Philip Morris International (NYSE:PM) Hits New 1-Year High Following Earnings Beat

Philip Morris International Inc. (NYSE:PM)’s share price reached a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $199.78 and last traded at $194.6740, with a volume of 7797800 shares traded. The stock had previously closed at $188.04.

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 13.05%.The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the business 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.

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 issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is 82.70%.

Philip Morris International News Summary

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 on revenue of $11.19 billion, both above expectations, while smoke-free products like IQOS, ZYN, and VEEV drove growth and margin expansion. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
• Positive Sentiment: Several analysts turned more constructive after the earnings release, including Stifel raising its price target to $205, Needham lifting its target to $215, and BTIG upgrading the stock to strong-buy. Analyst updates on Philip Morris price targets
• Positive Sentiment: The company’s smoke-free business continues to gain traction, with one report noting smoke-free products now make up 42% of revenue, supporting the long-term growth story. Philip Morris: The First $11 Billion Quarter Won’t Be The Last
• Neutral Sentiment: Management raised investment in ZYN and highlighted strong nicotine pouch momentum, which supports growth but also signals higher spending to sustain it. Philip Morris to lift Zyn investment, cigarette demand drives earnings beat
• Negative Sentiment: Philip Morris trimmed full-year EPS guidance, citing currency pressure and costs tied to Middle East conflict, which is weighing on enthusiasm despite the strong quarter. Philip Morris Trims Forecast on Currencies, Iran War Costs

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. BTIG Research assumed coverage on shares of Philip Morris International in a research report on Tuesday. They issued a “buy” rating and a $216.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.44.

Institutional Investors Weigh In On Philip Morris International

A number of institutional investors have recently added to or reduced their stakes in PM. Resurgent Financial Advisors LLC increased its stake in Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after buying an additional 54 shares during the period. Douglass Winthrop Advisors LLC boosted its stake in shares of Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after buying an additional 56 shares during the period. Outlook Wealth Advisors LLC boosted its stake in shares of Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after buying an additional 58 shares during the period. Aristotle Capital Management LLC grew its holdings in shares of Philip Morris International by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock valued at $222,000 after acquiring an additional 58 shares in the last quarter. Finally, Tranquility Partners LLC grew its holdings in shares of Philip Morris International by 2.4% during the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 1.6%

The firm has a market capitalization of $297.89 billion, a PE ratio of 27.46, a PEG ratio of 2.29 and a beta of 0.38. The firm’s fifty day moving average price is $182.72 and its 200 day moving average price is $175.34.

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.