Great Lakes Advisors LLC Makes New $22.09 Million Investment in Philip Morris International Inc. $PM

Great Lakes Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 122,126 shares of the company’s stock, valued at approximately $22,094,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC grew its holdings in Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after acquiring an additional 19,309 shares in the last quarter. New York Life Investment Management LLC raised its stake in shares of Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Addison Capital Co lifted its position in shares of Philip Morris International by 32.5% during the first quarter. Addison Capital Co now owns 31,779 shares of the company’s stock worth $5,254,000 after purchasing an additional 7,793 shares during the last quarter. Finally, Orographic Financial Advisors LLC bought a new position in shares of Philip Morris International during the first quarter worth about $1,205,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. UBS Group increased their target price 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 reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Monday. Stifel Nicolaus boosted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

NYSE PM opened at $190.02 on Thursday. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The company has a 50-day simple moving average of $185.74 and a 200-day simple moving average of $178.21. The firm 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.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. Philip Morris International’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. Equities analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s payout ratio is 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.