New Mexico Educational Retirement Board Acquires 8,900 Shares of Philip Morris International Inc. $PM

New Mexico Educational Retirement Board boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,411 shares of the company’s stock after buying an additional 8,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Philip Morris International were worth $14,004,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Philip Morris International in the second quarter valued at approximately $29,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International during the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. increased its position in Philip Morris International by 146.5% during 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 period. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International during the 4th quarter worth approximately $29,000. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PM. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Finally, Barclays lifted their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Stock Up 0.8%

Shares of PM stock opened at $192.02 on Friday. The firm has a 50 day moving average of $187.21 and a 200-day moving average of $178.79. The company has a market cap of $299.28 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given 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 of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is 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.