Weiss Ratings Reaffirms Buy (B) Rating for Philip Morris International (NYSE:PM)

Philip Morris International (NYSE:PM)‘s stock had its “buy (b)” rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating for the company. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price for the company. Finally, Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $195.44.

Philip Morris International Price Performance

PM opened at $155.27 on Wednesday. The firm has a market cap of $241.69 billion, a P/E ratio of 29.52, a PEG ratio of 2.24 and a beta of 0.46. Philip Morris International has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a 50 day simple moving average of $164.43 and a two-hundred day simple moving average of $168.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities analysts anticipate that Philip Morris International will post 7.14 earnings per share for the current year.

Institutional Investors Weigh In On Philip Morris International

Several hedge funds and other institutional investors have recently made changes to their positions in PM. Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% in the fourth 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 period. Revolve Wealth Partners LLC raised its stake in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Philip Morris International by 1.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 16,818 shares of the company’s stock valued at $2,670,000 after acquiring an additional 203 shares during the period. GAMMA Investing LLC raised its stake in shares of Philip Morris International by 26.5% in the first quarter. GAMMA Investing LLC now owns 28,268 shares of the company’s stock valued at $4,487,000 after acquiring an additional 5,930 shares during the period. Finally, Integrated Advisors Network LLC increased its stake in Philip Morris International by 6.7% in the 1st quarter. Integrated Advisors Network LLC now owns 10,652 shares of the company’s stock worth $1,691,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.