7,448 Shares in Philip Morris International Inc. $PM Acquired by Heartland Bank & Trust Co

Key Points

• Heartland Bank & Trust Co. acquired 7,448 shares of Philip Morris International in the second quarter, valued at approximately $1.35 million. Institutional investors and hedge funds 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. Analysts project full-year EPS of $8.33.
• Philip Morris maintains a quarterly dividend of $1.47 per share, or $5.88 annually, yielding about 3.1%. Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $205.89.

Heartland Bank & Trust Co purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,448 shares of the company's stock, valued at approximately $1,347,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. increased its position in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Philip Morris International in the 2nd quarter worth about $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $29,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.8%

PM stock opened at $188.14 on Friday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The firm has a market cap of $293.24 billion, a P/E ratio of 27.03, a P/E/G ratio of 2.31 and a beta of 0.38. The company's 50-day moving average price is $186.03 and its two-hundred day moving average price is $178.36.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping 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 net margin of 11.06% and a negative return on equity of 163.41%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued 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 dividend yield of 3.1%. Philip Morris International's payout ratio is 84.48%.

Wall Street Analyst Weigh In

PM has been the topic of a number of analyst reports. UBS Group increased 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 report on Thursday, July 2nd. 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 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. Needham & Company LLC raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target 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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