7,000 Shares in Philip Morris International Inc. $PM Acquired by Shah Wealth Advisors LLC

Key Points

• Shah Wealth Advisors LLC acquired 7,000 shares of Philip Morris International in the second quarter, valued at approximately $1.27 million. Other institutional investors also initiated positions, and institutions collectively own 78.63% of the company.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds. The stock has a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris reported quarterly EPS of $2.20, exceeding expectations, while revenue rose 10.4% year over year to $11.19 billion. The company pays a quarterly dividend of $1.47 per share, representing a 3.2% annualized yield.

Shah Wealth Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,000 shares of the company's stock, valued at approximately $1,266,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MW Advisory LLC purchased a new position in shares of Philip Morris International during the second quarter valued at $409,000. Tenet Wealth Partners LLC purchased a new stake in Philip Morris International in the second quarter worth about $374,000. Markowski Investments bought a new position in Philip Morris International during the 2nd quarter worth about $416,000. Old Mission Investment Co LLC bought a new position in Philip Morris International during the 2nd quarter worth about $345,000. Finally, Highland Investment Advisors LLC purchased a new position in Philip Morris International during the 2nd quarter valued at about $484,000. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PM shares. Citigroup increased their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Morgan Stanley boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. 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, Bank of America reiterated a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Stock Down 2.0%

Shares of NYSE PM opened at $182.36 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The business's 50 day moving average price is $188.02 and its 200 day moving average price is $178.82. The firm has a market cap of $284.23 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.40 and a beta of 0.37.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 business had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International's payout ratio is currently 84.48%.

Philip Morris International 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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