7,297 Shares in Philip Morris International Inc. $PM Bought by Kimelman & Baird LLC

Key Points

• Kimelman & Baird LLC acquired 7,297 shares of Philip Morris International worth approximately $1.32 million during the second quarter. Institutional investors collectively own 78.63% of the company.
• Analysts remain bullish, with several firms raising price targets to between $205 and $225. The stock carries a “Moderate Buy” consensus rating and an average target price of $205.89.
• Philip Morris reported quarterly earnings of $2.20 per share and revenue of $11.19 billion, surpassing analyst estimates, while revenue grew 10.4% year over year. The company also pays an annualized dividend of $5.88 per share, yielding about 3.1%.

Kimelman & Baird 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 fund acquired 7,297 shares of the company's stock, valued at approximately $1,320,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of 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 buying an additional 2,755,662 shares during the period. Global Retirement Partners LLC grew its stake in Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company's stock valued at $10,775,000 after acquiring an additional 19,309 shares in the last quarter. Perennial Investment Advisors LLC purchased a new stake in shares of Philip Morris International in the second quarter worth about $505,000. New York Life Investment Management LLC raised its holdings in shares of 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 worth $34,745,000 after acquiring an additional 7,600 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in 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 purchasing an additional 2,023 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PM. Needham & Company LLC increased their price target on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 price target on Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Morgan Stanley increased their target price on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Barclays boosted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Trading Up 0.8%

Shares of NYSE PM opened at $192.02 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The stock has a market cap of $299.28 billion, a PE ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38. The company has a 50-day moving average of $187.21 and a 200 day moving average of $178.79.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given 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 dividend yield of 3.1%. Philip Morris International's dividend 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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