Vermillion & White Wealth Management Group LLC Takes Position in Philip Morris International Inc. $PM

Vermillion & White Wealth Management Group LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,480 shares of the company’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. GQG Partners LLC purchased a new position in Philip Morris International during the 2nd quarter worth $8,220,008,000. Bank of America Corp DE acquired a new position in Philip Morris International in the second quarter valued at $3,075,267,000. Capital International Investors raised its holdings in shares of Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after buying an additional 11,013,173 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Philip Morris International in the second quarter valued at about $1,316,151,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.8%

Shares of NYSE:PM opened at $192.02 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm’s 50-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 price-to-earnings 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 results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

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

Analyst Ratings Changes

PM has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Finally, Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus 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.