Brokerages Set Philip Morris International Inc. (NYSE:PM) PT at $205.89

Philip Morris International Inc. (NYSE:PM) has received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $205.8889.

PM has been the subject of several research analyst reports. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Citigroup upped their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Barclays raised their target price 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.

Institutional Investors Weigh In On Philip Morris International

Hedge funds and other institutional investors have recently bought and sold shares of the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $29,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. raised 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 during the last quarter. Finally, Cedar Mountain Advisors LLC boosted its position in Philip Morris International by 60.2% during the 1st quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company’s stock worth $31,000 after buying an additional 71 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

NYSE PM opened at $188.56 on Monday. The firm’s 50 day simple moving average is $189.31 and its 200 day simple moving average is $179.02. The firm has a market capitalization of $293.90 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.41 and a beta of 0.37. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $207.76.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) 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 11.06%.The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts forecast that Philip Morris International will post 8.44 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, October 2nd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s dividend payout ratio is currently 91.95%.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.