Philip Morris International is a tobacco company located in New York, United States, which is part of the Consumer Defensive sector, and is traded under the ticker PM on the NYSE exchange.
Philip Morris International stock last closed at $90.75, up 0.53% from the previous day, and has decreased 1.98% in one year. It has overperformed other stocks in the Tobacco industry by 0.1 percentage points. Philip Morris International stock is currently +9.54% from its 52-week low of $82.85, and -17.36% from its 52-week high of $109.81.
There are currently 1.55B shares of PM outstanding. The market value of PM is $140.68B. In the past 24 hours, 3.9M PM shares were traded.
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Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PM's true value.
Using relative valuations methods:
You can do additional valuation analysis on PM's stock here.
Out of 7 sell side analysts who research PM, the consensus analyst rating on PM is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Nik Oliver, a bottom 43% analyst from UBS upgrades PM to a strong buy rating and raises their PM price target from $106.00 to $116.00, on Mar 1, 2023.
Jared Dinges, a bottom 38% analyst from JP Morgan maintains PM with a hold rating and raises their PM price target from $95.00 to $109.00, on Feb 13, 2023.
Pamela Kaufman, a top 20% analyst from Morgan Stanley maintains PM with a strong buy rating and raises their PM price target from $109.00 to $118.00, on Feb 2, 2023.
Kaufman raised her price target on Philip Morris International Inc. by 8.3% ahead of the release of the company's Q4 and FY 2022 earnings report on 2023/02/09.
She increased her FY 2023 estimates by ~9% to account for the Swedish Match* acquisition and improving Forex impacts.
* From the company's 2022/12/05 press release, here: "PMI and Swedish Match share a mutual vision of a smoke-free world, and a firm commitment to developing, scientifically substantiating, and responsibly commercializing smoke-free products that are a better alternative to cigarettes.
"Swedish Match’s leading nicotine pouch product, ZYN, will bolster our growing smoke-free portfolio of heated tobacco products, e-vapor devices, and oral nicotine products."
Bonnie Herzog, a top 17% analyst from Goldman Sachs upgrades PM to a strong buy rating and raises their PM price target from $95.00 to $120.00, on Jan 25, 2023.
Owen Bennett, a bottom 5% analyst from Jefferies upgrades PM to a strong buy rating and announces their PM price target of $118.00, on Jan 19, 2023.
You can dive deeper into what analysts are saying on the Philip Morris International stock forecast page.
Last year, PM earnings were $9.05B. Over the last 5 year, PM's earnings have increased by 8.45% per year. This was faster than the Tobacco industry average of -4.35%.
Last year, PM revenue was $80.67B. Over the past 5 year, PM's revenue has gone up by 0.65% per year. This was slower than the Tobacco industry average of 2.98%.
Learn more about PM's earnings and revenue performance here.
Over the last 12 months, executives and large shareholders at PM have sold more shares than they have bought.
Werner Barth, Pr.CombusiblesGlobalComb.Mktg of PM, was the latest PM insider to sell. They sold $786,816.00 worth of PM stock on Mar 2, 2023.
Get more info about who owns PM shares here.
Philip Morris International pays a dividend of 5.58%, compared to the Tobacco industry's average dividend yield of 6.09%. If you owned $1,000 of PM stock, you would have received $55.76 in the past 12 months.
Philip Morris International dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Philip Morris International dividend yield and history here.
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