6,918 Shares in Philip Morris International Inc. $PM Acquired by TRB Wealth Management LLC

Key Points

• TRB Wealth Management acquired 6,918 shares of Philip Morris International during the second quarter, valued at approximately $1.25 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20, beating estimates of $2.05, while revenue rose 10.4% year over year to $11.19 billion. The company pays an annualized dividend of $5.88 per share, yielding about 3.1%.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds; the consensus rating is “Moderate Buy” and the average price target is $205.89, versus a recent share price of $188.14.

TRB Wealth Management LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,918 shares of the company's stock, valued at approximately $1,252,000.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Philip Morris International by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock worth $2,111,198,000 after purchasing an additional 2,755,662 shares during the last quarter. Global Retirement Partners LLC grew its position in Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company's stock worth $10,775,000 after purchasing an additional 19,309 shares during the period. New York Life Investment Management LLC raised its stake in Philip Morris International by 3.6% during the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company's stock valued at $34,745,000 after buying an additional 7,600 shares during the last quarter. Addison Capital Co raised its stake in Philip Morris International by 32.5% during the 1st quarter. Addison Capital Co now owns 31,779 shares of the company's stock valued at $5,254,000 after buying an additional 7,793 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the 4th 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 period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.8%

NYSE PM opened at $188.14 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company has a market capitalization of $293.24 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The stock's 50-day moving average price is $186.03 and its 200-day moving average price is $178.36.

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, beating analysts' consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International's dividend payout ratio is presently 84.48%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PM shares. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday. Needham & Company LLC upped their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Stifel Nicolaus increased their target price on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Citigroup raised their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Barclays boosted their price target on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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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