Papamarkou Wellner Asset Management inc. Makes New Investment in Philip Morris International Inc. $PM

Papamarkou Wellner Asset Management inc. acquired 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 (SEC). The firm acquired 44,652 shares of the company’s stock, valued at approximately $4,465,000. Philip Morris International comprises about 1.0% of Papamarkou Wellner Asset Management inc.’s portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Dearborn Partners LLC acquired a new position in Philip Morris International during the 2nd quarter worth approximately $362,000. Yukon Wealth Management Inc. bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $469,000. Brooks Moore & Associates Inc. acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $1,076,000. WNY Asset Management LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $257,000. Finally, Hamilton Capital LLC bought a new stake in shares of Philip Morris International in the second quarter worth $392,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock opened at $190.52 on Friday. The firm has a 50-day moving average of $186.94 and a 200-day moving average of $178.69. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The company has a market cap of $296.94 billion, a P/E ratio of 27.37, a P/E/G ratio of 2.34 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued 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 negative return on equity of 163.41% and a net margin of 11.06%.The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. 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. As a group, research analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on PM shares. Barclays upped their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. 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. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Stifel Nicolaus increased their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.