Philip Morris International Inc. (NYSE:PM) Stock Has Average Price Target of $207.00 According to Analysts

Shares of Philip Morris International Inc. (NYSE:PM) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $207.00.

A number of brokerages have recently weighed in on PM. Barclays lifted their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC raised their price objective 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. Finally, Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd.

Philip Morris International Price Performance

Philip Morris International stock opened at $199.55 on Friday. The company’s 50 day simple moving average is $190.31 and its 200 day simple moving average is $181.80. Philip Morris International has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm has a market capitalization of $311.02 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.59 and a beta of 0.34.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The business’s revenue for the quarter 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. As a group, analysts predict that Philip Morris International will post 8.42 EPS for the current fiscal year.

Philip Morris International Increases Dividend

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

Institutional Investors Weigh In On Philip Morris International

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in Philip Morris International by 30.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock valued at $2,111,198,000 after buying an additional 2,755,662 shares during the last quarter. Perennial Investment Advisors LLC bought a new stake in Philip Morris International in the 2nd quarter valued at approximately $505,000. Teamwork Financial Advisors LLC lifted its stake in Philip Morris International by 2,662.6% in the 2nd quarter. Teamwork Financial Advisors LLC now owns 65,695 shares of the company’s stock valued at $11,885,000 after acquiring an additional 63,317 shares in the last quarter. Orographic Financial Advisors LLC acquired a new position in Philip Morris International during the 1st quarter worth approximately $1,205,000. Finally, Addison Capital Co boosted its position in Philip Morris International by 32.5% during the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after acquiring an additional 7,793 shares during the last quarter. Institutional investors and hedge funds 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.