Argent Trust Co Boosts Stock Position in Philip Morris International Inc. $PM

Key Points

• Argent Trust Co. increased its Philip Morris International stake by 19.9% in the second quarter, bringing its holdings to 80,494 shares valued at approximately $14.6 million. Institutional investors collectively own 78.63% of PM’s outstanding stock.
• Analysts remain broadly positive, with ten firms rating PM a Buy and two rating it Hold. The stock has a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris reported quarterly earnings of $2.20 per share, exceeding estimates, while revenue rose 10.4% year over year to $11.19 billion. The company also pays a quarterly dividend of $1.47 per share, equivalent to a 3.2% annual yield.

Argent Trust Co raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 19.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,494 shares of the company's stock after purchasing an additional 13,338 shares during the quarter. Argent Trust Co's holdings in Philip Morris International were worth $14,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. AG Campbell Advisory LLC bought a new stake in Philip Morris International during the fourth quarter worth about $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth approximately $26,000. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International during the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. grew its stake 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 valued at $29,000 after acquiring an additional 104 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Philip Morris International in the second quarter worth $29,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PM shares. Needham & Company LLC boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. UBS Group lifted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday, May 20th. Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, Citigroup boosted their price target on 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Stock Down 3.0%

Philip Morris International stock opened at $184.76 on Tuesday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The firm has a market capitalization of $287.97 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.30 and a beta of 0.38. The company has a fifty day simple moving average of $185.41 and a 200-day simple moving average of $178.06.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $10.60 billion. During the same period last year, the firm posted $1.89 earnings per share. The company's revenue for the quarter 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, research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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 dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is 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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