EFG International AG Buys Shares of 9,515 Philip Morris International Inc. $PM

EFG International AG bought a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,515 shares of the company’s stock, valued at approximately $1,721,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC acquired a new position in Philip Morris International during the second quarter valued at approximately $1,123,000. Delos Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 2nd quarter valued at $64,000. Primecap Management Co. CA bought a new position in shares of Philip Morris International in the 2nd quarter valued at $149,070,000. Palisade Capital Management LP bought a new position in shares of Philip Morris International in the 2nd quarter valued at $2,130,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Philip Morris International during the 2nd quarter worth $266,603,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PM. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group boosted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley increased their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Finally, Citigroup lifted their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Stock Performance

Shares of PM opened at $193.94 on Thursday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76. The stock has a market capitalization of $302.28 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.34 and a beta of 0.38. The stock has a fifty day moving average of $186.71 and a 200-day moving average of $178.64.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company posted $1.89 EPS. Philip Morris International’s quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders 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 3.0%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is 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.