Wallace Capital Management Inc. Makes New $1.02 Million Investment in Philip Morris International Inc. $PM

Wallace Capital Management Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,639 shares of the company’s stock, valued at approximately $1,020,000.

A number of other hedge funds also recently made changes to their positions in the business. Resurgent Financial Advisors LLC increased its holdings in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after buying an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after acquiring an additional 56 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after purchasing an additional 58 shares during the last quarter. Platt Wealth Management LLC raised its holdings in shares of Philip Morris International by 2.1% in the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock worth $512,000 after purchasing an additional 58 shares during the period. Finally, Aristotle Capital Management LLC lifted its stake in Philip Morris International by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock valued at $222,000 after purchasing an additional 58 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PM has been the topic of several research reports. UBS Group boosted their target price on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Stifel Nicolaus boosted their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Barclays upped their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Trading Up 0.0%

Shares of NYSE:PM opened at $193.94 on Thursday. The company has a 50 day moving average of $186.71 and a 200 day moving average of $178.64. The stock has a market cap of $302.28 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76.

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 analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. Philip Morris International’s revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.

Philip Morris International 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.