Philip Morris International Stock (NYSE: PM) Today: News, Analyst Forecasts, Dividend Outlook, and What’s Driving Shares on Dec. 23, 2025

December 23, 2025 — Philip Morris International Inc. stock (NYSE: PM) is moving higher in Tuesday trading as investors head into a holiday-shortened week and refocus on the company’s smoke-free growth narrative, dividend timetable, and Wall Street’s still-bullish price targets. ^[1]

As of 2:37 p.m. ET (19:37 UTC) on Dec. 23, PM stock was up about 1.4% at $161.94, after opening near $159.37 and trading in a roughly $159.05–$162.30 range.

Below is a detailed roundup of the current news, forecasts, and analyses dated 23.12.2025, plus the key dates and catalysts investors are watching next.

PM stock price check: where shares stand on Dec. 23, 2025

Philip Morris International shares are trading higher today, building on a rebound that began in the prior session. Market data shows PM ended Monday (Dec. 22) up 1.82% at $159.70, snapping a two-day losing streak, and remained well below the $186.69 52-week high reached on June 16, 2025. ^[2]

A few quick takeaways from today’s tape:

Price (midday ET): ~$161.94 (+~1.4%)
Prior close: $159.70 ^[3]
52-week range: $116.12–$186.69 (per market trackers referenced in today’s coverage) ^[4]
Market cap: roughly $250B+ depending on the data source and moment-in-time quote ^[5]

For SEO-minded investors searching “Philip Morris International stock today” or “PM stock price”, the headline is simple: PM is green on the day, but still trading meaningfully below its 2025 peak. ^[6]

What’s in the news for Philip Morris International stock on 23.12.2025

1) Liquidity and balance-sheet headlines: new credit facilities in focus

One of the most substantive analyses published today centers on PMI’s financing actions. A Simply Wall St note dated Dec. 23, 2025 highlights that Philip Morris has lined up a new $2.0 billion revolving credit facility and extended a separate €1.5 billion facility, framing the moves as reinforcing liquidity while the company pushes further into higher-margin smoke-free products. ^[7]

Those liquidity moves trace back to a Form 8‑K filing describing the new revolving facility as effective Jan. 29, 2026 and expiring Jan. 29, 2031, while also extending the €1.5 billion credit facility to Jan. 29, 2029. The filing also notes there were no borrowings outstanding under the facility being replaced at the time of the change.

Why this matters for PM stock right now:

It supports the company’s capital flexibility heading into 2026, when investors expect the smoke-free transition story to remain the core driver of valuation.
It helps contextualize PMI’s shareholder-return posture (dividends remain central; buybacks have been less emphasized post-deals, according to today’s commentary). ^[8]

2) Institutional-ownership headlines: 13F filings show notable trims

MarketBeat published multiple “instant alert” stories dated Dec. 23, 2025 tied to Form 13F disclosures (which are backward-looking snapshots of institutional holdings).

Two notable examples highlighted today:

Patton Fund Management reported trimming its PM position by 91.9% in Q3, selling 18,483 shares and ending the quarter with 1,629 shares. ^[9]
Coho Partners reported cutting its stake by 44.0% in Q3, selling 115,051 shares and ending with 146,540 shares. ^[10]

Important context: these filings reflect Q3 2025 positioning, not necessarily what those firms hold today. Still, they can influence headlines and sentiment—especially when they coincide with a heavy news cycle around dividend timing and the holiday trading calendar. ^[11]

3) A tobacco “next chapter” comparison piece: PMI vs. Altria

A Zacks-authored comparison carried today (via Finviz) positions Philip Morris as the larger global player with a reduced-risk portfolio including IQOS, ZYN, and VEEV, while emphasizing PMI’s rapid smoke-free growth and the ongoing structural decline in combustibles. ^[12]

Key figures cited in that analysis include:

In Q3 2025, smoke-free products represented 41% of total net revenues and 42% of gross profit, with smoke-free shipments up 16.6% year over year and smoke-free gross profit described as a record $3.1 billion for the quarter. ^[13]
Zacks consensus EPS estimates referenced were $7.50 for 2025 and $8.35 for 2026, implying year-over-year growth of 14.2% and 11.3%, respectively (per the same commentary). ^[14]

The same piece also notes PMI’s forward P/E in the high teens (and below its own one-year median in that dataset), while assigning PMI a Zacks Rank #4 (Sell)—a reminder that not every quantitative framework is uniformly bullish even when price targets skew higher. ^[15]

Dividend spotlight: the next PM dividend date and why it matters this week

Dividend timing is a major near-term “calendar catalyst” for PM stock—particularly because it intersects with the Christmas market schedule.

Philip Morris’ board declared a regular quarterly dividend of $1.47 per share, payable Jan. 14, 2026, to shareholders of record as of Dec. 26, 2025 (with the ex-dividend date also Dec. 26, 2025). ^[16]

At a high level, that implies an annualized dividend run-rate of $5.88 per share. ^[17]

Holiday trading schedule wrinkle: early close on Dec. 24

With Christmas falling on Thursday, Dec. 25, U.S. exchanges will be closed Dec. 25 and will close early at 1:00 p.m. ET on Wednesday, Dec. 24 (NYSE and Nasdaq). Regular trading resumes Friday, Dec. 26—the same day PM goes ex-dividend. ^[18]

That matters because many income-focused investors monitor ex-dividend timing closely—especially during thin holiday liquidity.

