103,084 Shares in Philip Morris International Inc. $PM Bought by Foyston Gordon & Payne Inc

Key Points

• Foyston Gordon & Payne acquired 103,084 shares of Philip Morris International worth approximately $18.7 million, making PM its fifth-largest holding at about 4% of the portfolio. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with $2.20 in earnings per share and $11.19 billion in revenue, while revenue rose 10.4% year over year. The company also pays a quarterly dividend of $1.47, equivalent to a 3.1% annual yield.

Foyston Gordon & Payne Inc acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 103,084 shares of the company's stock, valued at approximately $18,716,000. Philip Morris International makes up about 4.0% of Foyston Gordon & Payne Inc's holdings, making the stock its 5th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC bought a new position in shares of Philip Morris International in the second quarter worth about $8,220,008,000. Capital International Investors grew its holdings in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares during the last quarter. Capital Research Global Investors increased its position 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 worth $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Capital World Investors increased its position 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 worth $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Philip Morris International by 30.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock valued at $2,111,198,000 after purchasing an additional 2,755,662 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on PM shares. Needham & Company LLC raised their target price 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. UBS Group upped their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. BTIG Research set a $221.00 price target on Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Morgan Stanley raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Price Performance

NYSE:PM opened at $188.14 on Friday. The firm's 50 day simple moving average is $186.03 and its 200 day simple moving average is $178.36. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The company has a market cap of $293.24 billion, a PE ratio of 27.03, a P/E/G ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $1.89 EPS. The company's revenue for the quarter 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 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. 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%.

Philip Morris International Profile

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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