NS Partners Ltd lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,470 shares of the company’s stock after selling 3,122 shares during the period. Philip Morris International accounts for about 1.4% of NS Partners Ltd’s investment portfolio, making the stock its 24th biggest holding. NS Partners Ltd’s holdings in Philip Morris International were worth $31,925,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. AG Campbell Advisory LLC acquired a new position in Philip Morris International during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Philip Morris International in the second quarter worth about $29,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International during the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. raised its position in shares of Philip Morris International by 146.5% during 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 in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Philip Morris International in the 4th quarter worth approximately $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently commented on PM shares. Citigroup boosted their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC raised their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Barclays upped their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Ten research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $205.89.
Philip Morris International Price Performance
NYSE:PM opened at $187.24 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The stock’s 50-day moving average is $187.49 and its two-hundred day moving average is $178.80. The stock has a market cap of $291.83 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.32 and a beta of 0.38.
Philip Morris International (NYSE:PM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.
Philip Morris International 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.
Featured Articles
- Five stocks we like better than Philip Morris International
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
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.
