Tema ETFs LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 10.3% in the 2nd quarter, Holdings Channel reports. The firm owned 31,005 shares of the company’s stock after buying an additional 2,900 shares during the period. Tema ETFs LLC’s holdings in Philip Morris International were worth $5,609,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in PM. Resurgent Financial Advisors LLC lifted its position in shares of Philip Morris International by 3.7% during the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after acquiring an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after acquiring an additional 56 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after acquiring an additional 58 shares during the last quarter. Aristotle Capital Management LLC raised its position in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares during the period. Finally, Tranquility Partners LLC raised its position in shares of Philip Morris International by 2.4% during the fourth quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock worth $399,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on PM shares. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Citigroup boosted their price objective on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. UBS Group raised their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $205.89.
Philip Morris International Trading Up 0.1%
Shares of PM stock opened at $186.25 on Wednesday. The company has a market capitalization of $290.29 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 2.25 and a beta of 0.38. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock’s fifty day simple moving average is $184.52 and its 200-day simple moving average is $177.69.
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, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business earned $1.89 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is currently 84.48%.
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.
Further Reading
- Five stocks we like better than Philip Morris International
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.
