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STAMFORD, CT--(BUSINESS WIRE)--Regulatory News:

Philip Morris International Inc.’s (PMI) (NYSE: PM) Group CEO PMI, Jacek Olczak, will address investors today at the 2026 Barclays Global Consumer Conference in Boston at 9:45 a.m. ET.

The live webcast will be available here. The webcast replay will be available at the same link for six months after the event. The webcast may also be accessed on mobile devices by downloading PMI’s Investor Relations App at www.pmi.com/irapp.

2026 Full-Year Forecast

PMI raises its 2026 full-year reported diluted EPS forecast to a range of $7.28 to $7.43 to reflect currency only. Excluding a total 2026 adjustment of $1.07 per share, the forecast range for adjusted diluted EPS of $8.35 to $8.50 represents a projected increase of 10.7% to 12.7% versus $7.54 in 2025. Excluding a favorable currency impact, at prevailing exchange rates, of $0.24 per share (previously $0.15), this represents growth of 7.5% to 9.5%. We also update our Q3 adjusted diluted EPS forecast for currency only to a range of $2.29 to $2.34, now including an estimated 1 cent favorable currency impact (previously unfavorable 8 cents).

All other forecast assumptions remain unchanged from those communicated on July 22, 2026.

Factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to these projections.

Full-Year

2026
Forecast

2025

Growth

Reported Diluted EPS

$7.28

-

$7.43

$ 7.26

Adjustments

Amortization of intangibles

0.50

0.50

Fair value adjustment for equity investments

0.16

(0.18)

Restructuring charges

0.03

0.14

Income tax impact associated with Swedish Match AB financing

0.06

(0.25)

Non-cash impairment of RBH equity investment

0.33

—

Egypt sales tax settlement adjustment

(0.01)

—

Other 2025 Adjustments (1)

—

0.07

Total Adjustments

1.07

0.28

Adjusted Diluted EPS

$8.35

-

$8.50

$ 7.54

10.7%

-

12.7%

Less: Currency

0.24

Adjusted Diluted EPS, excluding currency

$8.11

-

$8.26

$ 7.54

7.5%

-

9.5%

(1) Includes: $0.10 Germany excise tax classification litigation charge; ($0.10) RBH (Canada) Plan Implementation, including dividend income, net; $0.09 Impairment of Wellness business related equity investment; $0.06 Loss on expected sale of consumer accessories and other businesses; $0.03 Impairment of goodwill; ($0.11) Tax items

Forward-Looking & Cautionary Statements
This press release contains projections of future results and goals and other forward-looking statements, including statements regarding expected financial or operational performance; capital allocation plans; investment strategies; regulatory outcomes; market expectations; business plans and strategies. Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. In the event that risks or uncertainties materialize, or underlying assumptions prove inaccurate, actual results could vary materially from those contained in such forward-looking statements. Pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, PMI is identifying important factors that, individually or in the aggregate, could cause actual results and outcomes to differ materially from those contained in any forward-looking statements made by PMI.
PMI's business risks include: marketing and regulatory restrictions that could reduce our competitiveness, disrupt our SFP commercialization efforts, eliminate our ability to communicate with adult consumers, or ban certain of our products in certain markets or countries; excise tax increases and discriminatory tax structures; health concerns relating to the use of tobacco and other nicotine-containing products; litigation related to tobacco and/or nicotine products and intellectual property rights; intense competition; inability to anticipate changes in adult consumer preferences; use and reliance on third-parties; the adverse effects of global and individual country economic, regulatory and political developments, natural disasters and conflicts; geopolitical instability; the impact and consequences of Russia's invasion of Ukraine; changes in legal-age adult smoker behavior; continued decline of tax-paid cigarettes; lost revenues as a result of counterfeiting, contraband and cross-border purchases; governmental investigations; unfavorable currency exchange rates and currency devaluations, sustained periods of elevated inflation, and limitations on the ability to repatriate funds; adverse changes in applicable corporate tax laws; disruptions in the credit markets or changes to its credit ratings; recent and potential future tariffs imposed by the U.S. and other countries; adverse changes in the cost, availability, and quality of tobacco and other agricultural products and raw materials, as well as product components for its electronic devices; and the integrity of its information systems and effectiveness of its data privacy policies. PMI's future profitability may also be adversely affected should it be unsuccessful, in key markets or systemically, in its efforts to introduce, commercialize, and grow smoke-free products or if regulation or taxation do not differentiate between such products and cigarettes; if it is unable to successfully introduce new products, and promote brand equity; if there are prolonged disruptions of facilities used to produce its products; if it is unable to enter new markets or improve its margins through increased prices and productivity gains; if other market participants are more successful in their SFP commercialization efforts; if it is unable to attract and retain the best global talent; or if it is unable to successfully integrate and realize the expected benefits from recent transactions and acquisitions. Future results are also subject to the lower predictability of our smoke-free products performance.
PMI is further subject to other risks detailed from time to time in its publicly filed documents, including PMI's Annual Report on Form 10-K for the fourth quarter and year ended December 31, 2025, and the Quarterly Report on Form 10-Q for the second quarter ended June 30, 2026. PMI cautions that the foregoing list of important factors is not a complete discussion of all potential risks and uncertainties. PMI does not undertake to update any forward-looking statement that it may make from time to time, except in the normal course of its public disclosure obligations.

Philip Morris International: A Global Smoke-Free Champion
Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Our smoke-free products are available for sale in over 105 markets, and as of December 31, 2025, PMI estimates they were used by over 43 million legal-age consumers around the world, many of whom have moved away from cigarettes or significantly reduced their consumption. The smoke-free business accounted for approximately 42% of PMI’s second-quarter 2026 total net revenues. Since 2008, PMI has invested over $16 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for legal age adults who would otherwise smoke or use other nicotine-containing consumer products, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match’s General snus, ZYN nicotine pouches and versions of PMI’s IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables, General snus and 20 ZYN nicotine pouch variants also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA in their respective categories. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness areas. References to “PMI”, “we”, “our” and “us” mean Philip Morris International Inc., and its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.

Non-GAAP Measures, Glossary and Explanatory Notes
Reconciliations of non-GAAP measures in this release to the most directly comparable U.S. GAAP measures can be found in Exhibit 99.2 to the Form 8-K dated July 22, 2026, and here. A glossary of key terms, definitions and explanatory notes is available in the aforementioned Exhibit 99.2 and on the same webpage, where additional financial schedules, as well as adjustments and other calculations have also been made available.
Management reviews earnings per share, or "EPS," on an adjusted basis, which may exclude the impact of currency and other items such as acquisitions, divestitures, restructuring costs, tax items and other adjusting items. Additionally, starting in 2022 and on a comparative basis, PMI includes adjustments to add back amortization expense on acquisition related intangible assets that are recorded as part of purchase accounting and contribute to PMI’s revenue generation, as well as impairment of intangible assets, if any. While amortization expense on acquisition related intangible assets is excluded, the net revenues generated from these acquired intangible assets are included in the company's adjusted measures, unless otherwise stated. Currency-neutral rates reflect the way management views underlying performance for these measures. PMI believes that such measures provide useful insight into underlying business trends and results. Management reviews these measures because they exclude changes in currency exchange rates and other factors that may distort underlying business trends, thereby improving the comparability of PMI’s business performance between reporting periods. Furthermore, PMI uses several of these measures in its management compensation program to promote internal fairness and a disciplined assessment of performance against company targets. PMI discloses these measures to enable investors to view the business through the eyes of management.
Non-GAAP measures used in this release should neither be considered in isolation nor as a substitute for the financial measures prepared in accordance with U.S. GAAP.

