LaSalle St. Investment Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,920 shares of the company’s stock, valued at approximately $709,000.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after purchasing an additional 1,793,949 shares during the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares during the period. BlackRock Inc. increased its stake in Philip Morris International by 0.4% in the 2nd 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 during the period. Capital International Investors lifted its stake in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on PM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Barclays raised their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. UBS Group lifted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.
Philip Morris International Trading Up 1.0%
NYSE PM opened at $191.85 on Friday. The company has a market capitalization of $299.02 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38. The business’s 50-day moving average price is $185.96 and its 200 day moving average price is $178.30. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76.
Philip Morris International (NYSE:PM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities 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 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. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio 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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