Raiffeisen Bank International AG Sells 5,808 Shares of Philip Morris International Inc. $PM

Key Points

• Raiffeisen Bank International AG cut its Philip Morris International stake by 93.8% in the second quarter, selling 5,808 shares and retaining 385 shares valued at approximately $70,000.
• Institutional ownership remains high at 78.63%, with several major investors—including Capital World Investors, Capital International Investors and BlackRock—adding to their positions.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $205.89. Philip Morris also exceeded quarterly earnings and revenue expectations and pays a $5.88 annualized dividend, yielding about 3.2%.

Raiffeisen Bank International AG lowered its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 93.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 385 shares of the company's stock after selling 5,808 shares during the period. Raiffeisen Bank International AG's holdings in Philip Morris International were worth $70,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Capital World Investors boosted its holdings in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after buying an additional 3,579,399 shares during the last quarter. BlackRock Inc. increased its holdings in Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company's stock worth $19,545,430,000 after buying an additional 444,449 shares during the last quarter. Capital International Investors raised its position in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Capital Research Global Investors raised its position in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Finally, GQG Partners LLC purchased a new position in Philip Morris International in the second quarter valued at about $8,220,008,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Needham & Company LLC lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Citigroup upped their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note 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, Barclays raised their target price on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Trading Down 0.1%

PM opened at $182.36 on Monday. The company has a 50 day moving average of $188.02 and a 200 day moving average of $178.76. The company has a market cap of $284.23 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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