Philip Morris International Inc. $PM Shares Purchased by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Philip Morris stake by 11.3% in the second quarter, acquiring 25,828 additional shares for a total holding valued at approximately $46 million. Institutional investors and hedge funds collectively own 78.63% of the company.
• Philip Morris reported strong quarterly results, with EPS of $2.20 exceeding the $2.05 estimate and revenue rising 10.4% year over year to $11.19 billion. The company guided for third-quarter EPS of $2.20–$2.25.
• The company maintains an annualized dividend of $5.88 per share, yielding about 3.2%, while analysts remain positive: 10 rate the stock Buy and two rate it Hold, with a consensus price target of $205.89.

NEOS Investment Management LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 254,266 shares of the company's stock after acquiring an additional 25,828 shares during the period. NEOS Investment Management LLC's holdings in Philip Morris International were worth $45,999,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GQG Partners LLC purchased a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $8,220,008,000. Bank of America Corp DE purchased a new stake in shares of Philip Morris International during the second quarter worth approximately $3,075,267,000. Capital International Investors lifted its holdings in shares of Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the period. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Finally, Legal & General Group Plc purchased a new position in Philip Morris International in the 2nd quarter valued at $1,316,151,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE:PM opened at $186.30 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The stock has a fifty day moving average price of $187.99 and a two-hundred day moving average price of $178.79. The stock has a market capitalization of $290.37 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.43 and a beta of 0.37.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the firm earned $1.89 EPS. 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, analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International's payout ratio is currently 84.48%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Barclays lifted 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. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Citigroup lifted their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Company Profile

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source