5,118 Shares in Philip Morris International Inc. $PM Acquired by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,118 shares of the company’s stock, valued at approximately $926,000.

Other hedge funds have also modified their holdings of the company. PCM Encore LLC acquired a new stake in Philip Morris International during the 2nd quarter valued at approximately $1,588,000. Vise Technologies Inc. acquired a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $26,086,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $226,000. August Group Capital Ltd purchased a new position in shares of Philip Morris International during the 2nd quarter valued at approximately $234,000. Finally, E Fund Management Co. Ltd. purchased a new position in shares of Philip Morris International during the 2nd quarter valued at approximately $3,039,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Monday. Citigroup upped 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. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. 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. Finally, Needham & Company LLC boosted 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. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Trading Up 1.0%

NYSE:PM opened at $191.85 on Friday. The stock has a market capitalization of $299.02 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The firm has a 50 day moving average of $185.96 and a 200-day moving average of $178.30.

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. The company 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 business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 8.33 EPS 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. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is presently 84.48%.

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.