Philip Morris International Inc. $PM Shares Bought by Finivi Inc.

Key Points

• Finivi Inc. increased its Philip Morris International stake by 67.2% in the second quarter, owning 15,022 shares valued at approximately $2.72 million. Institutional investors collectively hold 78.63% of PM’s outstanding stock.
• Philip Morris reported quarterly earnings of $2.20 per share, beating estimates of $2.05, while revenue rose 10.4% year over year to $11.19 billion. The company issued third-quarter EPS guidance of $2.20–$2.25.
• PM maintains a quarterly dividend of $1.47, equivalent to an annualized $5.88 payout and a 3.1% yield. Analysts remain generally positive, with a “Moderate Buy” consensus and an average price target of $205.89.

Finivi Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 67.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,022 shares of the company's stock after purchasing an additional 6,037 shares during the period. Philip Morris International makes up 1.4% of Finivi Inc.'s portfolio, making the stock its 24th biggest holding. Finivi Inc.'s holdings in Philip Morris International were worth $2,718,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PM. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the period. Sivia Capital Partners LLC raised its position in shares of 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 purchasing an additional 1,970 shares during the period. Jump Financial LLC purchased a new stake in shares of Philip Morris International during the second quarter valued at $2,454,000. Finally, Osterweis Capital Management Inc. lifted its holdings in shares of Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company's stock valued at $65,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 0.0%

Shares of NYSE PM opened at $189.65 on Monday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The business has a 50-day moving average price of $184.01 and a two-hundred day moving average price of $177.44. The firm has a market capitalization of $295.58 billion, a PE ratio of 27.25, a PEG ratio of 2.29 and a beta of 0.38.

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 for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International's dividend payout ratio is presently 84.48%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PM shares. 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 research note on Thursday, July 23rd. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group raised their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday, May 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock 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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