Philip Morris International Inc. (PM)

NYSE: PM · IEX Real-Time Price · USD
101.98
-0.67 (-0.65%)
At close: Jun 13, 2024, 4:00 PM
102.14
+0.16 (0.16%)
After-hours: Jun 13, 2024, 7:59 PM EDT
-0.65%
Market Cap 158.53B
Revenue (ttm) 35.95B
Net Income (ttm) 7.97B
Shares Out 1.55B
EPS (ttm) 5.12
PE Ratio 19.92
Forward PE 15.16
Dividend $5.20 (5.10%)
Ex-Dividend Date Jun 21, 2024
Volume 4,197,135
Open 102.67
Previous Close 102.65
Day's Range 101.58 - 102.67
52-Week Range 87.23 - 104.90
Beta 0.60
Analysts Buy
Price Target 103.78 (+1.77%)
Earnings Date Jul 23, 2024

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 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 $7.81 billion, a decrease of -13.65%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for PM stock is "Buy." The 12-month stock price forecast is $103.78, which is an increase of 1.77% from the latest price.

Price Target
$103.78
(1.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why America Is Running Low on Zyn Nicotine Pouches

America's favorite nicotine pouch has become so popular that its factory can't churn out the product fast enough.

1 day ago - WSJ

Philip Morris International to Fund Law Clinics in Expansion of the Organization's U.S. Veterans Program

STAMFORD, Conn.--(BUSINESS WIRE)--Philip Morris International (PMI) today announced a renewed commitment of over $3 million to support the veterans community nationwide this year. The strategy is info...

1 day ago - Business Wire

Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.30 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 $1.30 per common share, payable on ...

6 days ago - Business Wire

Philip Morris International Announces August 8 Concert to Benefit Connecticut's Military Veterans

STAMFORD, Conn.--(BUSINESS WIRE)--Today, as part of its continued community support, Philip Morris International (PMI) announced a charity concert in Stamford, Conn., to benefit leading workforce deve...

7 days ago - Business Wire

Philip Morris International Tops Forbes' 2024 Net Zero Leaders List

STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) has ranked first in Forbes' 2024 Net Zero Leaders ranking,1 which highlights the 100 U.S. public companies best positio...

9 days ago - Business Wire

Philip Morris International Presents at 2024 Deutsche Bank Global Consumer Conference

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.'s (PMI) (NYSE: PM) Chief Financial Officer, Emmanuel Babeau, will address investors today at the 2024 Deutsche Bank Glo...

10 days ago - Business Wire

Philip Morris International to Host Webcast of Presentation at 2024 Deutsche Bank Global Consumer Conference

STAMFORD, Conn.--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live webcast of the company's remarks and Q&A session with Emmanuel Babeau, Chief Finan...

16 days ago - Business Wire

Stifel analyst weighs in on Phillip Morris' smoke-free products

Matthew Smith, Stifel analyst, joins 'The Exchange' to discuss Philip Morris' smoke-free products, potential political headwinds, and how they will impact consumers.

21 days ago - CNBC Television

Philip Morris International Announces the Acquisition of a Minority Stake in Egypt-Based Eastern Company

CAIRO, Egypt--(BUSINESS WIRE)--Philip Morris International Announces the Acquisition of a Minority Stake in Egypt-Based Eastern Company.

22 days ago - Business Wire

Is Philip Morris Stock A Better Pick Over Union Pacific?

Given its better prospects, we believe Philip Morris stock (NYSE: PM) is a better pick than Union Pacific stock (NYSE: UNP). Although these companies are from different sectors, they share similar mar...

Other symbols: UNP
22 days ago - Forbes

Philip Morris International Inc. (PMI) Holds 2024 Virtual Annual Meeting of Shareholders

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (NYSE: PM) held its 2024 Annual Meeting of Shareholders today. André Calantzopoulos, Executive Chairman of the Board, a...

5 weeks ago - Business Wire

Philip Morris International Inc. Presents at Jefferies Virtual Reduced Risk Seminar

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.'s (NYSE: PM) President Smoke-Free Inhalable Products and Chief Consumer Officer, Stefano Volpetti, and Vice President G...

5 weeks ago - Business Wire

Get Back to the Basics. 6 Consumer Staples Stocks to Play Right Now.

Prime examples are Coca-Cola and Hershey. They expect earnings and dividend growth, and have nice price/earnings multiples.

Other symbols: CLHSYKOKRPG
5 weeks ago - Barrons

Philip Morris International to Present at 2024 Jefferies Virtual Reduced Risk Seminar

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will present at the 2024 Jefferies Virtual Reduced Risk Seminar on May 7, 2024. “The Science of Smoke-...

6 weeks ago - Business Wire

Philip Morris International to Host Webcast of 2024 Virtual Annual Meeting of Shareholders

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast of its 2024 Annual Meeting of Shareholders on Wednesday, May 8, 2024, a...

6 weeks ago - Business Wire

IQOS Helps Philip Morris Navigate Well In Q1

Philip Morris (NYSE: PM) recently reported its Q1 results, with revenues and earnings above the street estimates. The company reported revenue of $8.8 billion and adjusted earnings of $1.50 per share,...

6 weeks ago - Forbes

Philip Morris faces key test with US heated tobacco push

Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates.

6 weeks ago - Reuters

Philip Morris' stock slips after profit beats expectations but outlook misses

Shares of Philip Morris International Inc. PM, +0.31% fell 0.7% in premarket trading Tuesday, putting it on track to snap a five-day win streak, after the seller of cigarettes and heated tobacco units...

7 weeks ago - Market Watch

Philip Morris International Reports First-Quarter 2024 Results and Updates Full Year Guidance

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2024 first-quarter results1. "The strength of our first-quarter results with excel...

7 weeks ago - Business Wire

America's Cigarette Market Is Up for Grabs

Philip Morris will soon be able to sell its most successful smoke-free product in the U.S., setting up a battle with its former parent company Altria.

7 weeks ago - WSJ

Philip Morris International to Host Webcast of 2024 First-Quarter Results

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2024Q1earnings on Tuesday, April 23, 2024, at 9:00 a.m. ...

2 months ago - Business Wire

Exclusive: Philip Morris nears Texas launch of flagship heated tobacco device

Philip Morris International is preparing to launch its flagship heated tobacco device IQOS in Austin, Texas, indicating it will be the first testing ground for its U.S. entry, job adverts on LinkedIn ...

2 months ago - Reuters

Philip Morris International Demonstrates Clear Progress Toward Its Purpose as It Releases 2023 Integrated Report

STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) today releases its fifth annual Integrated Report, which outlines the company's ongoing work to advance toward its 2025...

2 months ago - Business Wire

Philip Morris International Names New External Affairs Leader

STAMFORD, Conn--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) is pleased to announce the appointment of Christos Harpantidis to the position of Senior Vice President, External Aff...

2 months ago - Business Wire

Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future

LAUSANNE, Switzerland--(BUSINESS WIRE)--Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future.

3 months ago - Business Wire