7,979 Shares in Philip Morris International Inc. $PM Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, HoldingsChannel reports. The fund bought 7,979 shares of the company’s stock, valued at approximately $1,443,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kelman Lazarov Inc. bought a new stake in Philip Morris International during the 2nd quarter worth about $423,000. one8zero8 LLC bought a new position in shares of Philip Morris International in the 2nd quarter valued at about $4,668,000. Kentucky Farm Bureau Mutual Insurance Co bought a new position in shares of Philip Morris International in the 2nd quarter valued at about $4,523,000. Addison Advisors LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $81,000. Finally, West Family Investments Inc. acquired a new stake in shares of Philip Morris International in the second quarter valued at about $990,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on PM shares. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Barclays raised their price target 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. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Needham & Company LLC upped their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, UBS Group increased their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. 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 an average price target of $205.89.

Philip Morris International Trading Up 1.0%

PM stock opened at $191.85 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The business’s 50 day simple moving average is $185.96 and its 200 day simple moving average is $178.30. The firm has a market capitalization of $299.02 billion, a PE ratio of 27.56, a PEG ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $1.89 EPS. The company’s quarterly 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, sell-side 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 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 was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

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.