Philip Morris International Inc. (NYSE:PM) Receives $202.00 Consensus Price Target from Brokerages

Shares of Philip Morris International Inc. (NYSE:PM) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $205.8889.

PM has been the subject of several recent analyst reports. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Needham & Company LLC boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th.

Philip Morris International Trading Down 0.5%

Shares of NYSE PM opened at $191.13 on Friday. The stock has a market cap of $297.90 billion, a P/E ratio of 27.46, a PEG ratio of 2.30 and a beta of 0.38. The business’s fifty day simple moving average is $183.37 and its 200-day simple moving average is $176.77. Philip Morris International has a 12-month low of $142.11 and a 12-month high of $207.76.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts forecast that Philip Morris International will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend payout ratio is presently 84.48%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors lifted its holdings in shares of Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors grew its position 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 valued at $8,751,407,000 after purchasing an additional 11,013,173 shares during the last quarter. Capital World Investors increased its stake 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 purchasing an additional 3,579,399 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Philip Morris International by 12.0% during the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock worth $2,848,919,000 after purchasing an additional 1,847,421 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.