Philip Morris International (NYSE:PM) Price Target Raised to $225.00

Philip Morris International (NYSE:PM) had its target price boosted by Citigroup from $210.00 to $225.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group upped their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC increased their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus boosted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $191.13 on Thursday. The company has a market cap of $297.90 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.30 and a beta of 0.38. The stock’s 50-day moving average is $183.37 and its 200-day moving average is $176.77. Philip Morris International has a 52-week low of $142.11 and a 52-week high of $207.76.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the company posted $1.89 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts predict that Philip Morris International will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is currently 84.48%.

Institutional Trading of Philip Morris International

Several institutional investors have recently modified their holdings of the company. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at about $26,000. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International in the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. raised its position in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

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.