First Eagle Investment Management LLC Buys 33,010 Shares of Philip Morris International Inc. $PM

Key Points

• First Eagle Investment Management increased its Philip Morris International stake by 33,010 shares, bringing its holdings to 5.93 million shares valued at approximately $1.07 billion. Institutional investors collectively own 78.63% of the company.
• Wall Street remains bullish, with 10 analysts rating PM a Buy and two assigning a Hold rating. The stock has a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris reported quarterly EPS of $2.20, exceeding estimates, while revenue rose 10.4% year over year to $11.19 billion. The company also pays a quarterly dividend of $1.47, equivalent to a 3.2% annual yield.

First Eagle Investment Management LLC boosted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,925,468 shares of the company's stock after purchasing an additional 33,010 shares during the period. First Eagle Investment Management LLC owned about 0.38% of Philip Morris International worth $1,071,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after purchasing an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Philip Morris International in the second quarter valued at approximately $2,454,000. Finally, Osterweis Capital Management Inc. raised its position in shares of Philip Morris International by 2,280.0% in the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock valued at $65,000 after purchasing an additional 342 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PM shares. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a "buy" rating in a report on Friday, July 24th. UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Barclays lifted their price target 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. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Trading Down 0.1%

Shares of NYSE:PM opened at $182.36 on Monday. The company has a 50 day moving average of $188.02 and a 200 day moving average of $178.76. The stock has a market cap of $284.23 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

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, topping analysts' consensus estimates 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 business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International'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. On average, equities analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is 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.

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