Jupiter Topco LLC Purchases New Stake in Philip Morris International Inc. $PM

Key Points

• Jupiter Topco LLC acquired 4.02 million Philip Morris shares worth approximately $726.5 million, representing about 0.26% of the company. Institutional investors and hedge funds collectively own 78.63% of PM.
• Philip Morris reported stronger-than-expected quarterly results, with EPS of $2.20 versus the $2.05 consensus and revenue of $11.19 billion, up 10.4% year over year. The company also pays a $1.47 quarterly dividend, yielding approximately 3.0% annually.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds, a “Moderate Buy” consensus, and an average price target of $205.89. Recent targets range as high as $225, supported by growth in smoke-free products such as ZYN and IQOS.

Jupiter Topco LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,015,688 shares of the company's stock, valued at approximately $726,464,000. Jupiter Topco LLC owned about 0.26% of Philip Morris International at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PM. Bank of New York Mellon Corp grew its position in shares of Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock valued at $2,111,198,000 after buying an additional 2,755,662 shares during the last quarter. Global Retirement Partners LLC raised its stake in Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company's stock worth $10,775,000 after acquiring an additional 19,309 shares during the period. New York Life Investment Management LLC lifted its holdings in Philip Morris International by 3.6% in the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company's stock worth $34,745,000 after acquiring an additional 7,600 shares during the last quarter. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Addison Capital Co boosted its stake in Philip Morris International by 32.5% in the first quarter. Addison Capital Co now owns 31,779 shares of the company's stock valued at $5,254,000 after acquiring an additional 7,793 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

PM opened at $194.00 on Wednesday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The stock has a market cap of $302.36 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.31 and a beta of 0.38. The stock's 50 day moving average price is $186.42 and its 200 day moving average price is $178.55.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm's quarterly 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. Equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, June 25th. Philip Morris International's payout ratio is currently 84.48%.

Analysts Set New Price Targets

PM has been the subject of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a report on Monday, August 17th. Needham & Company LLC raised their target price on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Bank of America reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. Morgan Stanley upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, Citigroup increased their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Trending Headlines about Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: FDA authorization strengthens ZYN growth prospects. The FDA authorized 11 ZYN ULTRA nicotine-pouch products, expanding PM’s U.S. smoke-free portfolio and supporting its longer-term shift away from combustible tobacco. Smoke-free products, led by ZYN and IQOS, now account for more than 41% of revenue, offering a potential multiyear growth runway. Philip Morris’ ZYN ULTRA FDA Authorization Strengthens Smoke-Free Push
• Positive Sentiment: Manufacturing agreements with Altria may improve efficiency. PM and Altria entered reciprocal contract-manufacturing arrangements involving cigarette production. The agreements should increase operational flexibility and manufacturing efficiency, with initial shipments expected in 2027. The partnership may provide longer-term cost and supply-chain benefits for PM, despite limited near-term earnings impact. Altria and Philip Morris International Sign Contract Manufacturing Deals
• Positive Sentiment: Pricing power and shareholder returns remain supportive. PM’s portfolio spans IQOS, ZYN, VEEV One, and Marlboro, helping it maintain premium pricing amid uncertain economic conditions. Analysts highlight strong free cash flow, lower debt leverage, and the possibility of another dividend increase in September. Philip Morris: Big Tobacco With High-Growth Smoke-Free Assets
• Neutral Sentiment: Near-term financial impact from the Altria deal is expected to be limited. Both companies said the manufacturing arrangements are not expected to materially affect 2026 results, so investors may need to wait until 2027 for measurable benefits. Altria vs. Philip Morris: What the New Manufacturing Deal Means for Investors
• Negative Sentiment: Valuation leaves less room for disappointment. PM’s smoke-free growth and defensive cash flows have attracted a premium valuation, creating downside risk if product adoption, regulatory momentum, or earnings growth falls short of expectations.

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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