Ancora Advisors LLC Acquires Shares of 6,208 Philip Morris International Inc. $PM

Key Points

• Ancora Advisors acquired 6,208 shares of Philip Morris International in the second quarter, worth approximately $1.12 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20 versus the $2.05 consensus estimate, while revenue rose 10.4% year over year to $11.19 billion. The company also declared a quarterly dividend of $1.47 per share, representing a 3.1% annualized yield.
• Wall Street analysts remain positive, with a consensus rating of “Moderate Buy” and an average price target of $205.89; several firms recently raised their targets to between $215 and $225.

Ancora Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,208 shares of the company's stock, valued at approximately $1,123,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Capital World Investors grew its position in Philip Morris International by 2.8% in the 4th 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 during the last quarter. BlackRock Inc. lifted its position in shares of Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock worth $19,545,430,000 after purchasing an additional 444,449 shares during the last quarter. Capital International Investors boosted its stake in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors boosted its stake in shares of Philip Morris International by 25.3% during 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 purchasing an additional 11,013,173 shares during the period. Finally, GQG Partners LLC bought a new position in shares of Philip Morris International in the second quarter worth about $8,220,008,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock opened at $190.52 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The business has a 50-day moving average price of $186.94 and a 200 day moving average price of $178.69. The company has a market capitalization of $296.94 billion, a P/E ratio of 27.37, a PEG ratio of 2.34 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $10.60 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm'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. On average, analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is presently 84.48%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Needham & Company LLC upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Bank of America restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Citigroup lifted their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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