Philip Morris International Inc. $PM Shares Bought by Crew Capital Management Ltd

Key Points

• Crew Capital Management increased its Philip Morris International stake by 287.2% in the second quarter, owning 7,503 shares valued at approximately $1.36 million. Institutional investors collectively hold 78.63% of the company.
• Analysts remain broadly optimistic, with 10 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with $2.20 in earnings per share and $11.19 billion in revenue, while maintaining a quarterly dividend of $1.47, or $5.88 annually, yielding about 3.1%.

Crew Capital Management Ltd grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 287.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,503 shares of the company's stock after acquiring an additional 5,565 shares during the period. Crew Capital Management Ltd's holdings in Philip Morris International were worth $1,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the 4th quarter worth $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in Philip Morris International in the fourth quarter valued at about $26,000. Richards Merrill & Peterson Inc. purchased a new position in Philip Morris International in the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. lifted its stake in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Bank of America restated a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, UBS Group lifted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Price Performance

NYSE PM opened at $190.40 on Friday. The company has a market capitalization of $296.76 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The company's fifty day moving average price is $185.23 and its two-hundred day moving average price is $178.00.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous 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, analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid 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%.

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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