EFG International AG Buys Shares of 9,515 Philip Morris International Inc. $PM

Key Points

• EFG International AG initiated a position in Philip Morris International, purchasing 9,515 shares valued at approximately $1.72 million. Institutional investors collectively own 78.63% of PM’s outstanding stock.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $205.89.
• 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 $1.47 quarterly dividend, yielding about 3.0% annually.

EFG International AG bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,515 shares of the company's stock, valued at approximately $1,721,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC acquired a new position in Philip Morris International during the second quarter valued at approximately $1,123,000. Delos Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 2nd quarter valued at $64,000. Primecap Management Co. CA bought a new position in shares of Philip Morris International in the 2nd quarter valued at $149,070,000. Palisade Capital Management LP bought a new position in shares of Philip Morris International in the 2nd quarter valued at $2,130,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Philip Morris International during the 2nd quarter worth $266,603,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PM. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. UBS Group boosted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Morgan Stanley increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Finally, Citigroup lifted their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Stock Performance

Shares of PM opened at $193.94 on Thursday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The stock has a market capitalization of $302.28 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.34 and a beta of 0.38. The stock has a fifty day moving average of $186.71 and a 200-day moving average of $178.64.

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 for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company posted $1.89 EPS. Philip Morris International's quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, June 25th. Philip Morris International's payout ratio is 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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