LaSalle St. Investment Advisors LLC Purchases New Shares in Philip Morris International Inc. $PM

LaSalle St. Investment Advisors LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,920 shares of the company’s stock, valued at approximately $709,000.

A number of other large investors have also recently added to or reduced their stakes in PM. Mystic Asset Management Inc. acquired a new position in Philip Morris International in the second quarter worth about $2,466,000. Fairtree Asset Management Pty Ltd acquired a new position in shares of Philip Morris International during the second quarter valued at $1,794,000. Oxford Financial Group LTD. LLC bought a new position in Philip Morris International in the 2nd quarter worth about $584,000. Kilter Group LLC bought a new position in Philip Morris International in the 2nd quarter worth approximately $35,000. Finally, Portfolio Design Labs LLC acquired a new position in shares of Philip Morris International during the second quarter valued at $4,094,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 1.0%

Shares of Philip Morris International stock opened at $191.85 on Friday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The stock has a 50-day moving average price of $185.96 and a 200 day moving average price of $178.30. The company has a market cap of $299.02 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.29 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS 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 firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The business’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, equities analysts forecast that Philip Morris International Inc. will post 8.33 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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 was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Needham & Company LLC boosted their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. UBS Group lifted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Stifel Nicolaus boosted their price objective on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup upped their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.