2,744 Shares in Philip Morris International Inc. $PM Bought by D.B. Root & Company LLC

D.B. Root & Company LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, Holdings Channel.com reports. The firm acquired 2,744 shares of the company’s stock, valued at approximately $496,000.

Other institutional investors have also modified their holdings of the company. AG Campbell Advisory LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in shares of Philip Morris International in the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. boosted its stake in shares of Philip Morris International by 146.5% in the first 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. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Philip Morris International during the second quarter worth approximately $29,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

Shares of PM stock opened at $188.14 on Monday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The company’s 50-day moving average price is $186.03 and its 200-day moving average price is $178.35. The stock has a market cap of $293.24 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors 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 yield of 3.1%. Philip Morris International’s dividend payout ratio is currently 84.48%.

Analyst Ratings Changes

PM has been the topic of several recent research reports. Needham & Company LLC lifted 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 note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Citigroup boosted their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus upped their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently 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.