Callan Family Office LLC Invests $20.63 Million in Philip Morris International Inc. $PM

Callan Family Office LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 114,031 shares of the company’s stock, valued at approximately $20,629,000.

Several other large investors also recently added to or reduced their stakes in PM. Vanguard Group Inc. increased its stake in Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock worth $23,300,088,000 after acquiring an additional 1,793,949 shares during the last quarter. Capital World Investors boosted its position in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares during the last quarter. BlackRock Inc. boosted its position in shares of Philip Morris International by 0.4% during the 2nd quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock valued at $19,545,430,000 after acquiring an additional 444,449 shares during the last quarter. Capital International Investors boosted its position in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Philip Morris International by 25.3% during the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of several research analyst reports. Barclays upped 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 report on Wednesday, July 29th. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Needham & Company LLC raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Ten 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 has an average rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $188.14 on Friday. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $207.76. The company’s 50 day moving average price is $186.03 and its 200-day moving average price is $178.36. The stock has a market capitalization of $293.24 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.31 and a beta of 0.38.

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 the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 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.