Alta Advisers Ltd Takes Position in Philip Morris International Inc. $PM

Key Points

• Alta Advisers initiated a position in Philip Morris International, purchasing 5,987 shares valued at approximately $1.08 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported strong quarterly results, with EPS of $2.20 beating estimates and revenue rising 10.4% year over year to $11.19 billion. The company issued third-quarter 2026 EPS guidance of $2.20–$2.25.
• Analysts remain positive, with a “Moderate Buy” consensus rating and an average price target of $205.89 versus the stock’s reported $188.14 price. Philip Morris also offers a $1.47 quarterly dividend, yielding approximately 3.1% annually.

Alta Advisers Ltd bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,987 shares of the company's stock, valued at approximately $1,083,000.

Several other institutional investors have also recently added to or reduced their stakes in PM. Vanguard Group Inc. boosted its holdings in shares of Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock valued at $23,300,088,000 after buying an additional 1,793,949 shares in the last quarter. Capital World Investors raised its stake in Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. BlackRock Inc. raised its stake in Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock worth $19,545,430,000 after acquiring an additional 444,449 shares in the last quarter. Capital International Investors lifted its position in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock opened at $188.14 on Friday. The company has a market cap of $293.24 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The company has a fifty day moving average price of $186.03 and a 200 day moving average price of $178.36. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business posted $1.89 earnings per share. Philip Morris International's quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Needham & Company LLC upped their price objective 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. Citigroup lifted their target price 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. Barclays boosted 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. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Ten investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Company 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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