Philip Morris International Inc. (NYSE:PM) Stock Has Consensus Target Price of $207.00

Philip Morris International Inc. (NYSE:PM) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $207.00.

A number of brokerages recently commented on PM. Stifel Nicolaus lifted their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective 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. Barclays upped their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley raised their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th.

Hedge Funds Weigh In On Philip Morris International

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after purchasing an additional 444,449 shares in the last quarter. State Street Corp lifted its position in shares of Philip Morris International by 1.0% during the 2nd quarter. State Street Corp now owns 55,569,994 shares of the company’s stock worth $10,134,454,000 after buying an additional 536,968 shares during the last quarter. GQG Partners LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $8,220,008,000. Wellington Management Group LLP boosted its holdings in shares of Philip Morris International by 3.9% in the 2nd quarter. Wellington Management Group LLP now owns 17,506,171 shares of the company’s stock valued at $3,167,041,000 after buying an additional 650,587 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Philip Morris International in the 2nd quarter valued at $3,075,267,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.2%

PM stock opened at $200.83 on Friday. The company has a market cap of $313.02 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.60 and a beta of 0.34. Philip Morris International has a 12 month low of $142.11 and a 12 month high of $207.76. The firm has a 50-day moving average of $189.76 and a two-hundred day moving average of $181.29.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, October 2nd will be issued a $1.60 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 2nd. Philip Morris International’s payout ratio is currently 91.95%.

Philip Morris International Company Profile

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.