UBS Group Increases Philip Morris International (NYSE:PM) Price Target to $193.00

Key Points

• UBS Group raised Philip Morris International’s price target from $182 to $193 while maintaining a neutral rating, implying approximately 1.34% upside from the stock’s current price.
• Analyst sentiment is broadly positive: 10 analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus rating and an average price target of $207.11.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in EPS versus $2.05 estimated and $11.19 billion in revenue, up 10.4% year over year. Institutional investors own approximately 78.63% of the company.

Philip Morris International (NYSE:PM - Get Free Report) had its target price increased by stock analysts at UBS Group from $182.00 to $193.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target suggests a potential upside of 1.34% from the stock's current price.

PM has been the topic of several other reports. Morgan Stanley raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company 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 report on Monday, August 17th. Needham & Company LLC lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Barclays upped their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $207.11.

Philip Morris International Stock Performance

PM stock opened at $190.44 on Wednesday. The firm has a market cap of $296.82 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.40 and a beta of 0.37. The firm's fifty day moving average is $189.73 and its 200 day moving average is $179.17. Philip Morris International has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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 net margin of 11.06% and a negative return on equity of 163.41%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company'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. As a group, analysts forecast that Philip Morris International will post 8.44 EPS for the current year.

Institutional Trading of Philip Morris International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its stake in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. BlackRock Inc. raised its stake in Philip Morris International by 0.4% in the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock worth $19,545,430,000 after buying an additional 444,449 shares in the last quarter. Capital International Investors raised its stake in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after buying an additional 12,227,004 shares in the last quarter. State Street Corp lifted its holdings in Philip Morris International by 1.0% in the second quarter. State Street Corp now owns 55,569,994 shares of the company's stock worth $10,134,454,000 after buying an additional 536,968 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after buying an additional 11,013,173 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

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.

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