Philip Morris International Inc. (PM)

NYSE: PM · IEX Real-Time Price · USD
90.32
-0.75 (-0.82%)
At close: Sep 27, 2023, 4:00 PM
90.33
+0.01 (0.01%)
Pre-market: Sep 28, 2023, 7:00 AM EDT
-0.82%
Market Cap 140.21B
Revenue (ttm) 69.20B
Net Income (ttm) 8.05B
Shares Out 1.55B
EPS (ttm) 5.17
PE Ratio 17.47
Forward PE 13.71
Dividend $5.20 (5.76%)
Ex-Dividend Date Sep 26, 2023
Volume 3,656,019
Open 90.89
Previous Close 91.07
Day's Range 90.07 - 91.10
52-Week Range 82.85 - 105.62
Beta 0.74
Analysts Strong Buy
Price Target 112.82 (+24.91%)
Earnings Date Oct 19, 2023

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
CEO Jacek Olczak
Employees 79,800
Stock Exchange NYSE
Ticker Symbol PM
Full Company Profile

Financial Performance

In 2022, PM's revenue was $80.67 billion, a decrease of -1.89% compared to the previous year's $82.22 billion. Earnings were $9.05 billion, a decrease of -0.67%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for PM stock is "Strong Buy." The 12-month stock price forecast is $112.82, which is an increase of 24.91% from the latest price.

Price Target
$112.82
(24.91% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Philip Morris International lowers earnings outlook on currency shifts

Philip Morris International PM, -0.82% lowered its earnings outlook for the year, citing the strengthening of the U.S. dollar against a range of currencies, as well as a balance-sheet-related currency...

4 hours ago - Market Watch

Philip Morris International Inc. Hosts 2023 Investor Day

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.'s (NYSE: PM) senior management presents the company's business strategies and growth outlook today at its 2023 Investor...

4 hours ago - Business Wire

Philip Morris International Receives Science-Based Targets initiative (SBTi) Validation for its Forest, Land, and Agriculture (FLAG) Emissions Reductions Targets

STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) announced today that the Science Based Targets initiative (SBTi) has verified its Forest, Land, and Agriculture (FLAG) ...

7 days ago - Business Wire

Philip Morris may soon sell a stake in Vectura Group

Shares of Philip Morris International Inc (NYSE: PM) are trading up today following a report that the multinational is considering trimming its stake in Vectura Group.

7 days ago - Invezz

Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division

The company's wellness division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options.

7 days ago - CNBC

Philip Morris International to Host Webcast of 2023 Investor Day

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live video webcast of presentations and Q&A at its 2023 Investor Day, which will be held a...

7 days ago - Business Wire

“Too Much Time Has Been Wasted”: PMI CEO Challenges Governments Across the Globe to Embrace Smoke-Free Alternatives to End Cigarettes Faster

NEW YORK--(BUSINESS WIRE)--A potential tenfold reduction in smoking-attributable deaths is possible if people who currently smoke were to switch to smoke-free products, Jacek Olczak, CEO of Philip Mor...

8 days ago - Business Wire

Philip Morris International Appoints Finance Leader Victoria Harker to Its Board of Directors

LAUSANNE, Switzerland--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) announced today that on September 13, 2023, its Board of Directors appointed a new member, Ms. Victoria Harker...

10 days ago - Business Wire

Philip Morris raises quarterly dividend by 2.4% to $1.30 a share

Philip Morris International Inc. PM, -0.08% said Wednesday its board has increased its quarterly dividend by 2.4% to $1.30 a share from $1.27 previously. The tobacco company said the new dividend will...

15 days ago - Market Watch

Philip Morris International Inc. Increases Dividend by 2.4% to Annualized Rate of $5.20 Per Share

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (NYSE: PM) has increased the company's regular quarterly dividend by 2.4% to an annualized ra...

15 days ago - Business Wire

Philip Morris Offers Value Following Earnings Beat

Philip Morris International Inc. ( PM , Financial) released a stellar second-quarter earnings report on Thursday, which led to a surge in its stock price. The world's largest tobacco company beat its ...

2 months ago - GuruFocus

Philip Morris boosts revenue guidance as tailwinds rise

Philip Morris (NYSE: PM), the giant tobacco company, published strong Q2 results that beat analysts estimates. The company's revenue jumped by 14.9% to $9 billion, about $290 million higher than estim...

2 months ago - Invezz

Philip Morris CEO Jacek Olczak on earnings beat: Driven by smoke-free product growth

Jacek Olczak, Philip Morris International CEO, joins 'Squawk on the Street' to discuss the current environment for cigarettes, how far along the company is on the journey to being smoke-free, and the ...

2 months ago - CNBC Television

Philip Morris Earnings Outlook Falls Short

The maker of Marlboro cigarettes, Philip Morris, posted better-than-expected earnings for the second quarter.

2 months ago - Barrons

Philip Morris stock edged up after profit beats expectations but full-year outlook is a bit shy

Shares of Philip Morris International Inc. PM, +0.43% edged up 0.4% in premarket trading, after the cigarette seller topped second-quarter profit expectations, but provided a somewhat downbeat full-ye...

2 months ago - Market Watch

Philip Morris International Reports 2023 Second-Quarter and First-Half Results

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2023 second-quarter and first-half results. Growth rates presented in this press r...

2 months ago - Business Wire

Pricing Gains To Drive Philip Morris' Q2?

We expect PM stock to trade higher, with its revenue and earnings likely exceeding the street expectations.

2 months ago - Forbes

Philip Morris International to Host Webcast of 2023 Second-Quarter and First-Half Results

STAMFORD, Conn.--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2023Q2earnings on Thursday, July 20, 2023, at 9:00 a....

2 months ago - Business Wire

New Study by KPMG Reveals Alarming Levels of Illicit Cigarettes in the EU, with France Accounting for Almost Half of the Consumption

LAUSANNE, Switzerland--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) today warns about increasing rates of illicit cigarette consumption in the European Union (EU), which are depr...

3 months ago - Business Wire

Three-Stock Lunch: LLY, ETSY & PM

Victoria Greene, G Squared Private Wealth chief investment officer, joins ‘Power Lunch' to discuss three stocks: Eli Lilly, Etsy and Philip Morris.

Other symbols: ETSYLLY
3 months ago - CNBC Television

Philip Morris Stock Is ‘Under-Valued.' Watch These Tobacco Devices.

Philip Morris International stock is down about 6% through Friday's close this year, compared with the S&P 500's 15% rise.

3 months ago - Barrons

Philip Morris International Publishes First Human Rights Report

LAUSANNE, Switzerland--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) today released its first Human Rights Report, detailing the company's strategy to promote, respect, and protec...

3 months ago - Business Wire

Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.27 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 $1.27 per common share, payable on ...

3 months ago - Business Wire

John Rogers' Firm Loads Up on Leslie's, Cuts Back Top Holding Philip Morris

John Rogers (Trades, Portfolio), leader of Ariel Investments, disclosed his firm's first-quarter portfolio in May.

Other symbols: LESL
3 months ago - GuruFocus

Philip Morris International Inc. (PMI) Presents at 2023 Deutsche Bank Global Consumer Conference; Reaffirms 2023 Full-Year EPS Forecast

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.'s (NYSE: PM) Chief Financial Officer, Emmanuel Babeau, will address investors today at the Deutsche Bank Global Consume...

4 months ago - Business Wire