Weiss Ratings Reaffirms Buy (B) Rating for Philip Morris International (NYSE:PM)

Key Points

• Weiss Ratings has reaffirmed a Buy (B) rating for Philip Morris International (NYSE: PM), indicating strong investor confidence in the stock.
• Philip Morris reported earnings per share of $1.91 for the last quarter, surpassing analysts' expectations of $1.86 and reflecting a 7.1% revenue increase year-over-year.
• The company currently has eleven Buy ratings and one Hold rating, suggesting a consensus "Moderate Buy" outlook with a price target of $195.44.

Philip Morris International (NYSE:PM - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on PM. Barclays decreased their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, UBS Group decreased their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.44.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $155.27 on Wednesday. The stock has a market capitalization of $241.69 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. Philip Morris International has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a 50-day simple moving average of $164.43 and a two-hundred day simple moving average of $168.58.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts forecast that Philip Morris International will post 7.14 EPS for the current fiscal year.

Institutional Trading of Philip Morris International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in Philip Morris International during the second quarter valued at approximately $25,000. Traub Capital Management LLC purchased a new stake in Philip Morris International during the second quarter valued at approximately $25,000. Abound Wealth Management increased its holdings in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after buying an additional 136 shares during the last quarter. Estabrook Capital Management purchased a new stake in Philip Morris International during the second quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc boosted its position in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company's stock worth $30,000 after purchasing an additional 120 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

About Philip Morris International

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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