Czech National Bank Boosts Stock Position in Philip Morris International Inc. $PM

Key Points

• Czech National Bank increased its Philip Morris International stake by 4.6% in the second quarter, adding 19,671 shares and bringing its holdings to 443,626 shares valued at approximately $80.3 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported better-than-expected quarterly results, with EPS of $2.20 versus a $2.05 consensus and revenue of $11.19 billion, up 10.4% year over year. Shares recently traded at $187.95, while the company maintains quarterly guidance of $2.20–$2.25 EPS.
• The company pays a quarterly dividend of $1.47 per share, equivalent to an annualized $5.88 dividend and a 3.1% yield. Analysts remain bullish, with 10 Buy ratings, two Holds, and a consensus price target of $205.89.

Czech National Bank lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,626 shares of the company's stock after buying an additional 19,671 shares during the quarter. Czech National Bank's holdings in Philip Morris International were worth $80,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital International Investors increased its holdings in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors lifted its holdings in 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 in the last quarter. Capital World Investors lifted its holdings in Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Philip Morris International by 36.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock valued at $1,491,898,000 after purchasing an additional 2,475,204 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Philip Morris International by 12.0% during the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company's stock worth $2,848,919,000 after purchasing an additional 1,847,421 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 0.5%

Shares of NYSE PM opened at $187.95 on Friday. The stock has a market cap of $292.95 billion, a PE ratio of 27.00, a P/E/G ratio of 2.28 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 company has a 50-day moving average of $183.77 and a 200 day moving average of $177.33.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is presently 84.48%.

Analysts Set New Price Targets

Several research analysts recently weighed in on PM shares. Needham & Company LLC upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Bank of America reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. Barclays raised their target price on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Philip Morris International has an average 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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