Ieq Capital LLC Purchases Shares of 163,197 Philip Morris International Inc. $PM

Key Points

• Ieq Capital purchased 163,197 shares of Philip Morris International during the second quarter, valued at approximately $29.5 million. Institutional investors now own 78.63% of the company.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds; Philip Morris has a consensus rating of “Moderate Buy” 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 maintaining a quarterly dividend of $1.47 per share, equivalent to a 3.1% annual yield.

Ieq Capital LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 163,197 shares of the company's stock, valued at approximately $29,524,000.

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

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Needham & Company LLC raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. UBS Group lifted their target price 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, Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Stock Down 1.8%

NYSE:PM opened at $188.14 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a market capitalization of $293.24 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.31 and a beta of 0.38. The stock's 50 day moving average price is $186.03 and its two-hundred day moving average price is $178.36.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities research analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend 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.

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