Nykredit A S Buys New Shares in Philip Morris International Inc. $PM

Key Points

• Nykredit A/S bought 121,802 shares of Philip Morris International during the second quarter, valued at approximately $22.0 million. Institutional investors and hedge funds own 78.63% of the company.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds; the stock has a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris exceeded quarterly earnings and revenue expectations, while revenue rose 10.4% year over year. The company also increased its quarterly dividend to $1.60, equivalent to a 3.4% annualized yield.

Nykredit A S bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 121,802 shares of the company's stock, valued at approximately $22,035,000.

Several other large investors have also recently bought and sold shares of the stock. Outlook Wealth Advisors LLC raised its stake in shares of Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock worth $212,000 after purchasing an additional 58 shares in the last quarter. Platt Wealth Management LLC grew its stake in shares of Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock valued at $512,000 after buying an additional 58 shares in the last quarter. Farmers National Bank grew its stake in shares of Philip Morris International by 1.1% in the fourth quarter. Farmers National Bank now owns 5,205 shares of the company's stock valued at $835,000 after buying an additional 59 shares in the last quarter. Heritage Trust Co increased its holdings in Philip Morris International by 2.4% during the fourth quarter. Heritage Trust Co now owns 2,554 shares of the company's stock worth $410,000 after buying an additional 60 shares during the last quarter. Finally, CFO4Life Group LLC increased its holdings in Philip Morris International by 1.5% during the fourth quarter. CFO4Life Group LLC now owns 4,212 shares of the company's stock worth $676,000 after buying an additional 61 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on PM. Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Citigroup boosted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Barclays upped their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Needham & Company LLC lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Trading Down 1.0%

Philip Morris International stock opened at $188.56 on Friday. The company has a market capitalization of $293.90 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.40 and a beta of 0.37. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The stock's 50 day moving average is $189.31 and its 200-day moving average is $179.06.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) 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 company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. Philip Morris International'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. As a group, equities research analysts predict that Philip Morris International Inc. will post 8.44 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be paid a $1.60 dividend. This is a positive change from Philip Morris International's previous quarterly dividend of $1.47. The ex-dividend date is Friday, October 2nd. This represents a $6.40 annualized dividend and a yield of 3.4%. Philip Morris International's dividend payout ratio is presently 84.48%.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company's portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.

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