10,845 Shares in Philip Morris International Inc. $PM Purchased by RB Capital Management LLC

Key Points

• RB Capital Management purchased 10,845 shares of Philip Morris International worth approximately $1.96 million during the second quarter. Several other institutional investors also initiated positions, with institutions and hedge funds owning 78.63% of the stock.
• Philip Morris reported quarterly EPS of $2.20, exceeding the $2.05 consensus estimate, while revenue rose 10.4% year over year to $11.19 billion. The company issued third-quarter 2026 EPS guidance of $2.20–$2.25.
• Philip Morris pays a quarterly dividend of $1.47 per share, equal to a 3.1% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $205.89 versus the reported share price of $192.02.

RB Capital Management LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,845 shares of the company's stock, valued at approximately $1,962,000.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Philip Morris International during the second quarter worth about $473,000. Glenview Trust Co purchased a new position in shares of Philip Morris International in the second quarter valued at approximately $13,706,000. North Star Asset Management Inc. acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $10,248,000. Concorde Asset Management LLC acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $321,000. Finally, Maxele Advisors LLC purchased a new stake in Philip Morris International during the 2nd quarter worth approximately $338,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.8%

Shares of NYSE:PM opened at $192.02 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm's 50 day moving average price is $187.21 and its 200 day moving average price is $178.79. The stock has a market cap of $299.28 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The firm's 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, equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced 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. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International's payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PM. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Stifel Nicolaus upped 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. Citigroup increased their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Barclays lifted their target price on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Company 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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