Philip Morris International (NYSE:PM) Stock Breaks Above 200-Day Moving Average – What’s Next?

Philip Morris International Inc. (NYSE:PM)’s stock price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $180.16 and traded as high as $193.12. Philip Morris International shares last traded at $188.2460, with a volume of 3,568,219 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus upped their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, UBS Group increased their price objective on shares of Philip Morris International from $182.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $207.00.

Philip Morris International Stock Down 0.3%

The stock has a market capitalization of $292.46 billion, a P/E ratio of 26.96, a P/E/G ratio of 2.41 and a beta of 0.34. The business has a fifty day moving average price of $189.83 and a 200-day moving average price of $180.22.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be given a $1.60 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 3.4%. Philip Morris International’s payout ratio is presently 91.95%.

Institutional Investors Weigh In On Philip Morris International

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

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company operates in markets outside the United States and sells products across more than 180 countries. Its portfolio includes cigarettes, heated tobacco products, nicotine pouches, e-cigarettes and other smoke-free alternatives.

Philip Morris International’s traditional cigarette brands include Marlboro, Parliament, L&M, Chesterfield and Bond Street. The company has increasingly focused on developing and commercializing smoke-free products, including IQOS heated tobacco devices and consumables, ZYN nicotine pouches and VEEV e-cigarettes.