Philip Morris International (NYSE:PM) Given New $205.00 Price Target at Needham & Company LLC

Philip Morris International (NYSE:PM) had its price objective lifted by Needham & Company LLC from $190.00 to $205.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

PM has been the subject of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a report on Monday. Barclays cut their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. UBS Group restated a “neutral” rating and set a $181.50 price objective on shares of Philip Morris International in a research note on Monday. Finally, Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.06.

Philip Morris International Stock Up 0.4%

Philip Morris International stock opened at $182.57 on Tuesday. The company has a 50 day moving average of $165.06 and a 200-day moving average of $161.79. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $186.69. The stock has a market capitalization of $284.20 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.39.

Philip Morris International (NYSE:PM) last announced its earnings results on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the business earned $1.55 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. Equities analysts anticipate that Philip Morris International will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 80.88%.

Hedge Funds Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 91 shares during the period. Sivia Capital Partners LLC raised its stake in Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,970 shares in the last quarter. CWM LLC boosted its holdings in Philip Morris International by 33.0% in the 2nd quarter. CWM LLC now owns 99,590 shares of the company’s stock valued at $18,138,000 after purchasing an additional 24,725 shares during the period. Finally, Vest Financial LLC grew its position in shares of Philip Morris International by 39.3% during the 2nd quarter. Vest Financial LLC now owns 21,330 shares of the company’s stock worth $3,885,000 after purchasing an additional 6,015 shares in the last quarter. 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.