Deutsche Bank AG Buys 6,069 Shares of Philip Morris International Inc. $PM

Key Points

• Deutsche Bank increased its Philip Morris International stake by 0.2% in the second quarter, adding 6,069 shares for a total of 2.79 million shares valued at approximately $504.5 million. Institutional investors collectively own 78.63% of the company.
• Analysts maintain a favorable outlook, with ten Buy ratings and two Holds. Philip Morris has a consensus “Moderate Buy” rating and an average price target of $205.89, above its reported share price of $187.77.
• Philip Morris exceeded quarterly expectations with $2.20 in EPS and $11.19 billion in revenue, while revenue rose 10.4% year over year. The company also pays a quarterly dividend of $1.47, equivalent to a 3.1% yield.

Deutsche Bank AG raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,788,685 shares of the company's stock after purchasing an additional 6,069 shares during the quarter. Deutsche Bank AG owned 0.18% of Philip Morris International worth $504,501,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PM. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $29,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at about $26,000. Vermillion Wealth Management Inc. boosted its holdings in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after buying an additional 104 shares during the period. Finally, Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International during the fourth quarter worth approximately $28,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group boosted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Stifel Nicolaus boosted their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Barclays boosted their target price 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Price Performance

NYSE:PM opened at $187.77 on Wednesday. The firm's 50 day simple moving average is $185.60 and its 200 day simple moving average is $178.12. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The company has a market cap of $292.66 billion, a PE ratio of 26.98, a P/E/G ratio of 2.30 and a beta of 0.38.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International's 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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