Papamarkou Wellner Asset Management inc. Invests $4.46 Million in Philip Morris International Inc. $PM

Key Points

• Papamarkou Wellner Asset Management purchased 44,652 Philip Morris International shares worth approximately $4.46 million, making PM its seventh-largest holding and about 1% of its portfolio. Institutional investors collectively own 78.63% of the stock.
• Philip Morris reported quarterly EPS of $2.20 versus the $2.05 consensus estimate, while revenue rose 10.4% year over year to $11.19 billion. The company issued third-quarter 2026 EPS guidance of $2.20–$2.25.
• PM pays a quarterly dividend of $1.47, equivalent to a $5.88 annualized payout and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $205.89.

Papamarkou Wellner Asset Management inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,652 shares of the company's stock, valued at approximately $4,465,000. Philip Morris International accounts for approximately 1.0% of Papamarkou Wellner Asset Management inc.'s portfolio, making the stock its 7th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Dearborn Partners LLC purchased a new position in shares of Philip Morris International in the second quarter worth about $362,000. Yukon Wealth Management Inc. purchased a new stake in Philip Morris International during the 2nd quarter valued at about $469,000. Brooks Moore & Associates Inc. acquired a new stake in Philip Morris International in the 2nd quarter valued at about $1,076,000. WNY Asset Management LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $257,000. Finally, Hamilton Capital LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $392,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.8%

Shares of PM opened at $190.52 on Friday. The firm has a market cap of $296.94 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.34 and a beta of 0.38. The business's 50 day moving average is $186.94 and its two-hundred day moving average is $178.69. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business's 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. On average, equities analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend 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%.

Analysts Set New Price Targets

PM has been the topic of several research reports. Citigroup increased their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Bank of America restated a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Needham & Company LLC increased their price objective 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. Finally, BTIG Research set a $221.00 target price on Philip Morris International and gave the company a "buy" rating in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $205.89.

About Philip Morris International

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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