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

Key Points

• Philip Morris International Inc. has received a consensus recommendation of "Moderate Buy" from twelve analysts, with one hold rating and eleven buy ratings.
• The company recently raised its quarterly dividend to $1.47, representing an annualized dividend of $5.88 and a yield of 3.6%.
• In its latest earnings report, Philip Morris International posted an EPS of $1.91, beating estimates, despite revenue falling short of expectations at $10.14 billion.

Shares of Philip Morris International Inc. (NYSE:PM - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $189.40.

A number of equities research analysts have recently commented on PM shares. Barclays reduced their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th.

Philip Morris International Stock Performance

NYSE:PM opened at $164.70 on Monday. The firm's fifty day moving average is $165.55 and its 200-day moving average is $168.55. Philip Morris International has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a market cap of $256.37 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.38 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the firm posted $1.59 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts anticipate that Philip Morris International will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is 102.66%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PM. WCM Investment Management LLC raised its holdings in shares of Philip Morris International by 24,968.0% in the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company's stock valued at $2,041,223,000 after purchasing an additional 11,230,626 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at about $1,712,994,000. Wellington Management Group LLP raised its holdings in shares of Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Philip Morris International by 1.6% in the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company's stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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