Philip Morris International (NYSE:PM) Price Target Raised to $220.00

Philip Morris International (NYSE:PM) had its price objective increased by Needham & Company LLC from $215.00 to $220.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on PM. Weiss Ratings upgraded Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley upped their price objective 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. Barclays upped their price objective 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. Finally, UBS Group increased their price objective on shares of Philip Morris International from $182.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 23rd. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $208.56.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $199.69 on Thursday. The business’s 50 day simple moving average is $192.43 and its 200 day simple moving average is $183.89. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $210.45. The company has a market capitalization of $311.24 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.56 and a beta of 0.34.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.06. The firm had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $11.32 billion. Philip Morris International had a negative return on equity of 183.96% and a net margin of 12.65%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.24 EPS. On average, sell-side analysts anticipate that Philip Morris International will post 8.32 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders 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 presently 93.43%.

Institutional Investors Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently added to or reduced their stakes in PM. BlackRock Inc. raised its holdings in shares of Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after buying an additional 444,449 shares in the last quarter. State Street Corp lifted its position in shares of Philip Morris International by 1.0% during the 2nd quarter. State Street Corp now owns 55,569,994 shares of the company’s stock worth $10,134,454,000 after buying an additional 536,968 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth $8,220,008,000. Wellington Management Group LLP lifted its position in shares of Philip Morris International by 3.9% during the 2nd quarter. Wellington Management Group LLP now owns 17,506,171 shares of the company’s stock worth $3,167,041,000 after buying an additional 650,587 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Philip Morris International in the second quarter valued at about $3,075,267,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International News Roundup

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

• Positive Sentiment: Philip Morris reported third-quarter revenue of approximately $11.44 billion, up 5.5% year over year and 7.1% organically, exceeding Wall Street expectations. Adjusted EPS of $2.36 also topped the $2.30 consensus estimate. Philip Morris Q3 2026 beats on revenue
• Positive Sentiment: Smoke-free products—including ZYN and IQOS—now generate more than 40% of revenue. Organic gross profit increased more than 8%, while operating income reached a reported record of roughly $5 billion, reinforcing the company’s long-term transition strategy. Q3 earnings call highlights
• Positive Sentiment: Management raised its quarterly dividend by 8.8% to $1.60 per share. Needham also increased its price target from $215 to $220 and maintained a Buy rating, implying additional upside based on the cited share price. Philip Morris Q3 analysis
• Neutral Sentiment: Philip Morris maintained its 2026 adjusted EPS outlook of $8.29 to $8.44 despite elevated costs tied to international conflicts. This limits near-term estimate risk but indicates no major guidance boost after the earnings beat. 2026 earnings outlook
• Negative Sentiment: Profitability is facing pressure as Philip Morris increases marketing and promotional spending to defend ZYN amid competition and price reductions, including a reported 25% price cut. U.S. revenue grew strongly, but the related profit growth lagged.
• Negative Sentiment: Investors are also concerned about higher costs from geopolitical conflicts and regulatory headwinds slowing IQOS growth. These issues help explain why the stock has decreased even after the quarterly revenue and EPS beats.

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.