Great Lakes Advisors LLC Invests $22.09 Million in Philip Morris International Inc. $PM

Great Lakes Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 122,126 shares of the company’s stock, valued at approximately $22,094,000.

Several other institutional investors have also bought and sold shares of the stock. AG Campbell Advisory LLC acquired 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 4th quarter worth about $26,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter worth approximately $28,000. 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 worth $29,000 after acquiring an additional 104 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Philip Morris International in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $190.02 on Thursday. The firm has a market cap of $296.16 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The firm’s 50 day moving average price is $185.74 and its two-hundred day moving average price is $178.21.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business 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 dividend payout ratio is currently 84.48%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PM shares. Citigroup raised their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. UBS Group boosted their price objective 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. Stifel Nicolaus upped their price objective 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, BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Company 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.