10,845 Shares in Philip Morris International Inc. $PM Purchased by RB Capital Management LLC

RB Capital Management LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,845 shares of the company’s stock, valued at approximately $1,962,000.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Philip Morris International during the second quarter worth about $473,000. Glenview Trust Co purchased a new position in shares of Philip Morris International in the second quarter valued at approximately $13,706,000. North Star Asset Management Inc. acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $10,248,000. Concorde Asset Management LLC acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $321,000. Finally, Maxele Advisors LLC purchased a new stake in Philip Morris International during the 2nd quarter worth approximately $338,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.8%

Shares of NYSE:PM opened at $192.02 on Friday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The firm’s 50 day moving average price is $187.21 and its 200 day moving average price is $178.79. The stock has a market cap of $299.28 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The firm’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. On average, equities analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid 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 3.1%. Philip Morris International’s payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PM. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Stifel Nicolaus upped their price objective 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. Citigroup increased their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays lifted their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Needham & Company LLC boosted their target price 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. 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.com, the stock currently has a consensus 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.