Philip Morris International (NYSE:PM) Sets New 52-Week High - Time to Buy?

Key Points

• Philip Morris International shares reached a new 52-week high near $209.11, supported by a consensus “Moderate Buy” rating and a $207 average analyst price target.
• The company beat quarterly expectations with $2.20 in EPS and $11.19 billion in revenue, while revenue increased 10.4% year over year.
• Philip Morris raised its quarterly dividend to $1.60 per share, equivalent to a $6.40 annualized payout and a 3.1% yield; institutional investors own 78.63% of the stock.

Philip Morris International Inc. (NYSE:PM - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday. The company traded as high as $209.11 and last traded at $209.8640, with a volume of 50,385 shares trading hands. The stock had previously closed at $205.58.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PM shares. Barclays raised their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Weiss Ratings raised Philip Morris International from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Stifel Nicolaus upped their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Morgan Stanley boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.00.

Philip Morris International Stock Up 1.2%

The stock has a fifty day moving average of $190.63 and a two-hundred day moving average of $182.10. The stock has a market cap of $324.28 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.55 and a beta of 0.34.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating 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 company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the company earned $1.89 earnings per share. Philip Morris International's quarterly 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. On average, research analysts expect that Philip Morris International Inc. will post 8.42 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be given a dividend of $1.60 per share. The ex-dividend date is Friday, October 2nd. This is an increase from Philip Morris International's previous quarterly dividend of $1.47. This represents a $6.40 annualized dividend and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is currently 91.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PM. AG Campbell Advisory LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. boosted its stake in shares of Philip Morris International by 146.5% during 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 during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International during the second quarter valued at $29,000. Cedar Mountain Advisors LLC boosted its stake in shares of Philip Morris International by 60.2% during the first quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company's stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Finally, Wilkerson Advisory Group LLC increased its position in Philip Morris International by 109.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company's stock worth $34,000 after purchasing an additional 107 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

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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