Annex Advisory Services LLC Has $46.40 Million Holdings in Philip Morris International Inc. $PM

Annex Advisory Services LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 150.8% during the second quarter, HoldingsChannel.com reports. The fund owned 256,496 shares of the company’s stock after purchasing an additional 154,235 shares during the period. Annex Advisory Services LLC’s holdings in Philip Morris International were worth $46,403,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AG Campbell Advisory LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new position in Philip Morris International during the 4th quarter worth approximately $26,000. Richards Merrill & Peterson Inc. bought a new position in Philip Morris International in the 4th quarter valued at approximately $28,000. Vermillion Wealth Management Inc. lifted its stake in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PM shares. Citigroup boosted 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. 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 note on Wednesday, July 29th. Morgan Stanley raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Stifel Nicolaus boosted 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

PM opened at $186.25 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The company’s 50 day moving average price is $184.52 and its two-hundred day moving average price is $177.69. The firm has a market capitalization of $290.29 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.25 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion during 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%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.2%. 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 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.