Philip Morris International (NYSE:PM) Given New $193.00 Price Target at UBS Group

Philip Morris International (NYSE:PM) had its price objective raised by stock analysts at UBS Group from $182.00 to $193.00 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 1.34% from the stock’s previous close.

PM has been the subject of several other reports. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Citigroup raised their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $207.11.

Philip Morris International Price Performance

NYSE:PM opened at $190.44 on Wednesday. The firm’s 50-day moving average price is $189.73 and its 200-day moving average price is $179.17. The company has a market capitalization of $296.82 billion, a PE ratio of 27.36, a P/E/G ratio of 2.40 and a beta of 0.37. Philip Morris International has a 1-year low of $142.11 and a 1-year high of $207.76.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the company posted $1.89 EPS. Philip Morris International’s revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts anticipate that Philip Morris International will post 8.44 EPS for the current fiscal year.

Institutional Trading of Philip Morris International

Several institutional investors have recently added to or reduced their stakes in PM. Capital World Investors raised its stake in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares during the last quarter. BlackRock Inc. increased its holdings in Philip Morris International by 0.4% in the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after buying an additional 444,449 shares in the last quarter. Capital International Investors raised its position in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. State Street Corp lifted its stake in Philip Morris International by 1.0% during the 2nd quarter. State Street Corp now owns 55,569,994 shares of the company’s stock valued at $10,134,454,000 after acquiring an additional 536,968 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.