242,800 Shares in Philip Morris International Inc. $PM Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co bought a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, HoldingsChannel reports. The fund bought 242,800 shares of the company’s stock, valued at approximately $43,925,000.

A number of other institutional investors also recently bought and sold shares of the business. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International during the second quarter valued at $29,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. boosted its holdings in Philip Morris International by 146.5% in the first 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 last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $29,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $188.14 on Friday. The business’s 50 day moving average price is $186.03 and its 200-day moving average price is $178.36. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The firm has a market capitalization of $293.24 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.27 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PM shares. Stifel Nicolaus boosted 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. Morgan Stanley raised their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. 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 report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.89.

About Philip Morris International

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.