Freestone Grove Partners LP Buys Shares of 338,600 Philip Morris International Inc. $PM

Freestone Grove Partners LP acquired a new position in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 338,600 shares of the company’s stock, valued at approximately $61,256,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International in the 2nd quarter worth $29,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International in the 4th quarter worth $26,000. Vermillion Wealth Management Inc. lifted its position in Philip Morris International by 146.5% during 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 last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Barclays raised their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, UBS Group lifted their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Price Performance

Philip Morris International stock opened at $193.94 on Thursday. The company has a market capitalization of $302.28 billion, a PE 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 one year low of $142.11 and a one year high of $207.76. The business has a 50 day simple moving average of $186.71 and a 200 day simple moving average of $178.64.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The business’s 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. Equities 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 declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

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.