Prosperitas Financial LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,745 shares of the company's stock, valued at approximately $5,562,000. Philip Morris International makes up approximately 1.8% of Prosperitas Financial LLC's investment portfolio, making the stock its 17th largest holding.
Several other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in Philip Morris International by 30.9% during the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock worth $2,111,198,000 after buying an additional 2,755,662 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company's stock worth $10,775,000 after acquiring an additional 19,309 shares during the period. Perennial Investment Advisors LLC bought a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $505,000. New York Life Investment Management LLC increased its position in shares of Philip Morris International by 3.6% during the fourth quarter. New York Life Investment Management LLC now owns 216,613 shares of the company's stock valued at $34,745,000 after purchasing an additional 7,600 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.
Philip Morris International Price Performance
PM stock opened at $192.02 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 capitalization of $299.28 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38. The company has a 50 day moving average price of $187.21 and a 200 day moving average price of $178.79.
Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter last year, the business earned $1.89 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International's payout ratio is presently 84.48%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on PM shares. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Morgan Stanley raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a "buy" rating in a research report on Friday, July 24th. Bank of America reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, UBS Group lifted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average price target of $205.89.
Get Our Latest Stock Report on Philip Morris International
Philip Morris International Profile
(
Free Report)
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.
See Also
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).
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