Waverly Advisors LLC Has $18.32 Million Stake in Philip Morris International Inc. $PM

Key Points

• Waverly Advisors increased its Philip Morris stake by 10.5% in the second quarter, holding 101,276 shares valued at approximately $18.32 million. Institutional investors collectively own 78.63% of PM.
• Philip Morris exceeded quarterly expectations with $2.20 in EPS and $11.19 billion in revenue, representing 10.4% year-over-year revenue growth. Analysts expect $8.33 in full-year EPS.
• The company pays an annualized $5.88 dividend per share, yielding about 3.2%, while analysts maintain a “Moderate Buy” consensus and an average price target of $205.89.

Waverly Advisors LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,276 shares of the company's stock after acquiring an additional 9,587 shares during the quarter. Waverly Advisors LLC's holdings in Philip Morris International were worth $18,322,000 as of its most recent SEC filing.

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

Philip Morris International Price Performance

PM opened at $184.94 on Wednesday. The company has a market cap of $288.25 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. The firm has a 50 day simple moving average of $188.09 and a 200 day simple moving average of $178.76. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76.

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 (EPS) 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 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% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.2%. Philip Morris International's dividend payout ratio (DPR) is 84.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PM shares. Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Stifel Nicolaus raised their price target on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Monday, August 17th. Finally, Bank of America reissued a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company's portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.

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