The campaign centers on the "click" as a signature brand cue, rolling out across digital, out-of-home, and live cultural moments in 2026

, /PRNewswire/ -- Philip Morris International's U.S. businesses (PMI U.S.) today announced the national rollout of "When It Clicks," ZYN's new brand campaign inspired by the universal moment when effort, timing, and confidence align. The platform centers on the instantly recognizable sound of "the ZYN click" — the sensory cue that signals momentum and marks the point when everything comes together. The campaign taps into a simple insight: adults increasingly value being present for the moments that matter. In a world filled with constant distractions, competing priorities, and the pull of always being connected, ZYN keeps busy legal-aged nicotine users fully present without having to step away.

ZYN "When It Clicks"

ZYN "When It Clicks"

ZYN "When It Clicks" Inspired by the role ZYN can play in helping adult nicotine users stay engaged in those moments, "When It Clicks" celebrates the feeling of being in sync, when effort, timing, and confidence come together. The campaign, which aligns with PMI U.S.'s approach to responsible marketing, spans point of sale, digital, out-of-home, and live cultural events, connecting ZYN to everyday scenes where adult nicotine users want to be more present.

"At its core, 'When It Clicks' is built on both a product and an emotional truth," said Seth Kaufman, Chief Commercial Officer at PMI U.S. "For adult nicotine consumers, it's about having a way to stay engaged in the moment without missing what's happening around them. This campaign shines a light on those moments when everything clicks into place and adults can fully immerse themselves in the experiences that matter most."

A key visual device in the campaign is the use of brackets ("( )") to highlight moments when things 'click.' Together with the distinctive sound and the "When It Clicks" tagline, these elements create a flexible creative system for storytelling, experiences, and culture.

Following a soft launch this summer, PMI U.S. will bring "When It Clicks" to full national scale in the fourth quarter of 2026 through trade and consumer programming designed for legal-age adult nicotine consumers. Grounded in insights that these consumers are navigating attention overload, social friction, and a constant pull to be everywhere at once, the platform speaks to moments when they want to be more present without stepping away from the experiences around them. The platform will debut to retail trade partners and distributors at the National Association of Convenience Stores (NACS) Show in early October, followed by consumer-facing engagements that bring the "click" to life in culture, from music and entertainment to sport and art.

ZYN will also release limited-edition metal ZYN cases showcasing original artwork from a curated group of American and U.S.-based artists with each design capturing the spirit of creativity. Available for purchase beginning in Q4, these cases are accessories only and do not contain nicotine pouches. The American Art Series extends the "When It Clicks" platform beyond traditional advertising, connecting ZYN's signature idea to moments of inspiration, artistry, and national celebration.

PMI U.S. will continue to expand the platform in 2027 with activations for adult nicotine consumers across multiple channels. The campaign aims to connect the "click" to the sounds, experiences, and passions shaping modern culture, reaching new adult nicotine consumer communities and occasions as it evolves.

Editor's Note
At PMI U.S., we are deeply committed to preventing access to nicotine products by individuals under the age of 21. No one below the legal age should use nicotine in any form. Nicotine products are addictive and not risk-free. ZYN products are intended for adults 21+ who currently use nicotine products. PMI U.S.'s responsible marketing practices include, but are not limited to, publishing advertising that features only individuals aged 35 or older, requiring third-party age verification (21+) on branded websites, limiting our owned social media presence to platforms with age-gated controls, not engaging in product placement in movies or television, and investing in technologies to further restrict access to nicotine products by those under 21.

PMI U.S.: Invested in America
Philip Morris International Inc.'s U.S. businesses are invested in America's future and advancing a smoke-free nation. The businesses are committed to providing the approximately 25 million legal-age consumers who smoke cigarettes with better, smoke-free alternatives and to ensuring the products are marketed responsibly. From PMI's global headquarters in Stamford, Connecticut, and other locations nationwide, PMI U.S. contributes leadership, jobs, investment, and innovation in the U.S. The U.S. businesses employ more than 3,000 people across America and operate product manufacturing facilities, including in Aurora, Colorado, Owensboro, Kentucky, and Wilson, North Carolina. For more information, please visit www.uspmi.com.

References to "PMI" mean the Philip Morris International family of companies. "PMI U.S.," "we," "our," and "us" refer to one or more PMI U.S. businesses.

SOURCE PMI US Corporate Services, Inc.

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live webcast of a fireside chat session with Jacek Olczak, Group CEO PMI, at the 2026 Barclays Global Consumer Conference on Tuesday, September 8, 2026, at approximately 9:45 a.m. ET. The webcast can be accessed here. An archived copy of the webcast will be available for six months post-event on the same page. The webcast can also be accessed on mobile devices by downloading PMI's IR Ap.

Ausdal Financial Partners Inc. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,510 shares of the company’s stock, valued at approximately $3,168,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Philip Morris International by 31.1% during 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 last quarter. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after purchasing an additional 1,970 shares during the period. Jump Financial LLC bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $2,454,000. Finally, Osterweis Capital Management Inc. increased its position in shares of Philip Morris International by 2,280.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock valued at $65,000 after purchasing an additional 342 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets Several equities analysts have recently weighed in on PM shares. Morgan Stanley increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Citigroup upped their target price 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. Barclays increased their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus lifted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Get Our Latest Research Report on Philip Morris International Philip Morris International Price Performance PM stock opened at $193.94 on Thursday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The business has a 50 day simple moving average of $186.71 and a two-hundred day simple moving average of $178.64. The company has a market capitalization of $302.28 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.34 and a beta of 0.38.

Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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. Sell-side analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is 84.48%.

Philip Morris International Company Profile (Free Report)

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.

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Key Takeaways Philip Morris won FDA marketing authorization for 11 ZYN ULTRA nicotine pouch products in the United States.ZYN ULTRA approvals cover all 9mg variants and one 11mg Smooth variant, with more 11mg products under review.PM's smoke-free products span 109 markets and generated roughly 42% of second-quarter 2026 net revenues. Philip Morris International Inc. PM continues to advance its smoke-free transformation, with regulatory progress in the United States adding another potential growth lever. The FDA has authorized Swedish Match USA, Inc., a U.S. affiliate of Philip Morris International, to market 11 ZYN ULTRA moist oral nicotine pouch products following scientific review, broadening the company’s presence in the U.S. nicotine pouch category.

