BlackRock Inc. Increases Stake in Philip Morris International Inc. $PM

Key Points

• BlackRock increased its Philip Morris stake by 0.4%, adding 444,449 shares to own 108.04 million shares, or 6.93% of the company valued at approximately $19.55 billion. Institutional investors collectively hold 78.63% of PM.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds, a consensus “Moderate Buy” rating, and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with $2.20 in EPS and $11.19 billion in revenue, up 10.4% year over year. The company also pays a quarterly dividend of $1.47, representing a 3.1% annualized yield.

BlackRock Inc. raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,039,522 shares of the company's stock after purchasing an additional 444,449 shares during the quarter. BlackRock Inc. owned 6.93% of Philip Morris International worth $19,545,430,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the period. Sivia Capital Partners LLC grew its stake in Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after acquiring an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new position in Philip Morris International in the 2nd quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. increased its position in shares of Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock worth $65,000 after acquiring an additional 342 shares during the period. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group raised their price target on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a "buy" rating in a report on Friday, July 24th. Needham & Company LLC upped their price objective 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. Finally, Morgan Stanley increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Price Performance

Shares of PM stock opened at $187.77 on Wednesday. The stock's fifty day moving average price is $185.60 and its 200 day moving average price is $178.12. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The company has a market cap of $292.66 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. The company 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 for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International's dividend payout ratio is currently 84.48%.

Philip Morris International Company 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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