Philip Morris International Inc. $PM Holdings Lifted by State Street Corp

State Street Corp raised its position in Philip Morris International Inc. (NYSE:PM) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,569,994 shares of the company’s stock after purchasing an additional 536,968 shares during the quarter. State Street Corp owned about 3.57% of Philip Morris International worth $10,134,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Outlook Wealth Advisors LLC raised its stake in Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after acquiring an additional 58 shares in the last quarter. Platt Wealth Management LLC increased its holdings in shares of Philip Morris International by 2.1% during the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after purchasing an additional 58 shares during the period. Farmers National Bank raised its stake in shares of Philip Morris International by 1.1% during the fourth quarter. Farmers National Bank now owns 5,205 shares of the company’s stock valued at $835,000 after purchasing an additional 59 shares in the last quarter. Heritage Trust Co raised its stake in shares of Philip Morris International by 2.4% during the fourth quarter. Heritage Trust Co now owns 2,554 shares of the company’s stock valued at $410,000 after purchasing an additional 60 shares in the last quarter. Finally, Sonoma Allocations LLC lifted its holdings in Philip Morris International by 4.0% in the fourth quarter. Sonoma Allocations LLC now owns 1,627 shares of the company’s stock worth $289,000 after purchasing an additional 62 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.2%

PM stock traded up $2.34 on Tuesday, hitting $189.82. 1,212,029 shares of the company’s stock traded hands, compared to its average volume of 4,992,336. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock has a market cap of $295.86 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.41 and a beta of 0.37. The stock has a fifty day moving average of $189.45 and a 200-day moving average of $179.09.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results 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. The firm had revenue of $11.19 billion for 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 8.44 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, October 2nd will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.4%. 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. Philip Morris International’s payout ratio is presently 84.48%.

Analysts Set New Price Targets

Several equities analysts have commented on PM shares. Citigroup raised their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays upped 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. Morgan Stanley increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Finally, UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.89.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.