7,804 Shares in Philip Morris International Inc. $PM Purchased by Infrastructure Capital Advisors LLC

Key Points

• Infrastructure Capital Advisors acquired 7,804 shares of Philip Morris International during the second quarter, worth approximately $1.4 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported stronger-than-expected quarterly results, with adjusted earnings of $2.20 per share and revenue of $11.19 billion, up 10.4% year over year.
• The company pays a quarterly dividend of $1.47, equivalent to an annualized $5.88 and a 3.1% yield. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $205.89.

Infrastructure Capital Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,804 shares of the company's stock, valued at approximately $1,412,000.

Several other hedge funds also recently bought and sold shares of the stock. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. lifted its stake 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 purchasing an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International during the second quarter worth $29,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 0.0%

NYSE:PM opened at $188.14 on Monday. 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 PE ratio of 27.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The stock has a fifty day moving average price of $186.03 and a 200 day moving average price of $178.35.

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 the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for 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%.Philip Morris International's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is 84.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Barclays raised their target price on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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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