Annex Advisory Services LLC Buys 154,235 Shares of Philip Morris International Inc. $PM

Key Points

• Annex Advisory Services increased its Philip Morris International stake by 150.8% in the second quarter, purchasing 154,235 additional shares and bringing its holdings to 256,496 shares valued at approximately $46.4 million.
• Analysts maintain a positive outlook on PM, 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 $221.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in earnings per share and $11.19 billion in revenue, while paying a quarterly dividend of $1.47 per share, equivalent to a 3.2% annual yield.

Annex Advisory Services LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 150.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,496 shares of the company's stock after acquiring an additional 154,235 shares during the quarter. Annex Advisory Services LLC's holdings in Philip Morris International were worth $46,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AG Campbell Advisory LLC bought a new position in Philip Morris International during the fourth quarter worth about $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $26,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. increased its holdings in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the 4th quarter valued at $29,000. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PM. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Needham & Company LLC increased their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Morgan Stanley raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $186.25 on Wednesday. The stock has a market capitalization of $290.29 billion, a P/E ratio of 26.76, a PEG ratio of 2.25 and a beta of 0.38. The stock's fifty day moving average is $184.52 and its 200 day moving average is $177.69. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week 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 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is currently 84.48%.

Philip Morris International 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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