TD Waterhouse Canada Inc. Boosts Stake in Philip Morris International Inc. $PM

Key Points

• TD Waterhouse Canada increased its Philip Morris stake by 72.2% in the second quarter, ending with 63,181 shares valued at approximately $11.23 million. Institutional investors collectively own 78.63% of PM’s outstanding stock.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $205.89 target price. Barclays and Morgan Stanley recently raised their price targets to $225 and $215, respectively.
• Philip Morris exceeded quarterly expectations, reporting $2.20 in adjusted EPS and $11.19 billion in revenue, up 10.4% year over year. The company also pays a quarterly dividend of $1.47 per share, equivalent to a 3.2% annualized yield.

TD Waterhouse Canada Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 72.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,181 shares of the company's stock after acquiring an additional 26,480 shares during the period. TD Waterhouse Canada Inc.'s holdings in Philip Morris International were worth $11,229,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. raised its holdings in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after purchasing an additional 104 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Philip Morris International during the second quarter worth about $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PM shares. Barclays upped their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Finally, Morgan Stanley raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $182.36 on Friday. The firm has a market cap of $284.23 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The stock has a 50-day simple moving average of $188.02 and a 200-day simple moving average of $178.82.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 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 analyst estimates 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 revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given 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 84.48%.

Philip Morris International 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.

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