Philip Morris International (NYSE:PM) Updates FY 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 8.360-8.510 for the period, compared to the consensus earnings per share estimate of 8.370. The company issued revenue guidance of -. Philip Morris International also updated its Q2 2026 guidance to 2.020-2.070 EPS.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays restated an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. UBS Group cut their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday. Needham & Company LLC cut their price objective on Philip Morris International from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Finally, Citigroup raised their price objective on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Ten research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $192.56.

Philip Morris International Stock Down 2.7%

PM opened at $153.33 on Wednesday. Philip Morris International has a 12-month low of $142.11 and a 12-month high of $191.30. The stock has a market cap of $238.97 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.92 and a beta of 0.43. The business has a 50 day moving average of $170.57 and a 200-day moving average of $163.81.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.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. As a group, analysts expect that Philip Morris International will post 8.36 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared 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. This represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.

Insider Activity at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the sale, the chief financial officer directly owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Philip Morris International

Several hedge funds have recently added to or reduced their stakes in PM. Price T Rowe Associates Inc. MD lifted its holdings in Philip Morris International by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,161,027 shares of the company’s stock worth $2,271,430,000 after purchasing an additional 1,569,685 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in Philip Morris International by 6,821.6% during the 3rd quarter. Nomura Holdings Inc. now owns 1,490,777 shares of the company’s stock worth $241,804,000 after purchasing an additional 1,469,239 shares during the last quarter. Federated Hermes Inc. raised its holdings in Philip Morris International by 35.8% in the 4th quarter. Federated Hermes Inc. now owns 3,851,091 shares of the company’s stock valued at $617,715,000 after acquiring an additional 1,014,263 shares in the last quarter. Viking Global Investors LP raised its holdings in Philip Morris International by 28.1% in the 3rd quarter. Viking Global Investors LP now owns 4,426,128 shares of the company’s stock valued at $717,918,000 after acquiring an additional 971,942 shares in the last quarter. Finally, Boston Partners raised its holdings in Philip Morris International by 12.7% in the 3rd quarter. Boston Partners now owns 7,019,625 shares of the company’s stock valued at $1,136,402,000 after acquiring an additional 791,681 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.