11,479 Shares in Philip Morris International Inc. $PM Bought by Centaurus Financial Inc.

Key Points

• Centaurus Financial initiated a 11,479-share position in Philip Morris International during the second quarter, valued at approximately $2.08 million. Institutional investors and hedge funds collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20, beating estimates by $0.15, while revenue rose 10.4% year over year to $11.19 billion. The company pays a $1.47 quarterly dividend, representing a 3.1% yield.
• Analysts maintain a favorable outlook, with ten Buy ratings and two Holds; the stock has an average target price of $205.89 versus its recent price of $190.52.

Centaurus Financial Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,479 shares of the company's stock, valued at approximately $2,077,000.

A number of other hedge funds also recently modified their holdings of the business. Coastal Bridge Advisors LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $3,298,000. Jefferies Financial Group Inc. bought a new position in Philip Morris International in the second quarter valued at approximately $1,591,000. Public Employees Retirement System of Ohio acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $107,426,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Philip Morris International during the second quarter worth $2,345,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Philip Morris International during the second quarter worth $528,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $190.52 on Friday. The stock has a 50 day moving average price of $186.94 and a 200 day moving average price of $178.69. The stock has a market capitalization of $296.94 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

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, topping analysts' consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business's 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. As a group, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current 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 paid a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International's payout ratio is currently 84.48%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PM. Morgan Stanley upped their target price 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. 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, July 24th. Bank of America reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Citigroup upped 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, July 30th. Finally, Needham & Company LLC lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Ten equities research 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, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $205.89.

About Philip Morris International

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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