Two Sigma Securities LLC Buys New Shares in Philip Morris International Inc. $PM

Two Sigma Securities LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,312 shares of the company’s stock, valued at approximately $1,142,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors increased its holdings in shares of Philip Morris International by 2.8% in the fourth 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 during the last quarter. BlackRock Inc. grew its holdings in Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock valued at $19,545,430,000 after buying an additional 444,449 shares in the last quarter. Capital International Investors increased its stake in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Capital Research Global Investors boosted its position 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 valued at $8,751,407,000 after acquiring an additional 11,013,173 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in shares of Philip Morris International in the second quarter valued at $8,220,008,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM stock opened at $187.24 on Tuesday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock’s fifty day moving average price is $187.49 and its 200 day moving average price is $178.80. The company has a market cap of $291.83 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.32 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.89.

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.