Amundi Purchases 68,174 Shares of Philip Morris International Inc. $PM

Amundi lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,063,294 shares of the company's stock after purchasing an additional 68,174 shares during the period. Amundi owned about 0.07% of Philip Morris International worth $192,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors boosted its stake in shares of 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 during the last quarter. BlackRock Inc. grew its position in shares of Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock valued at $19,545,430,000 after acquiring an additional 444,449 shares during the period. Capital International Investors increased its stake in shares of Philip Morris International by 13.7% in 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 in the last quarter. Capital Research Global Investors increased its stake in shares of Philip Morris International by 25.3% in 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 in the last quarter. Finally, GQG Partners LLC bought a new position in Philip Morris International in the 2nd quarter worth $8,220,008,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.3%

Shares of NYSE:PM opened at $184.94 on Wednesday. The company has a market cap of $288.25 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The company has a 50-day moving average price of $188.09 and a 200 day moving average price of $178.76.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company 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. As a group, equities analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is presently 84.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PM shares. UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Barclays raised their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Stifel Nicolaus upped 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. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company's portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.

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