Beacon Pointe Advisors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 252,107 shares of the company's stock, valued at approximately $45,609,000.
Several other large investors have also made changes to their positions in PM. GQG Partners LLC acquired a new position in shares of Philip Morris International in the second quarter valued at $8,220,008,000. Bank of America Corp DE bought a new stake in Philip Morris International in the second quarter valued at about $3,075,267,000. Capital International Investors raised its position in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors lifted its stake in Philip Morris International by 25.3% during the fourth 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 during the period. Finally, Legal & General Group Plc acquired a new stake in Philip Morris International during the second quarter valued at approximately $1,316,151,000. Institutional investors and hedge funds own 78.63% of the company's stock.
Philip Morris International Price Performance
Philip Morris International stock opened at $192.02 on Friday. The firm has a 50-day moving average of $187.21 and a 200-day moving average of $178.79. The company has a market cap of $299.28 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year 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. The company had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.
Philip Morris International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's payout ratio is 84.48%.
Wall Street Analyst Weigh In
PM has been the topic of a number of analyst reports. BTIG Research set a $221.00 price target on Philip Morris International and gave the company a "buy" rating in a research report on Friday, July 24th. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Citigroup raised their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Stifel Nicolaus increased their price target 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. Finally, Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $205.89.
Check Out Our Latest Analysis on PM
Philip Morris International Company Profile
(
Free Report)
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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