Philip Morris International Inc. (NYSE:PM) Receives $205.89 Average Price Target from Brokerages

Shares of Philip Morris International Inc. (NYSE:PM) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $205.8889.

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Needham & Company LLC raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th.

Philip Morris International Price Performance

PM opened at $191.48 on Thursday. Philip Morris International has a one year low of $142.11 and a one year high of $207.76. The firm has a market capitalization of $298.44 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The company has a fifty day moving average price of $186.22 and a 200-day moving average price of $178.46.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS 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 business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The firm’s 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, analysts expect that Philip Morris International will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

Hedge Funds Weigh In On Philip Morris International

A number of hedge funds have recently bought and sold shares of PM. First Eagle Investment Management LLC raised its holdings in shares of Philip Morris International by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 5,925,468 shares of the company’s stock valued at $1,071,976,000 after purchasing an additional 33,010 shares during the last quarter. Tanager Wealth Management LLP grew its holdings in Philip Morris International by 1.9% during the second quarter. Tanager Wealth Management LLP now owns 17,755 shares of the company’s stock valued at $3,212,000 after purchasing an additional 333 shares during the period. Guardian Wealth Advisors LLC NC increased its holdings in Philip Morris International by 2.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 4,227 shares of the company’s stock worth $765,000 after acquiring an additional 105 shares in the last quarter. Wedmont Private Capital raised its stake in Philip Morris International by 14.2% during the 2nd quarter. Wedmont Private Capital now owns 36,545 shares of the company’s stock worth $6,637,000 after acquiring an additional 4,547 shares during the period. Finally, Kintra Wealth LLC raised its position in shares of Philip Morris International by 35.5% during the 2nd quarter. Kintra Wealth LLC now owns 5,984 shares of the company’s stock valued at $1,130,000 after purchasing an additional 1,569 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International News Summary

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

• Positive Sentiment: The FDA granted Marketing Granted Orders for 11 ZYN ULTRA nicotine pouch products in the United States, including all 9mg variants and one 11mg variant. The authorization broadens PM’s smoke-free portfolio, supports regulatory certainty for ZYN, and reinforces the company’s long-term shift away from combustible tobacco. Philip Morris’ ZYN ULTRA FDA Authorization Strengthens Smoke-Free Push
• Positive Sentiment: Recent second-quarter results provided additional support for the stock: revenue increased 10.4% year over year to $11.19 billion, while adjusted earnings of $2.20 per share exceeded the $2.05 consensus estimate. The company also issued third-quarter earnings guidance of $2.20 to $2.25 per share. Should Strong Q2 Results And New FDA-Authorized ZYN ULTRA Pouches Require Action From Philip Morris Investors?
• Neutral Sentiment: PM and Altria Group (NYSE: MO) entered reciprocal contract manufacturing agreements intended to improve manufacturing efficiency and operational flexibility. PM’s non-U.S. affiliates will manufacture certain combustible cigarettes for Philip Morris USA, while the arrangements also provide reciprocal production capabilities. First shipments are expected in 2027, and the companies said the agreements should not materially affect 2026 results, limiting the near-term earnings impact. Altria, Philip Morris International sign contract manufacturing deals

Philip Morris International Company Profile

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.