Analyst forecasts for Philip Morris International stock: what Wall Street expects

Across major market-data aggregators updated around Dec. 23, 2025, the overall message is broadly constructive: most analysts tracking PM still lean Buy/Overweight, with average targets clustering in the low-to-high $180s and upside cases reaching $220.

Here’s how several widely-followed estimate pages line up:

MarketWatch analyst targets (as displayed in today’s estimate snapshot):
Average ~$184.29, median ~$182.50, high $220, low $158. ^[19]
Investing.com consensus estimates:
Average ~182.875, high $220, low $158, with a consensus leaning Buy (based on its analyst count). ^[20]
MarketBeat’s consensus view:
“Moderate Buy” with an average target of $189, high $220, low $166, based on its set of tracked ratings. ^[21]
StockAnalysis forecast page:
A smaller tracked set shows an average target around $190.44 with a $166–$220 range. ^[22]

Why targets differ across sites

Differences usually come down to:

how many banks are included,
how recently each firm updated its target,
and how the site handles stale vs. current estimates.

Investors should treat the range as more informative than any single number—especially for a consumer-staples name where sentiment can swing with regulation headlines, nicotine category data, or FX expectations. ^[23]

Recent target changes referenced in today’s coverage

MarketBeat’s Dec. 23 alerts also recapped that some major firms have lowered targets in recent months while maintaining positive ratings—examples cited include Barclays (to $180) and JPMorgan (to $185) in late 2025 notes referenced by the site. ^[24]

The 2026 setup: smoke-free growth, liquidity, and a reporting shift

A key reason Philip Morris International stock continues to command premium attention—despite being a “sin stock” that some funds avoid—is its attempt to reposition as a global reduced-risk nicotine and consumer goods company.

PMI’s smoke-free scale: the company’s own framing

In its investor communications around the dividend declaration, PMI describes smoke-free products as available in 100+ markets and estimates they are used by 41 million+ legal-age consumers worldwide (as of June 30, 2025). The company also states the smoke-free business accounted for 41% of first-nine-months 2025 total net revenues. ^[25]

The Street’s smoke-free emphasis

Today’s Zacks commentary underscores that smoke-free products are increasingly central to PMI’s growth and margin narrative—while warning that PMI’s combustibles volumes remain structurally pressured and that regulatory or competitive friction in smoke-free categories could have outsized impact as the mix shifts. ^[26]

A reporting change investors should know about before 2026 earnings season

PMI has indicated it plans to move to a new segment reporting structure—International Smoke-Free, International Combustibles, and U.S.—and expects to report under the new segments beginning in Q1 2026, with historical recasts expected after the 2025 full-year announcement. ^[27]

For investors, that can create both opportunity and confusion:

Opportunity, because the numbers may make the smoke-free trajectory easier to track.
Confusion, because year-over-year comparisons often get noisier during segment transitions.

Next catalyst: PM’s next earnings date (expected early February)

Multiple earnings calendars point to an early-February window for PMI’s next results, with Feb. 5, 2026 commonly listed as the expected date (often marked as an estimate until the company confirms). ^[28]

Zacks’ earnings calendar page specifically flags Feb. 5, 2026 and references an expected EPS figure of $1.67 for the coming report in its listing. ^[29]

That matters because PMI’s stock has increasingly reacted to:

updated smoke-free shipment momentum (especially oral nicotine and heated tobacco trends),
margin commentary,
FX assumptions,
and guidance framing (organic revenue growth vs. reported numbers).

Bull and bear cases for PM stock right now

What bulls are leaning on

Smoke-free mix shift is no longer a “future story”—it’s already a large share of revenue and profit, and investors often reward that with higher multiples than legacy combustibles. ^[30]
Dividend visibility remains attractive for income-focused portfolios, with a declared $1.47 quarterly payout and clear near-term dates. ^[31]
Liquidity positioning via renewed/extended credit facilities supports flexibility into 2026. ^[32]
Analyst targets still imply mid-to-high teens percentage upside in many consensus views. ^[33]

What bears keep highlighting

Regulatory risk remains ever-present in nicotine—particularly for product authorizations, marketing restrictions, and excise taxation. ^[34]
Execution risk rises as smoke-free becomes a larger share of earnings: any slowdown in adoption or competitive share loss can matter more. ^[35]
Valuation: even with a pullback from highs, PMI still trades at a higher earnings multiple than some tobacco peers, which can cap upside if growth expectations cool. ^[36]

Bottom line for Philip Morris International stock on Dec. 23, 2025

PM stock is higher today as the market heads into a holiday-shortened trading stretch, with attention split between near-term calendar items (dividend timing and thin liquidity) and bigger-picture themes (smoke-free growth, balance sheet flexibility, and 2026 reporting changes). ^[37]

On the forecasting side, analyst aggregates still show a generally positive tilt—typically clustering around targets in the low-to-high $180s, with upside cases reaching $220—though ratings and target counts vary by platform. ^[38]

As always with single-stock coverage: price targets are scenarios, not promises—especially in a heavily regulated category. This article is for information only and is not investment advice.