Cumberland Partners Ltd Acquires 10,380 Shares of Philip Morris International Inc. $PM

Key Points

• Cumberland Partners increased its Philip Morris International position by 32.9% in the second quarter, adding 10,380 shares to hold 41,960 shares valued at approximately $7.6 million.
• Philip Morris reported quarterly earnings of $2.20 per share and revenue of $11.19 billion, beating analyst estimates, while revenue rose 10.4% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $205.89. Philip Morris also pays a quarterly dividend of $1.47 per share, representing a 3.2% yield.

Cumberland Partners Ltd boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 32.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,960 shares of the company's stock after purchasing an additional 10,380 shares during the quarter. Cumberland Partners Ltd's holdings in Philip Morris International were worth $7,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Capital International Investors lifted its position in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Capital Research Global Investors raised its holdings in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock valued at $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Capital World Investors boosted its position in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company's stock valued at $2,848,919,000 after buying an additional 1,847,421 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock valued at $23,300,088,000 after buying an additional 1,793,949 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 3.0%

Shares of Philip Morris International stock opened at $184.76 on Tuesday. The company has a market cap of $287.97 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The business has a 50 day moving average price of $185.41 and a 200-day moving average price of $178.06.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company'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. As a group, research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given 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 dividend yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is currently 84.48%.

Wall Street Analyst Weigh In

PM has been the topic of several recent research reports. Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a "buy" rating in a report on Friday, July 24th. Citigroup boosted their price target 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. 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 report on Thursday, July 23rd. Finally, UBS Group raised their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.89.

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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