The authorizations cover all 9mg ZYN ULTRA variants and one 11mg Smooth variant, while additional 11mg products remain under FDA review. ZYN ULTRA, which has higher moisture content than the flagship ZYN range, is free of tobacco leaf. The latest action builds on earlier FDA authorizations for ZYN’s 3mg and 6mg variants and broadens Philip Morris’ portfolio of smoke-free alternatives for legal-age nicotine consumers.

The development broadens Philip Morris’ ability to serve legal-age nicotine consumers with a wider range of smoke-free alternatives. ZYN ULTRA also extends the brand into higher-strength offerings, potentially improving its reach across different consumer preferences. Philip Morris began commercializing ZYN ULTRA in June 2026 under recent FDA guidance, making the latest authorization an important regulatory step for the expanded range.

The decision adds to a series of FDA actions involving Philip Morris’ smoke-free portfolio. Earlier, 20 ZYN nicotine pouch variants received Modified Risk Tobacco Product authorizations. Versions of IQOS devices and consumables, along with General snus, have also received FDA marketing authorizations, highlighting the company’s growing regulatory footprint across smoke-free categories.

Overall, the ZYN ULTRA authorization reinforces Philip Morris’ long-term push to shift its portfolio toward smoke-free products. With the smoke-free products available across 109 markets and its smoke-free business accounting for roughly 42% of second-quarter 2026 net revenues, continued regulatory progress in the United States could support broader portfolio expansion and strengthen the company’s position in the smoke-free category.

Philip Morris’ Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have fallen 2.5% over the past month against the broader Consumer Staples sector and the S&P 500 index’s growth of 2.2% and 3.8%, respectively. PM has outperformed the industry’s decline of 5.2% in the same period.

PM Stock's Past Month Performance
Image Source: Zacks Investment Research

Is PM a Value Play Stock?Philip Morris currently trades at a forward 12-month P/E ratio of 21.22, which is up from the industry average of 15.16 and the sector average of 17.32. This valuation positions the stock at a premium relative to both its direct peers and the broader consumer staples sector.

PM P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research

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The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.

The Vita Coco Company, Inc. (COCO - Free Report) develops, manufactures, markets and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa and the Asia Pacific. COCO currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 21.9%, on average.

The Zacks Consensus Estimate for Vita Coco’s current fiscal-year sales and earnings indicates growth of 31.6% and 64.7%, respectively, from the year-ago reported numbers.

Darling Ingredients Inc. (DAR - Free Report) develops, produces and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America and internationally. At present, Darling Ingredients holds a Zacks Rank of 2 (Buy). DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.

The consensus estimate for Darling Ingredients’ current fiscal-year sales and earnings implies growth of 11.5% and 926.5%, respectively, from the year-ago figures.

Blue Capital Inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,339 shares of the company’s stock, valued at approximately $2,956,000. Philip Morris International comprises 1.9% of Blue Capital Inc.’s portfolio, making the stock its 11th largest holding.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after purchasing an additional 2,755,662 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after buying an additional 19,309 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after buying an additional 7,600 shares during the last quarter. Addison Capital Co boosted its position in Philip Morris International by 32.5% during the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after acquiring an additional 7,793 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in 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 acquiring an additional 2,023 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades PM has been the subject of several analyst reports. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Barclays raised their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

View Our Latest Stock Analysis on PM Philip Morris International Stock Performance Philip Morris International stock opened at $188.14 on Friday. The stock’s 50 day moving average price is $186.03 and its 200 day moving average price is $178.36. The firm has a market capitalization of $293.24 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76.

Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

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

(Free Report)

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.

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The U.S. Food and Drug Administration said on Friday it had authorized ​11 nicotine pouch products recently launched ‌by Philip Morris (PM.N), citing lower levels of harmful constituents compared with other oral and smokeless ​tobacco products.

Philip Morris unveiled its ​higher-strength Zyn Ultra nicotine pouches in ⁠June, at prices lower than its ​flagship Zyn brand, to fend off competition ​from British American Tobacco's (BATS.L) Velo.

Here are more details:

The latest authorization follows the agency's June approval of ​20 variants of the company's Zyn ​pouches as less harmful than cigarettes.

These pouches, placed under ‌the ⁠lip to deliver nicotine, are the fastest-growing nicotine category in the United States.

The newly authorized products include 9 mg ​Zyn Ultra ​Citrus, ⁠Menthol, and Wintergreen variants made by Philip Morris subsidiary Swedish ​Match USA.

Last month, Philip Morris ​reported ⁠better-than-expected quarterly earnings and said it would increase investment in Zyn as competition intensifies. ⁠However, ​the tobacco company lowered ​its annual forecast amid currency headwinds.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 47,342 shares of the company’s stock, valued at approximately $8,565,000.

A number of other institutional investors have also made changes to their positions in PM. Bernicke Wealth Management Ltd. purchased a new position in Philip Morris International in the 2nd quarter valued at about $228,000. Silvant Capital Management LLC acquired a new stake in shares of Philip Morris International during the second quarter valued at about $581,000. LaSalle St. Investment Advisors LLC purchased a new stake in shares of Philip Morris International during the second quarter worth about $709,000. Mystic Asset Management Inc. acquired a new position in shares of Philip Morris International in the second quarter worth about $2,466,000. Finally, Fairtree Asset Management Pty Ltd purchased a new position in Philip Morris International in the second quarter valued at about $1,794,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 1.0% PM stock opened at $191.85 on Friday. The stock’s 50 day simple moving average is $185.96 and its 200 day simple moving average is $178.30. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a market cap of $299.02 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. Philip Morris International’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. On average, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year. Philip Morris International Announces Dividend The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 84.48%.

Analyst Upgrades and Downgrades Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Needham & Company LLC lifted 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. 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

View Our Latest Report on PM

Philip Morris International Company Profile (Free Report)

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.

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Beverly Hills Private Wealth LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 48.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,510 shares of the company’s stock after selling 27,611 shares during the period. Philip Morris International comprises 1.0% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 29th largest holding. Beverly Hills Private Wealth LLC’s holdings in Philip Morris International were worth $5,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after buying an additional 1,793,949 shares during the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after buying an additional 3,579,399 shares during the period. Capital International Investors boosted its stake in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after buying an additional 11,013,173 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Philip Morris International by 12.0% in the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock worth $2,848,919,000 after acquiring an additional 1,847,421 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

NYSE PM opened at $187.77 on Wednesday. The stock’s 50-day moving average price is $185.60 and its 200-day moving average price is $178.12. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company has a market capitalization of $292.66 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts anticipate that Philip Morris International Inc. 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. Shareholders of record on Thursday, June 25th were issued 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 3.1%. Philip Morris International’s payout ratio is currently 84.48%.

Analysts Set New Price Targets PM has been the subject of a number of research reports. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

Read Our Latest Research Report on Philip Morris International

About Philip Morris International (Free Report)

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.

See Also Five stocks we like better than Philip Morris International The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).

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If you want your stocks to pay you to hold them, dividend investing is for you. And the best way to find fantastic dividend stocks is to, well, follow the money. I mean that literally.

When companies consistently generate more cash profits than they need to reinvest in the business, they tend to distribute the excess to shareholders as dividends. The best dividend-paying companies will even raise that amount year in and year out.

