43,892 Shares in Philip Morris International Inc. $PM Acquired by Csenge Advisory Group

Key Points

• Csenge Advisory Group acquired 43,892 shares of Philip Morris International during the second quarter, valued at approximately $7.94 million. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly bullish: ten rate PM a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in EPS and $11.19 billion in revenue, up 10.4% year over year. The company also pays a quarterly dividend of $1.47 per share, yielding about 3.1% annually.

Csenge Advisory Group bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,892 shares of the company's stock, valued at approximately $7,941,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Philip Morris International by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock worth $23,300,088,000 after purchasing an additional 1,793,949 shares in the last quarter. Capital World Investors boosted its position in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. BlackRock Inc. grew its stake in Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock worth $19,545,430,000 after buying an additional 444,449 shares during the last quarter. Capital International Investors grew its stake in Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Philip Morris International by 25.3% during 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 buying an additional 11,013,173 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on PM shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Needham & Company LLC increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group lifted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note 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 stock a "buy" rating in a research report 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Stock Performance

Philip Morris International stock opened at $190.02 on Thursday. The business's 50-day simple moving average is $185.74 and its two-hundred day simple moving average is $178.21. The company has a market cap of $296.16 billion, a PE ratio of 27.30, a PEG ratio of 2.27 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week 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 the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same period last year, the business posted $1.89 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal 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. 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%.

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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