Philip Morris International Inc. (NYSE:PM) Stock Has Consensus Price Target of $207.00

Shares of Philip Morris International Inc. (NYSE:PM) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $207.00.

Several equities analysts recently commented on PM shares. Citigroup upped their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC raised their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Morgan Stanley lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $182.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, September 23rd.

Hedge Funds Weigh In On Philip Morris International

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Philip Morris International by 0.4% in the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock valued at $19,545,430,000 after acquiring an additional 444,449 shares during the period. State Street Corp raised its position in shares of Philip Morris International by 1.0% in the 2nd quarter. State Street Corp now owns 55,569,994 shares of the company’s stock worth $10,134,454,000 after acquiring an additional 536,968 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter worth $8,220,008,000. Wellington Management Group LLP lifted its stake in shares of Philip Morris International by 3.9% during the 2nd quarter. Wellington Management Group LLP now owns 17,506,171 shares of the company’s stock worth $3,167,041,000 after purchasing an additional 650,587 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Philip Morris International by 12.0% during the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock valued at $2,848,919,000 after purchasing an additional 1,847,421 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Key Headlines Impacting Philip Morris International

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

• Positive Sentiment: Philip Morris’s upcoming third-quarter results are expected to benefit from continued smoke-free product momentum, pricing gains and product innovation. These factors could support revenue and earnings growth if they offset higher operating costs and competitive pressure. Philip Morris Q3 Earnings on Deck: Key Factors You Should Understand
• Positive Sentiment: PMI published a study highlighting its economic footprint in the European Union from 2021 through 2025, including contributions from suppliers, manufacturing and research. The announcement reinforces the company’s transformation narrative, although it is unlikely to materially change near-term financial forecasts. Philip Morris International Announces EU Economic Footprint Study
• Neutral Sentiment: Philip Morris will release third-quarter and first-nine-month results before the market opens on October 21 and host an investor webcast at 9:00 a.m. ET. The event gives investors a near-term catalyst and an opportunity to assess smoke-free adoption, margins and full-year guidance. Philip Morris International to Host Webcast of 2026 Third-Quarter Results
• Negative Sentiment: Analysts and investors are increasingly focused on whether PM’s strong multiyear rally has pushed its valuation ahead of the company’s underlying earnings power. Concerns that much of the smoke-free growth is already reflected in the share price may be limiting upside before earnings. Philip Morris Stock Looks Richly Valued After Smoke-Free Push
• Negative Sentiment: Exchange-traded funds were net sellers of PM on October 13, adding to market-related selling pressure. The stock has also recorded a prolonged sequence of declining sessions, reflecting cautious positioning ahead of the earnings announcement. ETFs Are Net Sellers of Philip Morris
• Negative Sentiment: Higher costs and competition could weigh on third-quarter growth, creating execution risk even if smoke-free products continue to expand. Q3 Earnings Season Scorecard and Analyst Reports

Philip Morris International Stock Down 2.8%

Philip Morris International stock opened at $199.80 on Friday. The company’s 50-day moving average price is $190.87 and its 200-day moving average price is $182.35. The company has a market cap of $311.41 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 2.63 and a beta of 0.34. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $210.45.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates 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 revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $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 will post 8.42 earnings per share 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. Investors of record on Friday, October 2nd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.2%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Friday, October 2nd. Philip Morris International’s payout ratio is currently 91.95%.

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.