Philip Morris International (NYSE:PM) Price Target Cut to $200.00 by Analysts at Needham & Company LLC

Key Points

• Needham cut Philip Morris's price target from $205 to $200 but kept a "buy" rating, implying roughly a 24.6% upside; analyst views remain mixed with a consensus target near $195.72 (Jefferies and Wall Street Zen downgraded while Citi and Barclays issued higher targets).
• Q4 results and 2026 guidance: PMI reported EPS of $1.70 (in line with estimates) and revenue of $10.36B (slightly below expectations), and set Q1 2026 EPS guidance of 1.800–1.850 and FY 2026 guidance of 8.380–8.530.
• Insider selling and market context: CFO and CEO sold meaningful stakes on Feb 19 (33,800 and 80,000 shares at roughly $181–$182), insiders now own 0.13%, and the stock traded around $160.54 with a market cap of ~$250.2B.

Philip Morris International (NYSE:PM - Get Free Report) had its target price reduced by stock analysts at Needham & Company LLC from $205.00 to $200.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price target would indicate a potential upside of 24.58% from the stock's previous close.

A number of other analysts also recently issued reports on PM. Jefferies Financial Group downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Citigroup raised their price target on Philip Morris International from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. UBS Group restated a "neutral" rating and set a $181.50 price target on shares of Philip Morris International in a research report on Monday, February 9th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Finally, Barclays restated an "overweight" rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $195.72.

Philip Morris International Stock Up 0.1%

Shares of PM stock traded up $0.09 during trading on Monday, hitting $160.54. The company had a trading volume of 2,264,343 shares, compared to its average volume of 5,242,335. The stock's 50-day moving average is $173.79 and its two-hundred day moving average is $163.96. The stock has a market capitalization of $250.21 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.83 and a beta of 0.43. Philip Morris International has a 52 week low of $142.11 and a 52 week high of $191.30.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The company had revenue of $10.36 billion for the quarter, compared to analysts' expectations of $10.40 billion. During the same period in the prior year, the business earned $1.55 earnings per share. Philip Morris International's revenue for the quarter was up 6.8% compared to the same quarter last year. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, research analysts predict that Philip Morris International will post 7.14 EPS for the current fiscal year.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the sale, the chief financial officer directly owned 164,463 shares of the company's stock, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the transaction, the chief executive officer owned 632,344 shares in the company, valued at $115,200,429.92. The trade was a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On Philip Morris International

A number of hedge funds have recently modified their holdings of PM. Capital International Investors increased its position in shares of Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Capital Research Global Investors increased its position in shares of 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 valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Capital World Investors increased its position in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Philip Morris International by 36.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock valued at $1,491,898,000 after acquiring an additional 2,475,204 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Philip Morris International by 1,547.2% in the fourth quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company's stock valued at $362,539,000 after acquiring an additional 2,123,002 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Company Profile

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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