26,563 Shares in Philip Morris International Inc. $PM Bought by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management initiated a 26,563-share position in Philip Morris International valued at approximately $4.8 million. Institutional investors 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 also pays a quarterly dividend of $1.47, representing a 3.1% annualized yield.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $205.89, above its recent $192.02 price.

Kingsview Wealth Management LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 26,563 shares of the company's stock, valued at approximately $4,806,000.

Several other institutional investors have also recently bought and sold shares of PM. GQG Partners LLC bought a new stake in Philip Morris International during the second quarter valued at about $8,220,008,000. Bank of America Corp DE acquired a new stake in shares of Philip Morris International in the second quarter valued at about $3,075,267,000. Capital International Investors increased its stake in shares of 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 during the period. Capital Research Global Investors increased its stake in shares of Philip Morris International by 25.3% in 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 position in shares of Philip Morris International during the 2nd quarter worth about $1,316,151,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.8%

PM opened at $192.02 on Friday. The stock's 50 day simple moving average is $187.21 and its 200-day simple moving average is $178.79. The stock has a market cap of $299.28 billion, a PE ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion during 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 company's quarterly 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 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PM shares. Morgan Stanley increased their target price on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Stifel Nicolaus lifted 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. UBS Group upped their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International presently has an average 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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