First Nebraska Trust Co Invests $3.19 Million in Philip Morris International Inc. $PM

Key Points

• First Nebraska Trust Co. acquired 17,620 Philip Morris shares during the second quarter, worth approximately $3.19 million. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds; the consensus rating is “Moderate Buy” with a price target of $205.89.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in EPS and $11.19 billion in revenue, while revenue increased 10.4% year over year. The company also maintains a $1.47 quarterly dividend, equating to a 3.1% annualized yield.

First Nebraska Trust Co bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,620 shares of the company's stock, valued at approximately $3,188,000.

Other hedge funds have also recently bought and sold shares of the company. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the fourth quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth $26,000. Vermillion Wealth Management Inc. raised its stake in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International in the 2nd quarter valued at $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of 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. Barclays raised their price objective 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. Stifel Nicolaus boosted their price objective 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. Citigroup upped their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Trading Down 1.8%

NYSE PM opened at $188.14 on Friday. The stock has a market cap of $293.24 billion, a P/E ratio of 27.03, a PEG ratio of 2.27 and a beta of 0.38. The company's fifty day simple moving average is $186.03 and its 200-day simple moving average is $178.36. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the business earned $1.89 EPS. The business'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, research analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend 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.

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