Philip Morris International (NYSE:PM) Shares Up 4.7% – What’s Next?

Philip Morris International Inc. (NYSE:PM) shares were up 4.7% during mid-day trading on Thursday. The stock traded as high as $201.54 and last traded at $201.7270. 1,875,453 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 4,966,263 shares. The stock had previously closed at $192.69.

Analyst Upgrades and Downgrades

Several analysts recently commented on PM shares. UBS Group increased their target price 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. Barclays raised their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Morgan Stanley upped their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.00.

Philip Morris International Price Performance

The company has a market cap of $314.43 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 2.43 and a beta of 0.34. The stock has a fifty day moving average price of $189.38 and a 200-day moving average price of $180.75.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating 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 analyst estimates of $10.60 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. Philip Morris International’s quarterly revenue 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. On average, equities analysts anticipate that Philip Morris International Inc. will post 8.44 earnings per share 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 issued 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 dividend yield of 3.2%. The ex-dividend date is Friday, October 2nd. Philip Morris International’s dividend payout ratio is 91.95%.

Institutional Trading of Philip Morris International

Several hedge funds and other institutional investors have recently modified their holdings of PM. Outlook Wealth Advisors LLC increased its position in shares of Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after buying an additional 58 shares during the period. Platt Wealth Management LLC lifted its holdings in Philip Morris International by 2.1% in the second 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 boosted its position in Philip Morris International by 1.1% during the fourth quarter. Farmers National Bank now owns 5,205 shares of the company’s stock valued at $835,000 after acquiring an additional 59 shares during the last quarter. Sonoma Allocations LLC boosted its position in Philip Morris International by 4.0% during the fourth quarter. Sonoma Allocations LLC now owns 1,627 shares of the company’s stock valued at $289,000 after acquiring an additional 62 shares during the last quarter. Finally, Clearwater Capital Advisors LLC boosted its position in Philip Morris International by 2.4% during the first quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company’s stock valued at $463,000 after acquiring an additional 65 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

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.