Amarillo National Bank Acquires Shares of 1,130 Philip Morris International Inc. $PM

Amarillo National Bank acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,130 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors have also modified their holdings of the stock. EdgeRock Capital LLC purchased a new position in shares of Philip Morris International during the 2nd quarter valued at about $256,000. American National Bank & Trust raised its stake in shares of Philip Morris International by 238.0% during the 2nd quarter. American National Bank & Trust now owns 4,949 shares of the company’s stock valued at $901,000 after buying an additional 3,485 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Philip Morris International by 16,373.7% during the 2nd quarter. Bank Pictet & Cie Europe AG now owns 304,929 shares of the company’s stock valued at $55,537,000 after buying an additional 303,078 shares during the last quarter. Banque Pictet & Cie SA raised its stake in shares of Philip Morris International by 182.2% during the 2nd quarter. Banque Pictet & Cie SA now owns 484,687 shares of the company’s stock valued at $88,276,000 after buying an additional 312,940 shares during the last quarter. Finally, Fortune Financial Advisors LLC increased its stake in shares of Philip Morris International by 1.2% in the 2nd quarter. Fortune Financial Advisors LLC now owns 13,902 shares of the company’s stock valued at $2,532,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM stock opened at $164.16 on Friday. The business has a 50 day simple moving average of $165.83 and a 200-day simple moving average of $168.22. The firm has a market capitalization of $255.53 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International’s payout ratio is currently 102.66%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PM shares. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Needham & Company LLC restated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.40.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.