Philip Morris International (NYSE:PM) Stock Rating Upgraded by BTIG Research

Philip Morris International (NYSE:PM) was upgraded by BTIG Research to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Morgan Stanley boosted their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus dropped their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, UBS Group increased their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $197.00.

Philip Morris International Trading Up 3.5%

Shares of PM stock opened at $194.67 on Tuesday. The company has a market capitalization of $303.41 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.38. The business’s 50 day moving average is $182.74 and its two-hundred day moving average is $175.12. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $199.78.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $1.89 EPS. The company’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, equities analysts predict that Philip Morris International will post 8.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of Philip Morris International by 22.2% during the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after purchasing an additional 114,618 shares during the last quarter. Global Retirement Partners LLC boosted its position in Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after buying an additional 19,309 shares during the period. World Investment Advisors grew its holdings in Philip Morris International by 42.5% during the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after acquiring an additional 34,392 shares during the last quarter. New York Life Investment Management LLC increased its position in Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after acquiring an additional 7,600 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Key Stories Impacting Philip Morris International

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

• Positive Sentiment: Philip Morris beat Q2 estimates, reporting adjusted EPS of $2.20 versus consensus near $2.05 and revenue of $11.19 billion versus expectations of $10.60 billion, driven by strong international sales and resilient cigarette demand. Article Title
• Positive Sentiment: Smoke-free products, especially Zyn nicotine pouches, showed strong momentum after recent regulatory approval, supporting the company’s growth story and confidence in its long-term transition away from traditional tobacco. Article Title
• Positive Sentiment: BTIG Research upgraded Philip Morris International to “strong-buy,” adding to the bullish sentiment following the earnings release and helping support the stock near its highs. Article Title
• Neutral Sentiment: Management raised investment plans for Zyn and highlighted a “confident smoke-free future,” which is constructive for the long term but also signals ongoing spending to defend growth. Article Title
• Negative Sentiment: The company cut full-year EPS guidance, citing currency headwinds and conflict-related costs in the Middle East, which tempered the upside from the strong quarterly beat. Article Title

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.