Rakuten Investment Management Inc. Buys Shares of 254,918 Philip Morris International Inc. $PM

Rakuten Investment Management Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 254,918 shares of the company’s stock, valued at approximately $46,617,000.

Several other hedge funds have also recently modified their holdings of PM. RB Capital Management LLC bought a new position in shares of Philip Morris International during the second quarter valued at approximately $1,962,000. Orion Capital Management LLC purchased a new position in Philip Morris International during the second quarter valued at approximately $473,000. Glenview Trust Co bought a new position in Philip Morris International in the second quarter worth approximately $13,706,000. North Star Asset Management Inc. bought a new position in Philip Morris International in the second quarter worth approximately $10,248,000. Finally, Concorde Asset Management LLC purchased a new stake in Philip Morris International during the second quarter worth $321,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Finally, Stifel Nicolaus lifted their target price 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. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Trading Up 0.8%

Shares of PM stock opened at $192.02 on Friday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The business’s fifty day simple moving average is $187.21 and its 200-day simple moving average is $178.79. The company has a market cap of $299.28 billion, a PE ratio of 27.59, a PEG ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 negative return on equity of 163.41% and a net margin of 11.06%.The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the firm earned $1.89 EPS. The business’s quarterly 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 year.

Philip Morris International Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 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.