Philip Morris International (NYSE:PM) Price Target Raised to $193.00

Philip Morris International (NYSE:PM) had its target price lifted by UBS Group from $182.00 to $193.00 in a research note published on Wednesday morning, MarketBeat Ratings reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms have also commented on PM. Citigroup lifted 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. Stifel Nicolaus increased their price target 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. Barclays raised their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $207.00.

Philip Morris International Trading Down 0.6%

Philip Morris International stock opened at $190.44 on Wednesday. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $207.76. The company has a market cap of $296.82 billion, a PE ratio of 27.36, a PEG ratio of 2.45 and a beta of 0.37. The company’s 50-day moving average is $189.91 and its two-hundred day moving average is $179.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts forecast that Philip Morris International will post 8.44 EPS for the current year.

Philip Morris International Increases Dividend

The company 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 is an increase from Philip Morris International’s previous quarterly dividend of $1.47. This represents a $6.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 2nd. Philip Morris International’s dividend payout ratio is presently 84.48%.

Institutional Investors Weigh In On Philip Morris International

Several hedge funds have recently bought and sold shares of the company. GQG Partners LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at $8,220,008,000. Bank of America Corp DE bought a new position in Philip Morris International during the second quarter worth about $3,075,267,000. Capital International Investors lifted its holdings in Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors lifted its holdings in Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Philip Morris International in the second quarter valued at about $1,316,151,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.