Allworth Financial LP bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 154,005 shares of the company's stock, valued at approximately $27,861,000.
Several other institutional investors have also recently added to or reduced their stakes in PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International in the second quarter valued at approximately $29,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $26,000. Vermillion Wealth Management Inc. boosted its holdings 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 buying an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $29,000. 78.63% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Stifel Nicolaus raised 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 note on Thursday, July 23rd. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, 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 report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.89.
Read Our Latest Stock Analysis on PM
Philip Morris International Stock Performance
NYSE PM opened at $191.85 on Friday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The stock has a market cap of $299.02 billion, a PE ratio of 27.56, a P/E/G ratio of 2.29 and a beta of 0.38. The firm has a 50-day moving average of $185.96 and a 200-day moving average of $178.30.
Philip Morris International (NYSE:PM - Get Free Report) last issued 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 analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period 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. As a group, analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.
Philip Morris International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid 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%.
Philip Morris International Company Profile
(
Free Report)
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.
See Also
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