146,159 Shares in Philip Morris International Inc. $PM Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 146,159 shares of Philip Morris International during the second quarter, valued at approximately $26.4 million. Institutional investors now own 78.63% of the company.
• Analysts remain broadly bullish, with ten Buy ratings and two Hold ratings. Philip Morris has a consensus rating of “Moderate Buy” and an average price target of $205.89, above its reported share price of $190.52.
• Philip Morris exceeded quarterly expectations with $2.20 in earnings per share and $11.19 billion in revenue, while revenue grew 10.4% year over year. The company also pays a quarterly dividend of $1.47, representing a 3.1% annualized yield.

Empowered Funds LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 146,159 shares of the company's stock, valued at approximately $26,442,000.

Other hedge funds have also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC acquired a new position in shares of Philip Morris International in the 2nd quarter worth approximately $13,256,000. Papamarkou Wellner Asset Management inc. bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $4,465,000. Dearborn Partners LLC acquired a new stake in Philip Morris International during the second quarter worth approximately $362,000. Yukon Wealth Management Inc. acquired a new stake in Philip Morris International during the second quarter worth approximately $469,000. Finally, Brooks Moore & Associates Inc. bought a new stake in Philip Morris International in the second quarter worth approximately $1,076,000. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PM shares. Citigroup boosted their price target 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 price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, Needham & Company LLC lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Trading Down 1.8%

Shares of PM stock opened at $190.52 on Friday. The firm has a fifty day simple moving average of $186.94 and a two-hundred day simple moving average of $178.69. 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 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 (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, beating analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 8.33 earnings per share 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. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International's dividend payout ratio is 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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