Parvin Asset Management LLC Buys Shares of 4,420 Philip Morris International Inc. $PM

Parvin Asset Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,420 shares of the company’s stock, valued at approximately $800,000.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $1,035,000. Pure Financial Advisors LLC purchased a new stake in Philip Morris International during the second quarter worth $2,504,000. Payne Capital Management LLC purchased a new stake in Philip Morris International during the second quarter worth $585,000. Transamerica Financial Advisors LLC bought a new stake in Philip Morris International during the 2nd quarter valued at $1,465,000. Finally, Corient Private Wealth LP purchased a new position in shares of Philip Morris International in the 2nd quarter valued at $103,392,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PM. Barclays boosted their price objective 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 target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley upped their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $193.94 on Thursday. The business’s 50 day moving average price is $186.71 and its 200 day moving average price is $178.64. The company has a market cap of $302.28 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations 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 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, analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, June 25th. 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.