Philip Morris International (NYSE:PM) Stock Jumps 4.7% – Here’s Why

Shares of Philip Morris International Inc. (NYSE:PM) were up 4.7% during trading on Thursday. The stock traded as high as $201.54 and last traded at $201.7270. Approximately 1,875,453 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 4,966,263 shares. The stock had previously closed at $192.69.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley increased 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. UBS Group upped their target price on shares of Philip Morris International from $182.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Needham & Company LLC lifted 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. Barclays upped their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.00.

Philip Morris International Stock Up 0.2%

The company has a market cap of $313.02 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.56 and a beta of 0.34. The business has a 50-day moving average price of $189.76 and a two-hundred day moving average price of $181.16.

Philip Morris International (NYSE:PM) last posted its quarterly 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 business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 8.44 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is a boost 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 3.2%. Philip Morris International’s payout ratio is 91.95%.

Institutional Trading of Philip Morris International

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of 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 buying an additional 2,755,662 shares during the period. Perennial Investment Advisors LLC acquired a new position in Philip Morris International in the 2nd quarter valued at approximately $505,000. Teamwork Financial Advisors LLC raised its stake in shares of Philip Morris International by 2,662.6% during the second quarter. Teamwork Financial Advisors LLC now owns 65,695 shares of the company’s stock valued at $11,885,000 after acquiring an additional 63,317 shares during the last quarter. Orographic Financial Advisors LLC bought a new position in shares of Philip Morris International during the first quarter valued at $1,205,000. Finally, Addison Capital Co lifted its holdings in shares of Philip Morris International by 32.5% during the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after purchasing an additional 7,793 shares during the period. Institutional investors own 78.63% of the company’s stock.

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.