Blue Capital Inc. Buys Shares of 16,339 Philip Morris International Inc. $PM

Key Points

• Blue Capital Inc. initiated a position in Philip Morris International, purchasing 16,339 shares valued at approximately $2.96 million. The stock now represents 1.9% of the fund’s portfolio.
• Institutional ownership remains high at 78.63%, with several major investors increasing their stakes. Analysts are broadly bullish, with 10 Buy ratings, two Holds, and a consensus “Moderate Buy” rating.
• Philip Morris reported quarterly EPS of $2.20 and revenue of $11.19 billion, exceeding analyst estimates, while revenue rose 10.4% year over year. The company also declared a quarterly dividend of $1.47, equivalent to a 3.1% annualized yield.

Blue Capital Inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,339 shares of the company's stock, valued at approximately $2,956,000. Philip Morris International comprises 1.9% of Blue Capital Inc.'s portfolio, making the stock its 11th largest holding.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock worth $2,111,198,000 after purchasing an additional 2,755,662 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company's stock valued at $10,775,000 after buying an additional 19,309 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company's stock valued at $34,745,000 after buying an additional 7,600 shares during the last quarter. Addison Capital Co boosted its position in Philip Morris International by 32.5% during the first quarter. Addison Capital Co now owns 31,779 shares of the company's stock worth $5,254,000 after acquiring an additional 7,793 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the subject of several analyst reports. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a "buy" rating in a research report on Friday, July 24th. Bank of America reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Barclays raised their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Stock Performance

Philip Morris International stock opened at $188.14 on Friday. The stock's 50 day moving average price is $186.03 and its 200 day moving average price is $178.36. The firm has a market capitalization of $293.24 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors 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 annualized dividend and a yield of 3.1%. Philip Morris International's dividend payout ratio 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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