Philip Morris International Inc. $PM Shares Purchased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,447 shares of the company’s stock after purchasing an additional 9,723 shares during the period. Philip Morris International comprises approximately 1.3% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 23rd largest holding. Bank Pictet & Cie Europe AG’s holdings in Philip Morris International were worth $66,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone National Bank & Trust Co bought a new stake in Philip Morris International in the third quarter worth about $82,000. 55 North Private Wealth LLC boosted its stake in Philip Morris International by 8.6% in the third quarter. 55 North Private Wealth LLC now owns 2,868 shares of the company’s stock valued at $547,000 after acquiring an additional 228 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in Philip Morris International by 2.2% in the third quarter. Onyx Bridge Wealth Group LLC now owns 10,176 shares of the company’s stock valued at $1,942,000 after acquiring an additional 216 shares during the last quarter. Banque Pictet & Cie SA grew its position in shares of Philip Morris International by 3.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 483,447 shares of the company’s stock valued at $92,251,000 after acquiring an additional 14,014 shares during the period. Finally, James T. Borello RIA bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $109,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

NYSE:PM traded down $0.14 on Tuesday, reaching $200.91. 1,261,191 shares of the company’s stock were exchanged, compared to its average volume of 4,964,132. The firm has a market cap of $313.15 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 2.63 and a beta of 0.34. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $210.45. The stock has a fifty day simple moving average of $191.49 and a 200-day simple moving average of $182.89.

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 the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the company earned $1.89 earnings per share. The company’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. As a group, sell-side analysts predict that Philip Morris International Inc. will post 8.38 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, October 2nd will be issued a $1.60 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $6.40 annualized dividend and a yield of 3.2%. Philip Morris International’s payout ratio is 91.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PM. Barclays raised their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Stifel Nicolaus upped their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. 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 report on Thursday, July 23rd. UBS Group increased their price objective on Philip Morris International from $182.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. Finally, Weiss Ratings raised Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Ten equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.00.

About Philip Morris International

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.