Wellington Management Group LLP Raises Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Wellington Management Group increased its Philip Morris International holdings by 3.9% in the second quarter, adding 650,587 shares and bringing its stake to approximately 1.12%, valued at $3.17 billion.
• Analysts maintain a positive outlook, with ten Buy ratings and two Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $205.89.
• Philip Morris beat quarterly expectations with $2.20 in earnings per share and $11.19 billion in revenue, while revenue rose 10.4% year over year. The company also pays a quarterly dividend of $1.47 per share, representing a 3.1% annualized yield.

Wellington Management Group LLP boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,506,171 shares of the company's stock after buying an additional 650,587 shares during the quarter. Wellington Management Group LLP owned approximately 1.12% of Philip Morris International worth $3,167,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PM. AG Campbell Advisory LLC purchased a new position in Philip Morris International during the 4th quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the 4th quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $29,000. Vermillion Wealth Management Inc. grew its position in shares of 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 buying an additional 104 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Needham & Company LLC lifted 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 reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Philip Morris International in a research report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $205.89.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $192.02 on Friday. The company has a 50 day simple moving average of $187.21 and a two-hundred day simple moving average of $178.79. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The company has a market capitalization of $299.28 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping 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 negative return on equity of 163.41% and a net margin of 11.06%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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 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 presently 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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