Smoke-Free Future

STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) marks the 10th anniversary of the introduction of its leading smoke-free product, IQOS. The launch of this smoke-free i...

25 days ago - Business Wire

The Ministry of the Interior and Safety in Korea Promotes its Support Services for Households in crisis with Philip Morris Korea

SEOUL, Korea, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Ministry of the Interior and Safety in Korea is taking a significant step to support households in crisis by collaborating with Philip Morris Korea....

25 days ago - GlobeNewsWire

Philip Morris: Market Dominance In Smoke-Free Products Driving A Compelling Growth Story

Philip Morris International is a wide-moat stock with significant upside due to its best-in-class smoke-free product portfolio and international exposure. The company's acquisition of Swedish Match an...

4 weeks ago - Seeking Alpha

Dividend Income: Lanny's October 2024 Summary

Big Oil with BHP Billiton came big with a massive dividend. Canadian Imperial, one of the big 6 Canadian banks, sent a massive $210 dividend my way. There are a few less names now in 2024 than 2023, s...

Other symbols: BHPCMEMNHLNMDTMDUSBUX
4 weeks ago - Seeking Alpha

FDA Reauthorizes Swedish Match's General snus as a Modified Risk Tobacco Product

STAMFORD, Conn.--(BUSINESS WIRE)--The U.S. Food and Drug Administration (FDA) authorized a renewal of a risk modification order submitted by Swedish Match USA, Inc. (Swedish Match), an affiliate of Ph...

5 weeks ago - Business Wire

4 October Dividend Raises: Biggest 10.6% From Mondelez, Largest Yield From Altria 7.5%.

Dividend Raises: Four companies in my "Rose's Income Garden" portfolio raised dividends, with Mondelez leading at 10.6% and Altria offering the highest yield at 7.5%. Investment Analysis: Philip Morri...

Other symbols: MDLZMOWPC
6 weeks ago - Seeking Alpha

Philip Morris: King Of The Tobacco Jungle - Minimal Upside/ Dividends Here

PM has reported another beat and raise performance in FQ3'24, with it contributing to the immense rally observed in its stock prices. Much of its tailwinds are attributed to the growing combustibles v...

7 weeks ago - Seeking Alpha

Philip Morris: The Strategy Is Finally Paying Off

Philip Morris's strategic pivot to less toxic tobacco products, including ZYN nicotine pouches, is paying off. ZYN's popularity is surging despite regulatory scrutiny and supply constraints. Nicotine ...

7 weeks ago - Seeking Alpha

Philip Morris: This 4% Yield Is A Hold

Philip Morris International hit a new all-time high after a strong Q3 earnings report, driven by double-digit net revenue growth and raised FY 2024 guidance. The company's non-traditional products, es...

7 weeks ago - Seeking Alpha

Philip Morris' Q3 Driven By Smoke-Free Products Amid Rising Market Share In Key Regions: Analyst Forecasts Growth Across IQOS And ZYN Brands

Stifel analyst Matthew E. Smith reiterated a Buy rating on Philip Morris International Inc PM, raising the price forecast to $145 from $138.

2 months ago - Benzinga

Philip Morris International Pops; Yield Drops

PM reported its eleventh earnings triple play in its history and the first since February 2023. Given the size of yesterday's move higher, PM's dividend yield dropped from 4.54% on Monday to 4.15% on ...

2 months ago - Seeking Alpha

Huge sales of the nicotine patch Zyn have sent Philip Morris's stock to an all-time high

Philip Morris International stock surged 10% after strong Q3 revenue and profit guidance. Zyn nicotine pouch sales grew 41% in the US in the third quarter.

2 months ago - Business Insider

Philip Morris' Raised Guidance Suggests Good Visibility: Goldman Sachs Analyst

On Tuesday, Philip Morris International Inc. PM reported third-quarter revenue of $9.91 billion, up 8.4% year over year, beating the consensus of $9.69 billion.

2 months ago - Benzinga

Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom

The company's stock was tracking for a record close and clinched a fresh intraday record.

2 months ago - CNBC

Philip Morris Stock Surges to All-Time High on Better-Than-Expected Earnings, Outlook

Philip Morris International (PM) shares climbed to an all-time high Tuesday after the tobacco giant posted better-than-expected results and raised its outlook on soaring demand for its non-cigarette p...

2 months ago - Investopedia

Philip Morris International Inc. (PM) Q3 2024 Earnings Call Transcript

Philip Morris International Inc. (NYSE:PM) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants James Bushnell – Vice President-Investor Relations and Financial Communica...

2 months ago - Seeking Alpha

Philip Morris CEO weighs in on Q3 results

Jacek Olczak, Philip Morris CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, what's driving the accelerated demand growth, and the company's margin picture.

2 months ago - CNBC Television

Philip Morris raises annual profit forecast on strong demand for nicotine pouches

Philip Morris International raised its annual profit forecast after beating third-quarter estimates on Tuesday, betting on higher prices and resilient demand for its heated tobacco products and ZYN ni...

2 months ago - Reuters

Philip Morris International Reports 2024 Third-Quarter & First Nine-Months Results; Raises 2024 Guidance for Reported Diluted EPS to $6.20 - $6.26 and Adjusted Diluted EPS to $6.45 - $6.51

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2024 third-quarter and first nine-months results.1 “In the third quarter, we deliv...

2 months ago - Business Wire

Philip Morris Can Slide Even After Strong Q3 2024 Numbers (Rating Downgrade)

Philip Morris is expected to see healthy EPS growth in the upcoming results, even as revenue growth can soften. But it's hard to make a short-to-medium term Buy case for it considering its strong pric...

2 months ago - Seeking Alpha