Philip Morris International Inc. (NYSE:PM) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Philip Morris International has a “Moderate Buy” consensus rating: Ten of 12 covering analysts recommend buying the stock, with an average 12-month price target of $207.
• The company’s latest quarterly results exceeded expectations, with EPS of $2.20 versus the $2.05 consensus and revenue of $11.19 billion, up 10.4% year over year.
• Philip Morris raised its quarterly dividend to $1.60 per share, equivalent to an annualized $6.40 payout and a 3.2% yield; institutional investors and hedge funds own 78.63% of the stock.

Shares of Philip Morris International Inc. (NYSE:PM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $207.00.

Several equities analysts have commented on PM shares. Citigroup upped their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Barclays lifted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Morgan Stanley upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, UBS Group increased their price target on shares of Philip Morris International from $182.00 to $192.00 and gave the company a "neutral" rating in a report on Wednesday, September 23rd.

Philip Morris International Stock Up 4.5%

PM opened at $201.40 on Friday. Philip Morris International has a 12-month low of $142.11 and a 12-month high of $207.76. The stock has a market cap of $313.91 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.46 and a beta of 0.34. The business has a 50 day moving average of $189.57 and a 200-day moving average of $181.02.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the firm earned $1.89 EPS. The firm's revenue 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. As a group, analysts expect that Philip Morris International will post 8.44 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be given a $1.60 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.47. This represents a $6.40 annualized dividend and a dividend yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is currently 91.95%.

Institutional Trading of Philip Morris International

Hedge funds have recently added to or reduced their stakes in the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at about $26,000. Vermillion Wealth Management Inc. grew its stake in shares of Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International during the second quarter worth about $29,000. Finally, Cedar Mountain Advisors LLC increased its position in Philip Morris International by 60.2% during the first quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company's stock worth $31,000 after acquiring an additional 71 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company operates in markets outside the United States and sells products across more than 180 countries. Its portfolio includes cigarettes, heated tobacco products, nicotine pouches, e-cigarettes and other smoke-free alternatives.

Philip Morris International's traditional cigarette brands include Marlboro, Parliament, L&M, Chesterfield and Bond Street. The company has increasingly focused on developing and commercializing smoke-free products, including IQOS heated tobacco devices and consumables, ZYN nicotine pouches and VEEV e-cigarettes.

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