Charles Schwab Trust Co Acquires 15,704 Shares of Philip Morris International Inc. $PM

Key Points

• Charles Schwab Trust Co increased its Philip Morris International stake by 636.8% in the second quarter, purchasing 15,704 additional shares for a total holding of 18,170 shares valued at $3.29 million.
• Philip Morris reported quarterly results above expectations, with EPS of $2.20 and revenue of $11.19 billion, representing 10.4% year-over-year revenue growth. The company issued third-quarter EPS guidance of $2.20–$2.25.
• Philip Morris pays a quarterly dividend of $1.47, equivalent to a 3.2% annualized yield. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $205.89 versus the reported share price of $185.10.

Charles Schwab Trust Co boosted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 636.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,170 shares of the company's stock after purchasing an additional 15,704 shares during the period. Charles Schwab Trust Co's holdings in Philip Morris International were worth $3,287,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PM. Resurgent Financial Advisors LLC grew its position in shares of Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock valued at $244,000 after buying an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC raised its position in shares of Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock worth $2,942,000 after acquiring an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC lifted its stake in shares of Philip Morris International by 4.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock worth $212,000 after acquiring an additional 58 shares during the period. Aristotle Capital Management LLC lifted its stake in shares of Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock worth $222,000 after acquiring an additional 58 shares during the period. Finally, Tranquility Partners LLC boosted its holdings in Philip Morris International by 2.4% in the fourth quarter. Tranquility Partners LLC now owns 2,489 shares of the company's stock valued at $399,000 after acquiring an additional 59 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Down 2.4%

Philip Morris International stock opened at $185.10 on Tuesday. The company has a market capitalization of $288.50 billion, a PE ratio of 26.59, a PEG ratio of 2.29 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm's fifty day moving average is $184.26 and its 200 day moving average is $177.57.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly 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. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same period last year, the company posted $1.89 earnings per share. The business'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. Sell-side analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. 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%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a "buy" rating in a research report on Friday, July 24th. Citigroup upped their price objective 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. Bank of America reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC lifted 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. Finally, Stifel Nicolaus boosted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus 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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