Global Retirement Partners LLC Invests $12.58 Million in Philip Morris International Inc. $PM

Key Points

• Global Retirement Partners initiated a $12.58 million position in Philip Morris International, purchasing 69,525 shares during the second quarter. Institutional investors and hedge funds 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 pays a quarterly dividend of $1.47, representing a 3.2% annualized yield.

Global Retirement Partners LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,525 shares of the company's stock, valued at approximately $12,578,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International in the 2nd quarter worth about $29,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. lifted its position in 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 in the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Citigroup lifted their target price on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Needham & Company LLC increased their price target on 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 increased their price target on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Finally, Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Stock Down 3.0%

Philip Morris International stock opened at $184.76 on Tuesday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The company's 50 day moving average price is $185.41 and its two-hundred day moving average price is $178.06. The stock has a market cap of $287.97 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last released its 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. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.Philip Morris International's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

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

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