Philip Morris International (NYSE:PM) Sets New 12-Month High – Still a Buy?

Philip Morris International Inc. (NYSE:PM) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $193.05 and last traded at $191.4650, with a volume of 5741463 shares trading hands. The stock had previously closed at $191.50.

Analyst Ratings Changes

Several research firms have commented on PM. Citigroup boosted their target price on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Barclays restated an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. Stifel Nicolaus cut their target price on 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, Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.56.

Philip Morris International Trading Down 0.2%

The company has a market cap of $293.46 billion, a P/E ratio of 26.48, a PEG ratio of 2.17 and a beta of 0.37. The business has a 50 day moving average price of $168.26 and a 200-day moving average price of $166.91.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 EPS. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s payout ratio is presently 82.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AG Campbell Advisory LLC acquired a new position in Philip Morris International in the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $26,000. Dogwood Wealth Management LLC grew its holdings in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

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.