Trajan Wealth LLC Buys New Position in Philip Morris International Inc. $PM

Key Points

• Trajan Wealth LLC initiated a sizable Philip Morris position, buying 194,058 shares valued at approximately $35.1 million. PM now represents about 1.3% of the firm’s portfolio, while institutional investors collectively own 78.63% of the stock.
• Analysts remain broadly bullish, with 10 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $205.89.
• Philip Morris reported strong quarterly results, with revenue up 10.4% year over year to $11.19 billion and EPS of $2.20 beating estimates. The company also pays a $1.47 quarterly dividend, equivalent to a 3.1% yield.

Trajan Wealth LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 194,058 shares of the company's stock, valued at approximately $35,107,000. Philip Morris International makes up about 1.3% of Trajan Wealth LLC's investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. grew its stake in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International in the 2nd quarter valued at $29,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Philip Morris International in the 4th quarter valued at $29,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on PM shares. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Barclays upped their target price on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Citigroup increased their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Needham & Company LLC raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Ten 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 an average rating of "Moderate Buy" and a consensus price target of $205.89.

Philip Morris International Price Performance

Philip Morris International stock opened at $191.48 on Tuesday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The company has a market cap of $298.44 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The stock's 50-day moving average is $186.22 and its 200-day moving average is $178.46.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating 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 business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The business'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. Research 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. Shareholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International's payout ratio is currently 84.48%.

Philip Morris International News Summary

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: The FDA granted Marketing Granted Orders for 11 ZYN ULTRA nicotine pouch products in the United States, including all 9mg variants and one 11mg variant. The authorization broadens PM’s smoke-free portfolio, supports regulatory certainty for ZYN, and reinforces the company’s long-term shift away from combustible tobacco. Philip Morris' ZYN ULTRA FDA Authorization Strengthens Smoke-Free Push
• Positive Sentiment: Recent second-quarter results provided additional support for the stock: revenue increased 10.4% year over year to $11.19 billion, while adjusted earnings of $2.20 per share exceeded the $2.05 consensus estimate. The company also issued third-quarter earnings guidance of $2.20 to $2.25 per share. Should Strong Q2 Results And New FDA-Authorized ZYN ULTRA Pouches Require Action From Philip Morris Investors?
• Neutral Sentiment: PM and Altria Group NYSE: MO entered reciprocal contract manufacturing agreements intended to improve manufacturing efficiency and operational flexibility. PM’s non-U.S. affiliates will manufacture certain combustible cigarettes for Philip Morris USA, while the arrangements also provide reciprocal production capabilities. First shipments are expected in 2027, and the companies said the agreements should not materially affect 2026 results, limiting the near-term earnings impact. Altria, Philip Morris International sign contract manufacturing deals

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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