Mystic Asset Management Inc. Buys New Shares in Philip Morris International Inc. $PM

Mystic Asset Management Inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 13,629 shares of the company’s stock, valued at approximately $2,466,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC bought a new position in shares of Philip Morris International in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $29,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. raised its holdings in shares of Philip Morris International by 146.5% in 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 period. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International in the 4th quarter valued at about $29,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 1.0%

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

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company 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. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PM. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group raised their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Citigroup lifted 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. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.