Consumer-facing companies are fertile ground for dividends. Not only is consumer spending the largest contributor to America's economy, but this is the space where companies with strong brands and long track records of success tend to have staying power.

Here are three money-printing machines that investors can confidently buy and hold for the long term.

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1. A monthly cash machine Realty Income (O -0.54%) serves as the landlord for thousands of consumer-facing tenants, including restaurants, pharmacies, grocery and convenience stores, and more. As a real estate investment trust (REIT), Realty Income acquires properties to lease out, then distributes most of its taxable income to investors as nonqualified dividends.

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Unlike most companies, Realty Income pays a monthly dividend, something it's actually become famous for. The company has also raised its dividend for over 31 consecutive years, and the payout remains well funded at just 73% of guided 2026 funds from operations. That dividend growth streak includes recessions and the COVID-19 pandemic, a testament to the company's strong fundamentals.

The stock also yields more than 5.1%, so investors get immediate sizable income. Investors looking for a money-printing business with a dividend to match can't go wrong by adding Realty Income to their portfolio. It's a no-brainer for anyone looking for monthly cash hitting their account.

2. Cashing in on the housing market In another corner of the real estate universe, The Home Depot (HD -0.29%) rakes in cash from a lucrative U.S. housing market worth more than $55 trillion. The world's largest home improvement retailer sells products and supplies to professionals and do-it-yourself customers looking to build or remodel homes.

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Home Depot is somewhat sensitive to recessions, as consumers pull back from big projects when times are tough. The company does navigate this well and has increased its dividend for 17 consecutive years. The dividend also has plenty of financial breathing room at 64% of Home Depot's cash flow.

The stock currently yields 2.7%, a respectable starting point for income-hungry investors. Analysts estimate that Home Depot will grow earnings at a mid-single-digit rate going forward, so shareholders should continue to see the dividend climb as the business continues to print money.

3. Cashing in on smoke-free products There may not be a more resilient industry than tobacco. Even though smoking rates are declining in many countries worldwide, Philip Morris International (PM -3.08%) has arguably never been better. The world's largest publicly traded tobacco company sells Marlboro outside the United States and boasts a stellar portfolio of smoke-free products, including Iqos and Zyn.

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Philip Morris was one of the early movers in smoke-free nicotine, and that move has paid off. Iqos kickstarted the world's heat-not-burn category, and its 2022 acquisition of Swedish Match brought the leading oral nicotine salt product, Zyn, under its roof. Meanwhile, the stock has continued to pay and raise its dividend every year since it began trading in 2008, following its separation from Altria Group.

The dividend yields 3.1% and consumes approximately 71% of the company's cash flow. Resilient pricing power in combustible cigarettes, combined with growth in smoke-free products, has analysts calling for earnings growth averaging 10% annually over the next three to five years. That should help Philip Morris pad its current dividend obligations and fund future increases for years to come.

Blueprint Investment Partners LLC acquired a new position in Philip Morris International Inc. (NYSE: PM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,891 shares of the company's stock, valued at approximately $2,151,000. Other hedge funds and other institutional investors also

FSTA's lower 0.08% fee contrasts with IYK's broader sector exposure and higher dividend yield, creating distinct trade-offs for defensive investors.

Posted by Defense World Staff on Jul 31st, 2026

Amundi grew its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 995,120 shares of the company’s stock after acquiring an additional 94,649 shares during the quarter. Amundi owned about 0.06% of Philip Morris International worth $164,533,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital International Investors increased its position in shares of Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after purchasing an additional 1,793,949 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In PM has been the topic of a number of recent research reports. Barclays boosted their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Needham & Company LLC increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Eleven investment 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 stock currently has an average rating of “Moderate Buy” and an average target price of $205.89.

Get Our Latest Stock Report on PM

Philip Morris International Stock Performance NYSE:PM opened at $192.12 on Friday. The stock has a market cap of $299.44 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The business’s 50-day simple moving average is $183.34 and its 200 day simple moving average is $176.67.

Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm 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%.Philip Morris International’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

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

Philip Morris International Company Profile (Free Report)

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.

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Philip Morris International U.S. CEO Stacey Kennedy discusses PMI's $1.2 billion investment in a new ZYN nicotine pouch manufacturing plant in Aurora, Colo., on 'The Claman Countdown.

A woman poses with a cigarette in front of Philip Morris International logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

July 27 (Reuters) - Philip Morris International (PM.N), opens new tab said on Monday it had doubled its planned investment in its Colorado ​manufacturing campus to about $1.2 billion through 2028, as ‌it expands production capacity for the Zyn nicotine pouch business.

The company in 2024 had initially announced a $600 million ​investment to build a manufacturing facility for Zyn ​nicotine pouches in Aurora, which opened on Monday.

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The ⁠company said the facility produces Zyn nicotine pouches ​and will support exports to markets across Asia, Latin ​America and the Caribbean.

Once fully operational, the facility is expected to generate approximately $550 million in annual economic impact and ​support 1,000 indirect jobs, the company said.

The Marlboro ​maker added that the Aurora campus joins the company's existing modern ‌nicotine ⁠manufacturing operations in Owensboro, Kentucky, and Wilson, North Carolina.

Nicotine pouches are the fastest-growing nicotine product in the U.S., with millions of users, driving sales for ​Philip Morris ​and helping ⁠fuel the company's growth across smoke-free products including heated tobacco device IQOS and ​vapes.

The investment comes weeks after the ​U.S. Food ⁠and Drug Administration authorized 20 Zyn nicotine pouches as less harmful than cigarettes, allowing the company to market ⁠reduced-risk ​information compared with cigarettes.

In July, ​Philip Morris beat second-quarter estimates, helped by strong demand for smoke-free products.

Reporting ​by Sanskriti Shekhar in Bengaluru; Editing by Maju Samuel

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Posted by Defense World Staff on Jul 26th, 2026

First Trust Advisors LP trimmed its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 391,135 shares of the company’s stock after selling 7,418 shares during the quarter. First Trust Advisors LP’s holdings in Philip Morris International were worth $64,670,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Philip Morris International by 22.2% during the 4th 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 increased its stake in Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after purchasing an additional 19,309 shares during the period. World Investment Advisors increased its stake in Philip Morris International by 42.5% in the fourth quarter. World Investment Advisors now owns 115,267 shares of the company’s stock valued at $18,489,000 after purchasing an additional 34,392 shares during the period. New York Life Investment Management LLC raised its holdings in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after buying an additional 7,600 shares during the last quarter. Finally, Brighton Jones LLC raised its holdings 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 buying an additional 2,023 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth PM has been the topic of a number of research reports. Needham & Company LLC raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group upped their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.00.

