8,795 Shares in Philip Morris International Inc. $PM Bought by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group acquired 8,795 shares of Philip Morris International in the second quarter, valued at approximately $1.6 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly earnings of $2.20 per share, exceeding estimates of $2.05, while revenue rose 10.4% year over year to $11.19 billion.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $205.89. Philip Morris also offers an annualized dividend of $5.88 per share, yielding about 3.1%.

Jefferies Financial Group Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,795 shares of the company's stock, valued at approximately $1,591,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors grew its holdings in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. BlackRock Inc. grew its stake in Philip Morris International by 0.4% in the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock valued at $19,545,430,000 after purchasing an additional 444,449 shares during the period. Capital International Investors raised its stake in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors raised its stake in shares of Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Finally, GQG Partners LLC bought a new position in Philip Morris International during the second quarter valued at about $8,220,008,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.8%

PM opened at $192.02 on Friday. The company has a market cap of $299.28 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.32 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The business's 50-day moving average price is $187.21 and its 200-day moving average price is $178.79.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. The business 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 business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on PM. Needham & Company LLC boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Barclays lifted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley increased their price objective 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. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the company 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source