Philip Morris International (NYSE:PM) Hits New 1-Year High – Here’s What Happened

Philip Morris International Inc. (NYSE:PM)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $209.11 and last traded at $209.8640, with a volume of 50,385 shares. The stock had previously closed at $205.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PM shares. 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 report on Wednesday, July 29th. UBS Group upped 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 note on Wednesday, September 23rd. Citigroup upped their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley raised 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 report on Thursday, July 23rd. Finally, Stifel Nicolaus lifted their target price 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. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.00.

Philip Morris International Stock Up 1.2%

The stock has a market capitalization of $324.28 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.55 and a beta of 0.34. The company has a 50 day moving average of $190.63 and a 200 day moving average of $182.10.

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 the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 8.42 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s dividend payout ratio is currently 91.95%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PM. Platt Wealth Management LLC grew its stake in shares of Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after buying an additional 58 shares during the period. Farmers National Bank increased its holdings in shares of Philip Morris International by 1.1% during the 4th quarter. Farmers National Bank now owns 5,205 shares of the company’s stock worth $835,000 after buying an additional 59 shares during the last quarter. Sonoma Allocations LLC raised its position in shares of Philip Morris International by 4.0% in the 4th quarter. Sonoma Allocations LLC now owns 1,627 shares of the company’s stock worth $289,000 after buying an additional 62 shares during the period. Clearwater Capital Advisors LLC raised its position in shares of Philip Morris International by 2.4% in the 1st quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company’s stock worth $463,000 after buying an additional 65 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Philip Morris International by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,887 shares of the company’s stock worth $1,635,000 after buying an additional 66 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

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.