View Our Latest Stock Report on Philip Morris International

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

Positive Sentiment: Philip Morris delivered a strong Q2 beat, with revenue and EPS topping estimates on the back of smoke-free product growth, which supports the stock’s bullish case. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken Positive Sentiment: Stifel and Needham both raised their price targets and kept buy ratings, signaling confidence that the company’s growth and margin trends can continue. Analyst price target raise coverage Positive Sentiment: BTIG upgraded Philip Morris to strong-buy, adding to the broader analyst optimism around the stock after earnings. BTIG upgrade coverage Neutral Sentiment: The company plans to increase spending to expand ZYN, which shows confidence in growth but also raises questions about near-term expense pressure. Philip Morris Ramps Spending to Grow Zyn Brand Neutral Sentiment: Some commentary argues the stock’s valuation is already rich, so even a solid quarter may not be enough to drive much more upside without continued execution. Philip Morris Q2: A Solid Quarter Isn’t Enough At This Price Negative Sentiment: Philip Morris trimmed full-year EPS guidance, which could limit enthusiasm despite the strong quarter and ongoing smoke-free momentum. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken Philip Morris International Trading Up 0.9% Shares of PM opened at $192.84 on Friday. The stock’s 50 day moving average is $182.79 and its two-hundred day moving average is $175.46. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $199.78. The firm has a market capitalization of $300.55 billion, a PE ratio of 27.71, a P/E/G ratio of 2.28 and a beta of 0.38.

Philip Morris International (NYSE:PM – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 13.05%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 8.35 EPS for the current year.

Philip Morris International Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.0%. Philip Morris International’s dividend payout ratio is presently 84.48%.

Philip Morris International Profile (Free Report)

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.

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Posted by Defense World Staff on Jul 24th, 2026

Bank of Nova Scotia lessened its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,061,473 shares of the company’s stock after selling 359,789 shares during the quarter. Bank of Nova Scotia owned about 0.07% of Philip Morris International worth $175,504,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PM. Capital International Investors grew its position in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors raised its stake in Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after buying an additional 11,013,173 shares during the last quarter. Capital World Investors raised its stake in Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after buying an additional 3,579,399 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock valued at $1,491,898,000 after buying an additional 2,475,204 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Philip Morris International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after buying an additional 1,793,949 shares during the period. 78.63% of the stock is currently owned by institutional investors.

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

Positive Sentiment: Philip Morris beat Q2 estimates, reporting adjusted EPS of $2.20 on revenue of $11.19 billion, both above expectations, while smoke-free products like IQOS, ZYN, and VEEV drove growth and margin expansion. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken Positive Sentiment: Several analysts turned more constructive after the earnings release, including Stifel raising its price target to $205, Needham lifting its target to $215, and BTIG upgrading the stock to strong-buy. Analyst updates on Philip Morris price targets Positive Sentiment: The company’s smoke-free business continues to gain traction, with one report noting smoke-free products now make up 42% of revenue, supporting the long-term growth story. Philip Morris: The First $11 Billion Quarter Won’t Be The Last Neutral Sentiment: Management raised investment in ZYN and highlighted strong nicotine pouch momentum, which supports growth but also signals higher spending to sustain it. Philip Morris to lift Zyn investment, cigarette demand drives earnings beat Negative Sentiment: Philip Morris trimmed full-year EPS guidance, citing currency pressure and costs tied to Middle East conflict, which is weighing on enthusiasm despite the strong quarter. Philip Morris Trims Forecast on Currencies, Iran War Costs Wall Street Analysts Forecast Growth PM has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Stifel Nicolaus raised their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, BTIG Research started coverage on shares of Philip Morris International in a research report on Tuesday. They set a “buy” rating and a $216.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.44.

Read Our Latest Report on PM

Philip Morris International Price Performance Shares of PM stock opened at $191.13 on Friday. The company has a market capitalization of $297.89 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 2.29 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $199.78. The company’s fifty day moving average price is $182.72 and its 200-day moving average price is $175.34.

Philip Morris International (NYSE:PM – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 13.05% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International’s quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities research analysts expect that Philip Morris International Inc. will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is presently 82.70%.

Philip Morris International Company Profile (Free Report)

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.

Featured Stories Five stocks we like better than Philip Morris International Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).

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Philip Morris International Today

PM

Philip Morris International

$192.66 -1.64 (-0.85%)

As of 10:00 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$142.11▼

$199.78Dividend Yield3.05%

P/E Ratio26.99

Price Target$201.44

The economy isn’t the stock market, but there are times when the two align. That's one way to look at Philip Morris' NYSE: PM Q2 2026 earnings report. The company delivered a beat on revenue and earnings, driven by strength in its smoke-free business and better-than-expected performance in its legacy nicotine products.

This shouldn’t be a surprise in an uneven economy. Philip Morris sells nicotine products in a category where demand has historically remained resilient, even when consumers are under pressure.

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PM climbed after the report, even though the company lowered its earnings-per-share (EPS) outlook for the full year and the current quarter. The company, however, reiterated its outlook for organic revenue growth of 5% to 7%.

Philip Morris Earnings Beat Keeps Growth Story IntactThe headline numbers were solid. Revenue of $11.19 billion beat analysts’ expectations for $10.61 billion and was higher than the $10.14 billion in Q2 2025. Adjusted EPS of $2.20 was also above the estimate of $2.04 and above the $1.91 adjusted EPS from the prior year quarter.

A closer look at the EPS guidance may explain why investors are looking past the report. Philip Morris guided to adjusted EPS between $8.26 and $8.41 per share. That’s down 10 cents from both ends on its prior guidance of $8.26 to $8.51. However, even at the low end, it marks a 7.5% year-over-year (YOY) increase.

That's stronger growth than some models have factored in, suggesting the stock is undervalued. On the other hand, PM is up 20% year-to-date, and skeptics may believe that much of that future earnings growth is priced in.

Smoke-Free Products Keep Doing the Heavy LiftingThe quarter's real story is how much of that growth is coming from products that didn't exist in Philip Morris's portfolio a decade ago. International smoke-free net revenue grew 13.7% organically in the first half, with gross profit up 16.9% and gross margin expanding 190 basis points to 70%.

That's significantly more profitable than its legacy cigarette business, even though combustibles are hardly fading. International combustible gross profit still grew 6.1% organically in H1, with pricing power alone contributing 9.2% growth in the category.

IQOS remains the anchor of that smoke-free push, now sold in 80 markets, with the heated tobacco unit adjusted in-market sales growth of 11.3% in H1, excluding Japan and Poland, two markets facing temporary headwinds. Management pointed to a Kantar BrandZ ranking as one of 2026's most valuable global brands as evidence the platform still has room to run. Meanwhile, VEEV, the company's e-vapor brand, posted 72% shipment growth and became the top closed-pod brand in Europe with a 21.3% share, overtaking both of its nearest competitors during the past year.

ZYN, the nicotine pouch brand at the center of Philip Morris's U.S. growth story, shipped 2.9 billion pouches in Q2, up 25% sequentially from Q1, with a U.S. retail value share of 57.1%. The company is leaning further into that momentum, launching a ZYN Ultra range and new flagship dry flavors in June, with additional nicotine-strength variants due in Q3, backed by a new "When it clicks" ad campaign. ZYN also holds the first and only Modified Risk Tobacco Product authorization in its category, covering 20 SKUs, which the company is using as a differentiator against competitors.

