Philip Morris International Inc. (NYSE:PM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts remain broadly positive: Philip Morris International has a consensus “Moderate Buy” rating, with 10 buy ratings and two holds. The average 12-month price target is approximately $205.89, with recent targets ranging from $182 to $225.
• Quarterly results exceeded expectations: The company reported adjusted EPS of $2.20 versus the $2.05 consensus estimate, while revenue reached $11.19 billion, up 10.4% year over year and above expectations.
• Shareholder returns remain a focus: PMI recently paid a quarterly dividend of $1.47 per share, equivalent to a 3.1% annualized yield, while institutional investors own 78.63% of the stock.

Philip Morris International Inc. (NYSE:PM - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $205.8889.

Several research analysts recently weighed in on the stock. UBS Group upped their target price 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. Needham & Company LLC raised their price target on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Monday.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $190.02 on Thursday. The company has a market capitalization of $296.16 billion, a P/E ratio of 27.30, a P/E/G ratio of 2.27 and a beta of 0.38. Philip Morris International has a 1-year low of $142.11 and a 1-year high of $207.76. The firm's 50 day simple moving average is $185.74 and its two-hundred day simple moving average is $178.21.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts anticipate that Philip Morris International will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is 84.48%.

Institutional Investors Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock valued at $23,300,088,000 after acquiring an additional 1,793,949 shares during the last quarter. Capital World Investors boosted its holdings 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 during the last quarter. BlackRock Inc. grew its position in shares of Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock valued at $19,545,430,000 after purchasing an additional 444,449 shares in the last quarter. Capital International Investors grew its position in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock valued at $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

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.

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