Philip Morris International (NYSE:PM) Sets New 12-Month High Following Earnings Beat

Philip Morris International Inc. (NYSE:PM)’s stock price reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $199.78 and last traded at $194.6740, with a volume of 7797800 shares trading hands. The stock had previously closed at $188.04.

The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 13.05% and a negative return on equity of 163.41%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 82.70%.

Key Philip Morris International News

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris delivered a strong Q2 beat, with revenue and EPS topping estimates on the back of smoke-free product growth, which supports the stock’s bullish case. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
• Positive Sentiment: Stifel and Needham both raised their price targets and kept buy ratings, signaling confidence that the company’s growth and margin trends can continue. Analyst price target raise coverage
• Positive Sentiment: BTIG upgraded Philip Morris to strong-buy, adding to the broader analyst optimism around the stock after earnings. BTIG upgrade coverage
• Neutral Sentiment: The company plans to increase spending to expand ZYN, which shows confidence in growth but also raises questions about near-term expense pressure. Philip Morris Ramps Spending to Grow Zyn Brand
• Neutral Sentiment: Some commentary argues the stock’s valuation is already rich, so even a solid quarter may not be enough to drive much more upside without continued execution. Philip Morris Q2: A Solid Quarter Isn’t Enough At This Price
• Negative Sentiment: Philip Morris trimmed full-year EPS guidance, which could limit enthusiasm despite the strong quarter and ongoing smoke-free momentum. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken

Analysts Set New Price Targets

A number of brokerages have commented on PM. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, UBS Group upped their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PM. AG Campbell Advisory LLC purchased a new position in Philip Morris International during the fourth quarter worth about $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International in the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. grew its holdings in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares during the period. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International in the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.9%

The company has a market cap of $300.55 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 2.25 and a beta of 0.38. The stock’s 50 day moving average price is $182.79 and its 200 day moving average price is $175.46.

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.