Pricing Power Adds to the Growth StoryOf the 9.8% net revenue growth in the first half of 2026, pricing across both combustibles and smoke-free products contributed 5.9 percentage points. A favorable mix shift toward smoke-free products added another two points internationally.

That means roughly 80% of organic revenue growth is coming from the company charging more and selling a richer mix of products, not simply moving more volume. Total shipment volume was essentially flat in the half at 389.4 billion units, though it returned to positive growth in Q2, up 2.5% year-over-year, with SFP shipments climbing 7.5% in the quarter.

Overall MarketRank™82nd Percentile

Analyst RatingModerate Buy

Upside/Downside3.1% Upside

Short Interest LevelHealthy

Dividend StrengthStrong

News Sentiment0.91 Insider TradingN/A

Proj. Earnings Growth10.04%

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This is an important distinction for anyone modeling out the next few years. Pricing power historically compounds more reliably than volume growth for tobacco and nicotine companies, since regulatory and health pressures tend to cap unit growth over the long run. Philip Morris's own guidance for 2026 reflects revenue and EPS that model above the flat-to-low-single-digit volume trends the industry has seen for years.

Management also reiterated its targeting a sixth consecutive year of currency-neutral volume growth, a streak that would have seemed unlikely for a cigarette company a decade ago.

On the U.S. side specifically, sequential improvement was notable, with net revenues climbing 38% from Q1 to Q2 and adjusted gross profit up 46% over the same period, even as the company continues to invest heavily in ZYN's portfolio expansion. Management framed this as an early step in what it called a "substantial U.S. smoke-free opportunity," suggesting more investment — and potentially more short-term margin pressure — is still to come as new product variants roll out through Q3.

Investors should also note management's continued commitment to shareholder returns even amid this reinvestment phase. The company projected roughly $13.5 billion in operating cash flow for the year, underscoring that the company’s growth investments aren't coming at the expense of the balance sheet.

Is Philip Morris Stock Ready to Break Out After Earnings?Investors may feel like it’s Groundhog Day as PM stock is at a level that has provided resistance over the last two years. This pattern of retracing a path back to a level of resistance is usually a bullish sign, but it requires patience, which PM shareholders have had to have.

Nevertheless, the stock looks ready to break out, and at least one analyst agrees. BTIG Research initiated coverage of Philip Morris on July 21, setting a price target of $216. That’s well above the consensus price target of $197.

Investors in Philip Morris also get to enjoy the company’s dividend, which has a yield of 3.03% as of July 21 and has increased its payout for 17 consecutive years. This was the fourth consecutive quarter at the prior payout rate, so it’s likely that there will be an increase in the next quarter or two.

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Doubt the Market? 3 Stocks to Rideout Fear, Uncertainty and DoubtPhilip Morris International NYSE: PM reported what management described as a “very strong” second quarter, with growth led by its international smoke-free products business and a better-than-expected performance in combustibles.

Emmanuel Babeau, the company’s group chief financial officer, said Philip Morris generated 8% organic net revenue growth and 11% organic operating income growth in the quarter. Adjusted diluted earnings per share rose 15% in dollar terms to $2.20, including a $0.03 favorable currency impact.

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3 Dividend Kings Outshining the Market in 2025Quarterly net revenue exceeded $11 billion for the first time, Babeau said. Adjusted gross profit rose 8.7% organically, while adjusted operating income increased nearly 11% organically to $4.8 billion.

For the first half, Philip Morris reported total shipment volume growth of 0.4%, organic net revenue growth of 5.3% and adjusted operating income growth of 6.1% organically. Adjusted diluted EPS for the first half reached $4.16, up 15.6% in dollar terms.

Smoke-Free Products Remain Key Growth Driver 3 Stocks Lifting 2025 Guidance Despite Market JittersBabeau said the company’s international smoke-free business delivered “outstanding” first-half results, with organic net revenue growth of 13.7% and gross profit growth of 16.9%. Gross margin for the segment expanded 190 basis points to 70%.

IQOS adjusted in-market sales volume rose 5% in the second quarter, including what management called expected transitory headwinds from an April excise increase in Japan and a characterizing flavor ban in Poland. Excluding Japan and Poland, IQOS growth was 10.2% in the quarter and more than 11% in the first half.

Babeau cited strong performance in established IQOS markets such as Italy, Greece and Romania, as well as momentum in newer markets including Saudi Arabia, the Philippines, Mexico and Taiwan. He said IQOS maintained an approximately 76% global share of the heat-not-burn category in the first half.

VEEV also continued to grow, with e-vapor shipments rising 55% in the second quarter and 72% in the first half. Babeau said VEEV is now the leading brand in Europe within closed pod and combined pods and disposables.

International ZYN shipment volume rose 6% in the first half, or 32% excluding the Nordics. Babeau said the brand continued to gain share in small but fast-growing international nicotine pouch markets, including the U.K., Pakistan, Poland, Greece and the Philippines.

U.S. ZYN Business Improves Sequentially In the U.S., Philip Morris reported a significant sequential improvement from a difficult first quarter. Babeau said U.S. net revenue rose 38% sequentially and adjusted gross profit increased 46%, largely reflecting a 25% sequential increase in ZYN shipments and reduced sales promotion ahead of new product launches.

Year over year, U.S. segment net revenue declined nearly 1%, driven by cigar declines and unfavorable phasing in the wellness business, while ZYN net revenue was broadly flat. ZYN shipments rose 2% to 2.9 billion pouches, despite an inventory restocking tailwind in the prior-year period.

Babeau said ZYN remains the “clear premium leader” in the U.S. nicotine pouch category, with a retail value share of around 57%. He said recent category share performance has been affected by competitive gaps in higher-strength and flavor segments, as well as an elevated price premium.

The company has begun addressing those gaps with new products, including ZYN Ultra in nine- and 11-milligram moist variants, which contain 20 pouches per can. Philip Morris also plans to introduce 1.5-milligram and eight-milligram dry formats in the third quarter.

During the question-and-answer session, Babeau told Goldman Sachs analyst Bonnie Herzog that the first two weeks of ZYN Ultra sales were encouraging but cautioned against drawing conclusions too early. He said the 1.5-milligram offering is intended to help smokers try the category “in the most favorable possible condition.”

The company also plans to increase U.S. investment in the second half, including marketing, distribution, in-store execution and preparation for a potential IQOS ILUMA launch, subject to FDA action. Babeau said the new “When it Clicks” ZYN campaign is designed to build brand engagement and consumer relevance.

Combustibles Outperform Expectations Philip Morris’ combustible business exceeded management’s expectations in the quarter. Cigarette shipments rose 1.1% in the second quarter, supported by category share performance, timing factors and more favorable industry dynamics in certain large markets where smoke-free products are banned or limited.

Babeau named Indonesia, Turkey and Egypt as notable contributors, while also citing relative resilience in India and Mexico. For the first half, cigarette volumes declined 1.9%.

The company now expects full-year cigarette volumes to decline around 2% to 3%, compared with its prior expectation of about 3%. Babeau said this remains consistent with the structural evolution of the category.

