Callan Family Office LLC Buys New Shares in Philip Morris International Inc. $PM

Callan Family Office LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 114,031 shares of the company’s stock, valued at approximately $20,629,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors raised 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 valued at $16,262,967,000 after buying an additional 12,227,004 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Capital World Investors raised its holdings in shares of Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after purchasing an additional 3,579,399 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Philip Morris International by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock valued at $2,111,198,000 after purchasing an additional 2,755,662 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Philip Morris International by 12.0% during the first quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock valued at $2,848,919,000 after purchasing an additional 1,847,421 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $188.14 on Friday. The stock’s 50-day simple moving average is $186.03 and its 200 day simple moving average is $178.36. The stock has a market capitalization of $293.24 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.31 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 posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share 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 business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter 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. On average, research analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed 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 3.1%. Philip Morris International’s payout ratio is currently 84.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Monday. Needham & Company LLC lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays boosted 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. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

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.