New Mexico Educational Retirement Board Purchases 8,900 Shares of Philip Morris International Inc. $PM

Key Points

• New Mexico Educational Retirement Board increased its Philip Morris International stake by 13% in the second quarter, purchasing 8,900 shares and bringing its holdings to 77,411 shares valued at approximately $14 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly earnings of $2.20 per share and revenue of $11.19 billion, exceeding analyst expectations, while revenue rose 10.4% year over year. Analysts project full-year EPS of $8.33, and the company issued third-quarter EPS guidance of $2.20–$2.25.
• The company paid a quarterly dividend of $1.47, equal to an annualized $5.88 and a 3.1% yield. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $205.89.

New Mexico Educational Retirement Board raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,411 shares of the company's stock after buying an additional 8,900 shares during the quarter. New Mexico Educational Retirement Board's holdings in Philip Morris International were worth $14,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings 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 purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the period. Sivia Capital Partners LLC grew its position in Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company's stock worth $1,027,000 after buying an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new position in Philip Morris International during the 2nd quarter worth $2,454,000. Finally, Osterweis Capital Management Inc. raised its holdings in Philip Morris International by 2,280.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock valued at $65,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM opened at $192.02 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The stock has a market capitalization of $299.28 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.30 and a beta of 0.38. The stock has a fifty day moving average of $187.21 and a 200-day moving average of $178.79.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. The business had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is 84.48%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PM. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Barclays upped their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Morgan Stanley lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $205.89.

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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