Combustible pricing added 9.2% in the first half and nearly 10% in the second quarter, with contributions from markets including Turkey, Indonesia, the Philippines and Mexico. Philip Morris now forecasts full-year combustible pricing variance of more than 7%, though Babeau said the benefit is expected to be largely offset by more adverse geographic mix.

Guidance Maintained as U.S. Investment Rises Philip Morris maintained its full-year underlying growth targets. The company continues to expect organic net revenue growth of 5% to 7%, organic operating income growth of 7% to 9% and currency-neutral adjusted diluted EPS growth of 7.5% to 9.5%.

In dollar terms, the company now forecasts a currency tailwind of about $0.15 at prevailing rates, translating to adjusted diluted EPS of $8.26 to $8.41, or growth of 9.5% to 11.5%.

Babeau said the company expects total shipment volume to be stable to slightly positive for the full year, with high single-digit smoke-free product growth broadly offsetting cigarette declines. He said Philip Morris is aiming for its sixth consecutive year of total volume growth.

Asked by Herzog why guidance was not raised after two strong quarters, Babeau said the company is choosing to accelerate U.S. investment in the second half because of the expanded ZYN portfolio, the new marketing campaign and regulatory developments.

For the third quarter, Philip Morris expects HTU shipment volume of around 41 billion units, mid-single-digit organic top-line growth and modest organic margin expansion. The company targets adjusted diluted EPS of $2.20 to $2.25, including an unfavorable currency impact of $0.08.

CFO Transition Announced The call also marked Babeau’s final earnings call as group CFO. He thanked shareholders and analysts for their engagement over the past six years and said he believes Philip Morris will continue to be a standout performer within consumer packaged goods.

Massimo Andolina, currently regional president for Europe, will succeed Babeau as group CFO in August. Andolina said he looks forward to continuing the company’s focus on “delivering superior shareholder returns over the long term.”

About Philip Morris International (NYSE:PM)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Philip Morris International Right Now?Before you consider Philip Morris International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Philip Morris International wasn't on the list.

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22.7.2026 16:14, T, AMD, COF, PM, GOOGL, GEV

Index Dow Jones +0,52 % na 52498,58 b. S&P 500 +0,11 % na 7517,66 b. Nasdaq Composite -0,17 % na 25793,08 b.

Wall Street se v úvodu seance obchoduje ve smíšených číslech. Investoři zaujímají opatrný postoj před výsledky technologických společností. Dnes po konci obchodování budou reportovat společnosti Alphabet, Tesla, IBM a ServiceNow.

Investory zaujala rovněž zpráva Wall Street Journal, podle které společnost AMD uzavřela se společností Anthopic kontrakt na dodávku AI serverů v hodnotě několik desítek miliard dolarů.

Dnes před otevřením trhu reportovala výsledky řada společnosti, příkladem je Philip Morris International, GE Vernova a AT&T.

Americká tabáková společnost překonala tržní predikce napříč hlavními ukazateli. Tržby poprvé překonaly hranici 11 mld. USD. Celoroční výhled očištěného zisku na akcii společnost mírně snížila, a to prakticky výhradně kvůli měnovým vlivům.

Co se týče výsledků amerického výrobce energetického zařízení GE Vernova. Její divize energetiky a elektrifikace nadále těží z rychle rostoucí poptávky spojené mimo jiné s výstavbou datových center a modernizací rozvodných sítí, přičemž větrná energetika zůstává ztrátová. Díky silnému přílivu objednávek, expanzi marží a výrazné tvorbě hotovosti společnost navýšila svůj celoroční výhled pro rok 2026.

Telekomunikační operátor AT&T reportoval výsledky za 2Q. Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA.

Index S&P 500 +0,11 % na 7517,66 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Základní materiály +1,5 % Informační technologie -0,4 % Utility +1,4 % Reality 0 % Energie +1,3 % Zdravotní péče +0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Super Micro Computer (SMCI) +23 % TE Connectivity (TEL) -7,3 % Westinghouse Air Brake Technologies Corp (WAB) +11 % GE Vernova (GEV) -6,4 % Dell Technologies (DELL) +9,7 % DoorDash (DASH) -3,9 % CME Group (CME) +7,2 % AppLovin Corp (APP) -3,5 % Hewlett Packard Enterprise (HPE) +6,0 % Datadog (DDOG) -3,5 % Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

Philip Morris International reports better-than-expected second-quarter earnings but lowers full-year profit expectations.

22.7.2026 15:28, PM

Americká tabáková společnost Philip Morris International zveřejnila výsledky hospodaření za druhý kvartál roku 2026. Firma překonala tržní očekávání napříč hlavními ukazateli, tržby poprvé v historii přesáhly hranici 11 mld. USD. Dařilo se bezdýmnému byznysu, který již tvořil zhruba 42 % celkových tržeb. Celoroční výhled očištěného zisku na akcii společnost mírně snížila, a to prakticky výhradně kvůli měnovým vlivům.

Výsledky společnosti Philip Morris International (PM) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 11,19 10,61 10,14 Očištěný provozní zisk (mld. USD) 4,77 4,45 4,25 Očištěný zisk na akcii (EPS, USD/akcie) 2,20 2,04 1,91 Výsledky za 2Q Tržby společnosti meziročně vzrostly o 10,4 % na 11,19 mld. USD. Organické tržby byly meziročně vyšší o 7,6 %, zatímco trh očekával růst pouze o 4,91 %.

Philip Morris celkově dodal 205,2 mld. jednotek produktů, což představuje meziroční růst o 2,5 %.

Klasické cigarety zaznamenaly meziroční růst dodávek o 1,1 % na 156,9 mld. kusů.

Bezdýmné produkty zvýšily dodávky o 7,5 % na 48,2 mld. kusů (konsensus 48,06 mld.). Zahřívané tabákové náplně dosáhly 41,8 mld. kusů (+7,6 %, konsensus 41,73 mld.), přičemž IQOS zůstává hlavním růstovým motorem. Dodávky ZYN v USA vzrostly o 1,8 % na 2,9 mld. sáčků.

Hrubý zisk meziročně vzrostl o 11,5 % (organicky +8,7 %) na 7,66 mld. USD, k čemuž přispěla silná cenotvorba, efekt rozsahu a příznivější mix bezdýmných produktů.

Očištěná provozní marže činila 42,6 %, meziročně o 0,7 p. b. výše.

Zisk na akcii meziročně klesl o 7,7 % na 1,80 USD, a to vlivem nepeněžního odpisu podílu v kanadské RBH ve výši 511 mil. USD (dopad 0,33 USD na akcii). Očištěný zisk na akcii naopak vzrostl o 15,2 % na 2,20 USD (bez měnového vlivu +13,6 %) a překonal očekávání trhu ve výši 2,04 USD.

Výhled na 3Q Pro třetí kvartál firma očekává očištěný zisk na akcii 2,20 až 2,25 USD (včetně odhadovaného nepříznivého měnového vlivu 0,08 USD), což je pod tržním konsensem ve výši 2,43 USD.

