Wedmont Private Capital Increases Stock Position in Philip Morris International Inc. $PM

Wedmont Private Capital boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,545 shares of the company’s stock after purchasing an additional 4,547 shares during the period. Wedmont Private Capital’s holdings in Philip Morris International were worth $6,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PM. GQG Partners LLC acquired a new position in shares of Philip Morris International in the second quarter worth about $8,220,008,000. Bank of America Corp DE acquired a new stake in Philip Morris International during the 2nd quarter valued at approximately $3,075,267,000. Capital International Investors increased its holdings in Philip Morris International by 13.7% during 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 holdings in Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $1,316,151,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PM shares. Citigroup increased their target price on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Monday, August 17th. UBS Group increased their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Trading Down 0.1%

Shares of NYSE PM opened at $182.36 on Monday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The company has a market capitalization of $284.23 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. The business has a 50 day simple moving average of $188.02 and a 200-day simple moving average of $178.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

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