Philip Morris International (NYSE:PM) Shares Up 4.7% - What's Next?

Shares of Philip Morris International Inc. (NYSE:PM - Get Free Report) rose 4.7% during trading on Thursday. The company traded as high as $201.54 and last traded at $201.7270. Approximately 1,875,453 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 4,966,263 shares. The stock had previously closed at $192.69.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PM. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. UBS Group upped their price objective on Philip Morris International from $182.00 to $192.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 23rd. Barclays raised their target price on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock 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 issued a Hold rating to the stock. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $207.00.

Philip Morris International Stock Performance

The firm has a 50 day simple moving average of $189.38 and a two-hundred day simple moving average of $180.75. The stock has a market cap of $314.43 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.43 and a beta of 0.34.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company earned $1.89 earnings per share. The company'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. As a group, equities research analysts predict that Philip Morris International Inc. will post 8.44 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 3.2%. This is a boost from Philip Morris International's previous quarterly dividend of $1.47. The ex-dividend date is Friday, October 2nd. Philip Morris International's payout ratio is 91.95%.

Institutional Investors Weigh In On Philip Morris International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Echo45 Advisors LLC bought a new position in Philip Morris International during the 3rd quarter valued at $226,000. Tompkins Financial Corp lifted its holdings in shares of Philip Morris International by 3.3% in the third quarter. Tompkins Financial Corp now owns 18,315 shares of the company's stock valued at $3,495,000 after buying an additional 592 shares during the period. Eastern Bank lifted its holdings in shares of Philip Morris International by 29.4% in the third quarter. Eastern Bank now owns 3,271 shares of the company's stock valued at $624,000 after buying an additional 743 shares during the period. Rockland Trust Co. boosted its stake in Philip Morris International by 9.9% during the third quarter. Rockland Trust Co. now owns 12,425 shares of the company's stock valued at $2,371,000 after buying an additional 1,124 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Philip Morris International by 4.0% during the second quarter. QRG Capital Management Inc. now owns 246,221 shares of the company's stock worth $44,544,000 after acquiring an additional 9,513 shares during the period. Institutional investors own 78.63% of the company's stock.

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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