Field & Main Bank Takes $1.18 Million Position in Philip Morris International Inc. $PM

Field & Main Bank bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,515 shares of the company's stock, valued at approximately $1,179,000.

Other institutional investors also recently modified their holdings of the company. AG Campbell Advisory LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in Philip Morris International during the fourth quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the fourth quarter worth $29,000. Vermillion Wealth Management Inc. boosted its holdings in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Philip Morris International in the second quarter worth $29,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PM shares. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Monday, August 17th. Citigroup increased 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 report on Thursday, July 30th. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. UBS Group lifted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. Finally, Morgan Stanley upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Price Performance

PM stock opened at $192.02 on Friday. The stock has a market capitalization of $299.28 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The business has a fifty day moving average price of $187.21 and a 200-day moving average price of $178.79.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate 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 company had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same period last year, the firm posted $1.89 earnings per share. Philip Morris International's 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, analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source