Main Street Financial Solutions LLC Takes $1.46 Million Position in Philip Morris International Inc. $PM

Main Street Financial Solutions LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, HoldingsChannel reports. The fund acquired 8,058 shares of the company’s stock, valued at approximately $1,458,000.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors increased its holdings in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after purchasing an additional 12,227,004 shares during the last quarter. Capital Research Global Investors grew its holdings in 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 valued at $8,751,407,000 after purchasing an additional 11,013,173 shares during the period. Capital World Investors raised its holdings in Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Philip Morris International by 30.9% during the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after purchasing an additional 2,755,662 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock valued at $2,848,919,000 after buying an additional 1,847,421 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.3%

Shares of PM stock opened at $190.02 on Thursday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The company has a market capitalization of $296.16 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The firm has a 50 day moving average price of $185.74 and a two-hundred day moving average price of $178.21.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the firm earned $1.89 EPS. The company’s quarterly revenue 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, research analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is 84.48%.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday. Bank of America restated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Morgan Stanley lifted their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target 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.