5,474 Shares in Philip Morris International Inc. $PM Bought by West Family Investments Inc.

Key Points

• West Family Investments purchased 5,474 shares of Philip Morris International worth approximately $990,000 during the second quarter. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20, exceeding estimates of $2.05, while revenue rose 10.4% year over year to $11.19 billion. The stock opened at $190.02, with a 52-week range of $142.11 to $207.76.
• Philip Morris declared a quarterly dividend of $1.47, equivalent to an annualized $5.88 payout and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $205.89.

West Family Investments Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during 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 5,474 shares of the company's stock, valued at approximately $990,000.

A number of other hedge funds also recently bought and sold shares of PM. Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock valued at $1,027,000 after purchasing an additional 1,970 shares during the period. Jump Financial LLC bought a new position in shares of Philip Morris International in the second quarter worth approximately $2,454,000. Finally, Osterweis Capital Management Inc. grew its holdings in shares of Philip Morris International by 2,280.0% in the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock worth $65,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $190.02 on Thursday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock's 50 day simple moving average is $185.74 and its two-hundred day simple moving average is $178.21. The stock has a market cap of $296.16 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last announced its 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 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 company earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company 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. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's dividend payout ratio is presently 84.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. 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. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Morgan Stanley lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Barclays boosted 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 report on Wednesday, July 29th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Monday. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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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