Alyeska Investment Group L.P. Has $225.84 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Alyeska Investment Group increased its Philip Morris stake by 11.1% in the second quarter, acquiring 124,712 additional shares for a total holding worth approximately $225.84 million.
• Analyst sentiment remains favorable, with 10 Buy ratings and two Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $205.89.
• Philip Morris beat quarterly expectations with $2.20 in earnings per share and $11.19 billion in revenue, while revenue rose 10.4% year over year. The company also pays a quarterly dividend of $1.47, equivalent to a 3.1% annual yield.

Alyeska Investment Group L.P. grew its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,248,345 shares of the company's stock after acquiring an additional 124,712 shares during the quarter. Alyeska Investment Group L.P. owned about 0.08% of Philip Morris International worth $225,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PM. AG Campbell Advisory LLC acquired a new position in Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. increased its holdings in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock valued at $29,000 after buying an additional 104 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International in the 2nd quarter valued at about $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at approximately $29,000. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. 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. Morgan Stanley lifted their price target 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. Finally, BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Price Performance

Philip Morris International stock opened at $192.02 on Friday. The business has a 50 day moving average of $187.21 and a 200-day moving average of $178.79. The company has a market capitalization 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 1 year low of $142.11 and a 1 year high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last posted its 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. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm 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 firm posted $1.89 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. 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 presently 84.48%.

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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