Philip Morris International (NYSE:PM) Shares Gap Down – Here’s Why

Shares of Philip Morris International Inc. (NYSE:PM) gapped down prior to trading on Wednesday. The stock had previously closed at $199.90, but opened at $187.14. Philip Morris International shares last traded at $196.0350, with a volume of 953,789 shares trading hands.

Trending Headlines about Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: PM reported third-quarter adjusted diluted EPS of $2.36, exceeding the $2.30 analyst consensus, while revenue rose 5.5% year over year to $11.44 billion, ahead of the $11.32 billion estimate. Philip Morris beats third-quarter estimates on smoke-free product demand
• Positive Sentiment: Demand for smoke-free products remained a key growth driver, with smoke-free revenue surpassing 40% of total revenue. Nicotine pouches, particularly Zyn, and higher tobacco prices helped offset broader cost pressures. Philip Morris beats Q3 2026 estimates as smoke-free revenue tops 40%
• Neutral Sentiment: Management updated its 2026 full-year adjusted diluted EPS forecast for currency effects only. Adjusted EPS increased 5.4% year over year, or 5.8% excluding currency, supported by volume growth and double-digit organic operating-income growth. Philip Morris International Reports 2026 Third-Quarter Results
• Negative Sentiment: Reported diluted EPS fell 4.9% to $2.12, as inflation, increased investment and other costs weighed on profitability despite higher sales. Philip Morris Profit Falls, Despite Higher Sales
• Negative Sentiment: Management warned that global conflicts are disrupting operations and are expected to affect operating income, clouding the earnings outlook. That caution appears to be outweighing the quarterly beat for investors. Philip Morris delivers Q3 beat but warns of conflicts

Analyst Ratings Changes

A number of brokerages recently weighed in on PM. Needham & Company LLC upped 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. Citigroup increased 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 report on Thursday, July 30th. Barclays lifted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted 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. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.00.

Philip Morris International Trading Down 1.4%

The firm has a 50-day simple moving average of $191.76 and a two-hundred day simple moving average of $183.18. The company has a market capitalization of $307.13 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 2.58 and a beta of 0.34.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.06. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%. The business had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter in the previous year, the firm posted $2.24 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Philip Morris International Inc. will post 8.38 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, October 2nd will be given a dividend of $1.60 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. This represents a $6.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 2nd. Philip Morris International’s dividend payout ratio (DPR) is 91.95%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Capstone Capital Management Ltd purchased a new stake in Philip Morris International during the third quarter worth $256,000. Range Financial Group LLC grew its position in Philip Morris International by 3.3% during the third quarter. Range Financial Group LLC now owns 29,143 shares of the company’s stock valued at $5,561,000 after buying an additional 921 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in Philip Morris International by 2.9% in the third quarter. Bank Pictet & Cie Europe AG now owns 347,447 shares of the company’s stock valued at $66,300,000 after buying an additional 9,723 shares in the last quarter. Cornerstone National Bank & Trust Co purchased a new position in Philip Morris International in the third quarter valued at $82,000. Finally, 55 North Private Wealth LLC increased its holdings in Philip Morris International by 8.6% in the third quarter. 55 North Private Wealth LLC now owns 2,868 shares of the company’s stock valued at $547,000 after buying an additional 228 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.