Philip Morris International (NYSE:PM) Reaches New 12-Month High on Strong Earnings

Philip Morris International Inc. (NYSE:PM) shares reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $199.78 and last traded at $194.6740, with a volume of 7797800 shares traded. The stock had previously closed at $188.04.

The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company posted $1.89 EPS. The firm’s quarterly revenue 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.

Philip Morris International Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Key Stories Impacting Philip Morris International

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

• Positive Sentiment: Philip Morris posted Q2 adjusted EPS of $2.20, topping estimates, while revenue of $11.19 billion also exceeded forecasts on strong smoke-free product sales and international growth.
• Positive Sentiment: Zyn and other smoke-free products continued to show strong demand, reinforcing the company’s transition away from traditional cigarettes. Reuters: Philip Morris beats second-quarter sales estimates
• Positive Sentiment: Management signaled confidence in the company’s long-term smoke-free strategy and said it plans to increase investment in the U.S. market. TipRanks: Philip Morris International Signals Confident Smoke-Free Future
• Neutral Sentiment: The company raised spending on Zyn, which could support growth, but also implies higher near-term investment needs. Yahoo Finance: Philip Morris Stock Rises as Earnings Highlight Nicotine Pouch Rebound
• Negative Sentiment: Philip Morris lowered its full-year EPS outlook, which may limit enthusiasm despite the strong quarter. Barrons: Philip Morris Stock Falls After It Cuts Guidance, but There Is One Bright Spot
• Negative Sentiment: Currency headwinds and conflict-related costs in the Middle East pressured the company’s profit forecast. Financial Post: Philip Morris Trims Forecast on Currencies, Iran War Costs

Analysts Set New Price Targets

A number of brokerages have weighed in on PM. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. BTIG Research assumed coverage on shares of Philip Morris International in a report on Tuesday. They issued a “buy” rating and a $216.00 target price on the stock. Morgan Stanley increased their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $197.00.

Hedge Funds Weigh In On Philip Morris International

A number of hedge funds and other institutional investors have recently modified their holdings of PM. Assetmark Inc. grew its stake in shares of Philip Morris International by 22.2% during the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after purchasing an additional 114,618 shares during the period. Global Retirement Partners LLC boosted its holdings in Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after buying an additional 19,309 shares during the last quarter. World Investment Advisors grew its position in shares of Philip Morris International by 42.5% during the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after buying an additional 34,392 shares during the period. New York Life Investment Management LLC grew its position in shares of Philip Morris International by 3.6% during the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after buying an additional 7,600 shares during the period. Finally, Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 3.5%

The company has a market capitalization of $303.41 billion, a P/E ratio of 27.38, a PEG ratio of 2.22 and a beta of 0.38. The business has a 50 day moving average price of $182.74 and a 200 day moving average price of $175.12.

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.