PCM Encore LLC Acquires Shares of 8,780 Philip Morris International Inc. $PM

Key Points

• PCM Encore LLC initiated a position in Philip Morris International by purchasing 8,780 shares valued at approximately $1.59 million. Institutional investors collectively own 78.63% of the company.
• Philip Morris reported quarterly EPS of $2.20, beating estimates by $0.15, 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.
• Philip Morris declared a quarterly dividend of $1.47 per share, equivalent to an annualized $5.88 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $205.89.

PCM Encore LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,780 shares of the company's stock, valued at approximately $1,588,000.

A number of other hedge funds have also bought and sold shares of PM. Vanguard Group Inc. boosted its stake in Philip Morris International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company's stock valued at $23,300,088,000 after acquiring an additional 1,793,949 shares during the last quarter. Capital World Investors grew its holdings in Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares during the period. BlackRock Inc. increased its position in Philip Morris International by 0.4% in the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock worth $19,545,430,000 after buying an additional 444,449 shares during the last quarter. Capital International Investors lifted its position in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company's stock valued at $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock opened at $191.85 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock has a market cap of $299.02 billion, a P/E ratio of 27.56, a PEG ratio of 2.29 and a beta of 0.38. The firm's fifty day moving average price is $185.96 and its 200-day moving average price is $178.30.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company earned $1.89 earnings per share. 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. Sell-side analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders 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 dividend 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 Analysts Forecast Growth

Several research firms have commented on PM. Barclays upped their price objective 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a research note on Monday. UBS Group increased their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 2nd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus raised their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note 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 stock presently has a consensus rating of "Moderate Buy" and an average price target 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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