Roční výhled Philip Morris International nadále projektuje růst organických tržeb v rozmezí 5 až 7 % (konsensus +5,7 %) a růst organického provozního zisku o 7 až 9 %. Firma počítá s poklesem dodávek cigaret o 2–3 % a vysokým jednociferným růstem dodávek bezdýmných produktů.

Očištěný zisk na akcii by měl dosáhnout 8,26 až 8,41 USD (konsensus 8,38 USD). Dříve společnost projektovala 8,31 až 8,46 USD. Snížení jde prakticky výhradně za vývojem měnových kurzů, poněvadž příznivý měnový vliv klesl z 0,20 na 0,15 USD na akcii.

Komentář CEO „Ve druhém kvartále jsme dosáhli vynikajících výsledků, tržby poprvé přesáhly 11 mld. USD a všechny klíčové ukazatele zaznamenaly silný růst,“ uvedl generální ředitel Jacek Olczak. „Se silným prvním pololetím za sebou, včetně pokračující dynamiky a dobrých výsledků bezdýmného byznysu, jsme dobře připraveni splnit celoroční cíle a zároveň investovat do budoucího růstu,“ dodal Olczak.

Akcie Philip Morris International Akcie Philip Morris International (PM) v předburzovní fázi obchodování oslabují o 0,93 % na 186,29 USD.

Akcie Philip Morris International (PM) před výsledky na 188,04 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 293,1 P/E 26,5 Vývoj za letošní rok (%) +17,2 Očekávané P/E 22,4 52týdenní minimum (USD) 142,1 Prům. cílová cena (USD) 197,8 52týdenní maximum (USD) 194,9 Dividendový výnos (%) 3,1 Zdroj: Philip Morris International, Bloomberg

Michal Bárta, Fio banka, a.s.

Packages of Marlboro cigarettes produced by Philip Morris International are seen at the grocery store in Warsaw, Poland May 29, 2024. REUTERS/Kacper Pempel Purchase Licensing Rights, opens new tab

CompaniesJuly 22 (Reuters) - Philip Morris International (PM.N), opens new tab cut its annual profit ​forecast for the third time this year ‌on Wednesday, hurt by intensifying competition among tobacco products and negative currency swings.

Shares of the company were down 1% ​in premarket trading.

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The company also said it ​seeks to invest in its Zyn nicotine pouches ⁠following recent regulatory approval.

While U.S. regulators have ​recently taken a more favorable stance toward nicotine pouches, including ​allowing certain Zyn products to be marketed as less harmful than cigarettes, increased competition and pricing pressure have raised concerns ​about PMI's ability to maintain its market-leading ​position.

The company expects full-year adjusted earnings per share of $8.26 to $8.41, compared ‌with ⁠its previous forecast of $8.31 to $8.46.

Philip Morris has been investing heavily to diversify beyond cigarettes, but faces mounting competition in the rapidly growing nicotine pouch category ​from products such ​as British ⁠American Tobacco's (BATS.L), opens new tab Velo.

The company launched Zyn Ultra, a higher-strength moist pouch variant, in ​June and priced it below PMI's flagship Zyn products ​on ⁠a per-pouch basis, as the company looks to defend market share.

Its second-quarter revenue rose 10.4% to $11.19 billion, ⁠exceeding ​analysts' estimate of $10.63 billion, according ​to data compiled by LSEG.

Reporting by Neil J Kanatt in Bengaluru ​and Emma Rumney in London; Editing by Devika Syamnath

Our Standards: The Thomson Reuters Trust Principles., opens new tab

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast on Wednesday, July 22, 2026, at 9:00 a.m. ET, to discuss its 2026 second-quarter and first six-months financial results, which will be issued at approximately 7:00 a.m. ET the same day. The webcast can be accessed here. The webcast will be hosted by Emmanuel Babeau, Group Chief Financial Officer, and Massimo Andolina, incoming Group CFO, and will include discussion of.

Wall Street investors are reportedly flooding back into tobacco stocks, erasing years of ethical boycotts as the industry’s aggressive pivot toward smoke-free products blurs old moral lines.

For nearly a decade, pension funds and major endowments blacklisted cigarette makers under strict mandates.

But that taboo is quickly going up in smoke. Tobacco companies generating massive sales from non-combustible alternatives are “rejoining polite society” and earning premium stock market valuations from returning institutional capital, the Wall Street Journal reported Thursday.

Alternative tobacco products have sparked a rethink among investors after nearly a decade of ESG-related concerns. Christopher Sadowski The shift gained fresh momentum when the Food and Drug Administration gave the green light for Philip Morris to market 20 variants of its Zyn nicotine pouches as a less harmful alternative to traditional smoking. The June 30 decision noted a reduced risk of lung cancer, stroke and heart disease for people who use the pouches, which go between one’s gums and cheek but don’t contain tobacco.

The move came just weeks after New York Gov. Kathy Hochul signed a new 75% wholesale tax into law on alternative tobacco products — the so-called “Bro Tax.”

Still, crossing the FDA’s regulatory moat prompted immediate action from major investment banks. Morgan Stanley recently raised its price target on Philip Morris to $200, highlighting the upcoming rollout of Zyn Ultra.

“The developments increase our confidence,” Morgan Stanley analysts wrote in a briefing to clients, adding that they see an increased probability for their $250 bull-case scenario as smoke-free alternatives dominate Philip Morris’ revenue.

Bank of America similarly backed the stock, pushing its target to $209 on high-margin smokeless execution.

British American Toboacco has also been embarking upon a share buyback program in recent months. REUTERS Philip Morris generates about 41% of its sales from non-combustible products, the Journal noted, adding it now trades at a massive 70% premium over rivals still heavily dependent on sales of old-fashioned smokes.

While Philip Morris has captured the premium valuations, rival British American Tobacco, or BATm is executing a sweeping, tech-driven transformation to reclaim market share.

The maker of Lucky Strike and Vuse vapes reportedly plans to eliminate 9,000 global jobs — nearly 19% of its workforce — by outsourcing 3,500 roles to Accenture and deploying artificial intelligence to automate back-office operations.

The workforce cuts aim to harvest $800 million in annual savings by 2028, freeing up capital to aggressively fund BAT’s smokeless product expansion.

Wall Street experts are bullish on tobacco stocks, seeing huge growth potential in alternatives to regular cigarettes and AI-related cost savings. LightRocket via Getty Images Barclays analyst Pallav Mittal noted that the “scale of this workforce reduction is unexpected.”

Nevertheless, the strategic shift keeps analysts bullish.

Experts at Jefferies and UBS recently reiterated buy ratings on BAT, joining a solid majority of Wall Street analysts who rate the stock a strong buy as the firm pushes to double its share of the US oral nicotine market.

As combustible cigarette volumes maintain their decades-long decline, the industry’s rapid evolution appears to be permanently redrawing the boundaries of institutional investing.

“The FDA authorization for Zyn … is a significant positive,” Morgan Stanley analysts concluded in their recent note upgrading the sector. “It provides a clear regulatory pathway and validates the harm reduction potential increasing our confidence in the company’s ability to drive accelerated smoke-free growth.”