VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Philip Morris International Inc. $PM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 493,600 shares of the company’s stock, valued at approximately $89,297,000.

A number of other hedge funds also recently added to or reduced their stakes in PM. First Eagle Investment Management LLC boosted its position in Philip Morris International by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,925,468 shares of the company’s stock valued at $1,071,976,000 after buying an additional 33,010 shares during the period. Tanager Wealth Management LLP grew its stake in shares of Philip Morris International by 1.9% in the second quarter. Tanager Wealth Management LLP now owns 17,755 shares of the company’s stock worth $3,212,000 after acquiring an additional 333 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its position in shares of Philip Morris International by 2.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 4,227 shares of the company’s stock worth $765,000 after acquiring an additional 105 shares during the period. Wedmont Private Capital increased its position in shares of Philip Morris International by 14.2% during the second quarter. Wedmont Private Capital now owns 36,545 shares of the company’s stock worth $6,637,000 after acquiring an additional 4,547 shares during the period. Finally, Kintra Wealth LLC raised its stake in shares of Philip Morris International by 35.5% in the second quarter. Kintra Wealth LLC now owns 5,984 shares of the company’s stock valued at $1,130,000 after acquiring an additional 1,569 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Needham & Company LLC upped their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Citigroup upped their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Ten 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Trading Down 0.1%

Philip Morris International stock opened at $182.36 on Monday. The company has a fifty day simple moving average of $188.02 and a 200-day simple moving average of $178.76. The stock has a market cap of $284.23 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 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 firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. Philip Morris International’s revenue for the quarter 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. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is presently 84.48%.

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.