Pure Financial Advisors LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,842 shares of the company's stock, valued at approximately $2,504,000.
Other institutional investors have also made changes to their positions in the company. Payne Capital Management LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $585,000. Transamerica Financial Advisors LLC bought a new stake in Philip Morris International during the second quarter valued at $1,465,000. Corient Private Wealth LP acquired a new stake in shares of Philip Morris International during the second quarter worth $103,392,000. Perennial Investment Advisors LLC bought a new position in shares of Philip Morris International in the 2nd quarter worth about $505,000. Finally, Permanens Capital L.P. bought a new position in shares of Philip Morris International in the 2nd quarter worth about $331,000. 78.63% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Morgan Stanley lifted 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 upped their target price on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a report on Monday, August 17th. Finally, Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.89.
View Our Latest Stock Report on Philip Morris International
Philip Morris International Stock Up 0.0%
PM stock opened at $193.94 on Thursday. The company has a 50-day simple moving average of $186.71 and a 200 day simple moving average of $178.64. The company has a market capitalization of $302.28 billion, a P/E ratio of 27.86, a PEG ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76.
Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company posted $1.89 EPS. 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. Equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.
Philip Morris International Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.0%. Philip Morris International's dividend payout ratio (DPR) is 84.48%.
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.
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