13,629 Shares in Philip Morris International Inc. $PM Acquired by Mystic Asset Management Inc.

Key Points

• Mystic Asset Management acquired 13,629 shares of Philip Morris International during the second quarter, valued at approximately $2.47 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly earnings of $2.20 per share, exceeding estimates of $2.05, 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, equivalent to a 3.1% annual yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $205.89.

Mystic Asset Management Inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 13,629 shares of the company's stock, valued at approximately $2,466,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital International Investors increased its position in shares of Philip Morris International by 13.7% during 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 position in 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 valued at $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Capital World Investors lifted its position in Philip Morris International by 2.8% in 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. Bank of New York Mellon Corp boosted 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 worth $2,111,198,000 after purchasing an additional 2,755,662 shares during the period. Finally, Bank of America Corp DE boosted its stake in Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company's stock worth $2,848,919,000 after purchasing an additional 1,847,421 shares during the period. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.0%

Philip Morris International stock opened at $191.85 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The company has a fifty day simple moving average of $185.96 and a 200 day simple moving average of $178.30. The company has a market cap of $299.02 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued 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 firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend 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%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group increased their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. Needham & Company LLC lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Finally, Citigroup boosted their target price 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. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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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