Philip Morris International Inc. $PM Position Raised by Wedmont Private Capital

Wedmont Private Capital grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 14.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 36,545 shares of the company’s stock after purchasing an additional 4,547 shares during the quarter. Wedmont Private Capital’s holdings in Philip Morris International were worth $6,637,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PM. GQG Partners LLC bought a new stake in Philip Morris International in the 2nd quarter valued at about $8,220,008,000. Bank of America Corp DE bought a new position in Philip Morris International in the 2nd quarter worth about $3,075,267,000. Capital International Investors grew its position in Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Philip Morris International by 25.3% in 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. Finally, Legal & General Group Plc acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $1,316,151,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $182.36 on Monday. The stock has a market cap of $284.23 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.36 and a beta of 0.37. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The stock’s 50 day moving average price is $188.02 and its 200 day moving average price is $178.76.

Philip Morris International (NYSE:PM) last issued its quarterly 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. 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 analyst estimates of $10.60 billion. During the same period last year, the company posted $1.89 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PM shares. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. UBS Group increased their price objective on 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 restated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Barclays lifted their target price 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. Finally, Morgan Stanley increased their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price 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.