Philip Morris International (NYSE:PM) Hits New 52-Week High Following Analyst Upgrade

Philip Morris International Inc. (NYSE:PM)’s stock price hit a new 52-week high during mid-day trading on Wednesday after Needham & Company LLC raised their price target on the stock from $190.00 to $205.00. Needham & Company LLC currently has a buy rating on the stock. Philip Morris International traded as high as $187.07 and last traded at $186.9530, with a volume of 1265751 shares changing hands. The stock had previously closed at $182.69.

Other research analysts also recently issued reports about the stock. Morgan Stanley reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Stifel Nicolaus set a $200.00 price target on Philip Morris International in a report on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.06.

Institutional Investors Weigh In On Philip Morris International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after buying an additional 1,970 shares during the last quarter. CWM LLC grew its holdings in Philip Morris International by 33.0% during the second quarter. CWM LLC now owns 99,590 shares of the company’s stock worth $18,138,000 after buying an additional 24,725 shares in the last quarter. Finally, Vest Financial LLC raised its position in Philip Morris International by 39.3% in the 2nd quarter. Vest Financial LLC now owns 21,330 shares of the company’s stock valued at $3,885,000 after buying an additional 6,015 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

The firm has a market capitalization of $290.70 billion, a P/E ratio of 25.69, a PEG ratio of 2.01 and a beta of 0.39. The firm has a 50 day simple moving average of $165.06 and a two-hundred day simple moving average of $161.79.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting 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 firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. 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. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 80.88%.

About Philip Morris International

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.