Perennial Investment Advisors LLC Acquires Shares of 2,793 Philip Morris International Inc. $PM

Perennial Investment Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,793 shares of the company’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital World Investors lifted its position in Philip Morris International by 2.8% during the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after buying an additional 3,579,399 shares in the last quarter. BlackRock Inc. boosted its stake in Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after buying an additional 444,449 shares during the last quarter. Capital International Investors grew its holdings in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after buying an additional 12,227,004 shares in the last quarter. Capital Research Global Investors grew its holdings in Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after buying an additional 11,013,173 shares in the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter worth $8,220,008,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.0%

PM stock opened at $193.94 on Thursday. The stock has a market capitalization of $302.28 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The stock’s fifty day simple moving average is $186.71 and its 200-day simple moving average is $178.64.

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 analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $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, analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company 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. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. Philip Morris International’s payout ratio is presently 84.48%.

Analyst Ratings Changes

Several research firms recently issued reports on PM. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Stifel Nicolaus lifted 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, Needham & Company LLC upped their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.