Vise Technologies Inc. Buys New Holdings in Philip Morris International Inc. $PM

Vise Technologies Inc. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 144,193 shares of the company’s stock, valued at approximately $26,086,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Capital International Investors lifted its stake in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Capital World Investors increased its position in Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. Bank of New York Mellon Corp increased its position in Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after purchasing an additional 2,755,662 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Philip Morris International by 12.0% during the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock worth $2,848,919,000 after purchasing an additional 1,847,421 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Morgan Stanley increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus raised their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

PM stock opened at $191.85 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The firm has a market cap 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. The stock has a 50-day simple moving average of $185.96 and a 200-day simple moving average of $178.30.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 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 negative return on equity of 163.41% and a net margin of 11.06%.Philip Morris International’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Philip Morris International Company Profile

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.