Varma Mutual Pension Insurance Co Purchases Shares of 242,800 Philip Morris International Inc. $PM

Varma Mutual Pension Insurance Co purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 242,800 shares of the company’s stock, valued at approximately $43,925,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the 4th quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. lifted its position in shares of Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after buying an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Philip Morris International in the second quarter worth about $29,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Philip Morris International during the fourth quarter valued at approximately $29,000. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group upped 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. Citigroup boosted their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to 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 Trading Down 1.8%

Shares of PM stock opened at $188.14 on Friday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The stock has a fifty day simple moving average of $186.03 and a two-hundred day simple moving average of $178.36. The stock has a market capitalization of $293.24 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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 was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend 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.