State Street Corp Has $10.13 Billion Stock Holdings in Philip Morris International Inc. $PM

State Street Corp lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 55,569,994 shares of the company’s stock after acquiring an additional 536,968 shares during the period. State Street Corp’s holdings in Philip Morris International were worth $10,134,454,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. AG Campbell Advisory LLC bought a new position in Philip Morris International during the 4th quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International during the fourth quarter worth approximately $26,000. Vermillion Wealth Management Inc. lifted its stake in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International during the second quarter worth about $29,000. Finally, Cedar Mountain Advisors LLC boosted its stake in Philip Morris International by 60.2% during the 1st quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company’s stock worth $31,000 after acquiring an additional 71 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 1.2%

Shares of NYSE:PM traded up $2.34 during mid-day trading on Tuesday, reaching $189.82. The company had a trading volume of 1,212,029 shares, compared to its average volume of 4,992,336. The company’s 50-day moving average price is $189.45 and its 200-day moving average price is $179.09. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The firm has a market cap of $295.86 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.41 and a beta of 0.37.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share 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 the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $1.89 EPS. The firm’s quarterly revenue 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. On average, research analysts anticipate that Philip Morris International Inc. will post 8.44 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, October 2nd will be paid a dividend of $1.60 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. This represents a $6.40 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, October 2nd. Philip Morris International’s dividend payout ratio is presently 84.48%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group increased their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Morgan Stanley increased their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $205.89.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.