UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,412,478 Shares of Philip Morris International Inc. $PM

Key Points

• UBS Asset Management increased its Philip Morris International position by 25.3% in the second quarter, purchasing 1.41 million shares and bringing its holdings to nearly 6.99 million shares, worth approximately $1.26 billion.
• Philip Morris reported stronger-than-expected quarterly results, with $2.20 earnings per share and $11.19 billion in revenue; revenue rose 10.4% year over year. Management issued third-quarter EPS guidance of $2.20–$2.25.
• The stock offers a quarterly dividend of $1.47 per share, or $5.88 annually and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $205.89.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 25.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,989,904 shares of the company's stock after buying an additional 1,412,478 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.45% of Philip Morris International worth $1,264,544,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New Mexico Educational Retirement Board raised its position in shares of Philip Morris International by 13.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 77,411 shares of the company's stock valued at $14,004,000 after buying an additional 8,900 shares in the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Philip Morris International by 9.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 46,942 shares of the company's stock worth $8,492,000 after acquiring an additional 3,877 shares during the period. Nissay Asset Management Corp Japan boosted its position in shares of Philip Morris International by 4.1% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 212,945 shares of the company's stock worth $38,524,000 after acquiring an additional 8,482 shares in the last quarter. Navellier & Associates Inc. boosted its position in shares of Philip Morris International by 33.3% during the 2nd quarter. Navellier & Associates Inc. now owns 5,350 shares of the company's stock worth $968,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Tandem Capital Management Corp ADV increased its stake in Philip Morris International by 2.5% in the second quarter. Tandem Capital Management Corp ADV now owns 6,951 shares of the company's stock valued at $1,258,000 after acquiring an additional 172 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

PM stock opened at $192.02 on Friday. The stock has a market cap of $299.28 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.32 and a beta of 0.38. The company has a 50 day simple moving average of $187.21 and a 200 day simple moving average of $178.79. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year 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 for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed 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 was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International's payout ratio is currently 84.48%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Needham & Company LLC lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Citigroup lifted their price target 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. Bank of America restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, UBS Group raised their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Company 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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