Vise Technologies Inc. Makes New Investment in Philip Morris International Inc. $PM

Key Points

• Vise Technologies opened a new Philip Morris International position in the second quarter, purchasing 144,193 shares valued at approximately $26.1 million. Institutional investors collectively own 78.63% of PM.
• Analysts remain broadly positive: 10 rate the stock Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris reported quarterly EPS of $2.20, beating estimates by $0.15, while revenue rose 10.4% year over year to $11.19 billion. The company also pays a quarterly dividend of $1.47 per share, representing a 3.1% annualized yield.

Vise Technologies Inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 144,193 shares of the company's stock, valued at approximately $26,086,000.

A number of other large investors also recently modified their holdings of PM. Resurgent Financial Advisors LLC increased its holdings in Philip Morris International by 3.7% in the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company's stock valued at $244,000 after buying an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company's stock worth $2,942,000 after buying an additional 56 shares during the period. Outlook Wealth Advisors LLC raised its position in Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company's stock valued at $212,000 after purchasing an additional 58 shares during the last quarter. Platt Wealth Management LLC raised its holdings in shares of Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock valued at $512,000 after buying an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC raised its stake in Philip Morris International by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company's stock valued at $222,000 after acquiring an additional 58 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PM. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a "buy" rating in a research report on Friday, July 24th. Citigroup boosted 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 upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Stifel Nicolaus raised their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Price Performance

PM opened at $191.85 on Friday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The business has a 50-day moving average of $185.96 and a two-hundred day moving average of $178.30. The stock has a market capitalization of $299.02 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping 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 period in the prior year, the firm posted $1.89 EPS. The company's 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 research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid 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 3.1%. Philip Morris International's dividend payout ratio (DPR) is currently 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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