Papamarkou Wellner Asset Management inc. Invests $4.46 Million in Philip Morris International Inc. $PM

Papamarkou Wellner Asset Management inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,652 shares of the company’s stock, valued at approximately $4,465,000. Philip Morris International accounts for approximately 1.0% of Papamarkou Wellner Asset Management inc.’s portfolio, making the stock its 7th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Dearborn Partners LLC purchased a new position in shares of Philip Morris International in the second quarter worth about $362,000. Yukon Wealth Management Inc. purchased a new stake in Philip Morris International during the 2nd quarter valued at about $469,000. Brooks Moore & Associates Inc. acquired a new stake in Philip Morris International in the 2nd quarter valued at about $1,076,000. WNY Asset Management LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $257,000. Finally, Hamilton Capital LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $392,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.8%

Shares of PM opened at $190.52 on Friday. The firm has a market cap of $296.94 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.34 and a beta of 0.38. The business’s 50 day moving average is $186.94 and its two-hundred day moving average is $178.69. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76.

Philip Morris International (NYSE:PM) last issued 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue 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, equities analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is 84.48%.

Analysts Set New Price Targets

PM has been the topic of several research reports. Citigroup increased their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Needham & Company LLC increased their price objective 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. Finally, BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

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.