27,068 Shares in Philip Morris International Inc. $PM Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,068 shares of the company's stock, valued at approximately $4,897,000.

Several other large investors have also added to or reduced their stakes in PM. Resurgent Financial Advisors LLC raised its holdings in shares of Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock worth $244,000 after purchasing an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock worth $2,942,000 after purchasing an additional 56 shares during the period. Outlook Wealth Advisors LLC grew its position in Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock worth $212,000 after purchasing an additional 58 shares during the period. Platt Wealth Management LLC raised its stake in shares of Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock valued at $512,000 after buying an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC lifted its holdings in shares of Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock valued at $222,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.0%

NYSE PM opened at $191.85 on Friday. The stock has a market capitalization of $299.02 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.29 and a beta of 0.38. The stock has a 50-day moving average of $185.96 and a 200 day moving average of $178.30. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.Philip Morris International's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors 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 dividend on an annualized basis and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is currently 84.48%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PM shares. Barclays upped their target price on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. 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 reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group lifted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Finally, 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 note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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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