PCM Encore LLC Makes New Investment in Philip Morris International Inc. $PM

PCM Encore LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) during the second quarter, Holdings Channel reports. The fund purchased 8,780 shares of the company’s stock, valued at approximately $1,588,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. increased 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 valued at $29,000 after purchasing an additional 104 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International during the second quarter worth approximately $29,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.0%

PM stock opened at $191.85 on Friday. The stock has a market capitalization of $299.02 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.29 and a beta of 0.38. The firm’s 50-day moving average price is $185.96 and its two-hundred day moving average price is $178.30. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76.

Philip Morris International (NYSE:PM) last posted its earnings results 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. The company 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%. Philip Morris International’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders 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 annualized dividend and a yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.

Analyst Upgrades and Downgrades

PM has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus raised their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

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.