Philip Morris International (NYSE:PM) Stock Breaks Above 200 Day Moving Average - Here's Why

Key Points

• Philip Morris shares broke above their 200-day moving average, reaching $193.12 before last trading at approximately $188.25, compared with the $180.16 long-term average.
• Analysts remain bullish, with ten Buy ratings and two Holds; the consensus price target is $207, while several firms recently raised targets to between $205 and $225.
• The company reported quarterly earnings and revenue above expectations and increased its quarterly dividend from $1.47 to $1.60 per share, equating to a 3.4% annualized yield.

Philip Morris International Inc. (NYSE:PM - Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $180.16 and traded as high as $193.12. Philip Morris International shares last traded at $188.2460, with a volume of 3,568,219 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Citigroup raised their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Needham & Company LLC upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a 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 research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.00.

Philip Morris International Trading Down 1.3%

The company has a 50-day simple moving average of $189.93 and a 200 day simple moving average of $180.16. The company has a market cap of $293.40 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.44 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 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts forecast that Philip Morris International Inc. will post 8.44 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, October 2nd will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 2nd. This is a positive change from Philip Morris International's previous quarterly dividend of $1.47. Philip Morris International's dividend payout ratio (DPR) is 84.48%.

Institutional Investors Weigh In On Philip Morris International

Several large investors have recently added to or reduced their stakes in PM. Bank of New York Mellon Corp lifted its holdings in Philip Morris International by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock valued at $2,111,198,000 after acquiring an additional 2,755,662 shares during the period. Perennial Investment Advisors LLC purchased a new stake in Philip Morris International in the 2nd quarter worth approximately $505,000. Teamwork Financial Advisors LLC grew its stake in shares of Philip Morris International by 2,662.6% during the 2nd quarter. Teamwork Financial Advisors LLC now owns 65,695 shares of the company's stock worth $11,885,000 after purchasing an additional 63,317 shares during the period. Orographic Financial Advisors LLC acquired a new stake in shares of Philip Morris International during the 1st quarter worth approximately $1,205,000. Finally, Addison Capital Co increased its holdings in shares of Philip Morris International by 32.5% during the 1st quarter. Addison Capital Co now owns 31,779 shares of the company's stock valued at $5,254,000 after purchasing an additional 7,793 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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