Clear Harbor Asset Management LLC Invests $605,000 in Philip Morris International Inc. $PM

Clear Harbor Asset Management LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,343 shares of the company’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PM. GQG Partners LLC acquired a new position in Philip Morris International in the 2nd quarter valued at about $8,220,008,000. Capital International Investors lifted its position in Philip Morris International by 13.7% during the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Philip Morris International by 25.3% during the fourth 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 during the period. Capital World Investors grew its position 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. Finally, Bank of New York Mellon Corp grew its position 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. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $188.14 on Monday. The company has a market capitalization of $293.24 billion, a P/E ratio of 27.03, a P/E/G ratio of 2.27 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The business’s 50 day simple moving average is $186.03 and its 200 day simple moving average is $178.35.

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

Philip Morris International Announces Dividend

The company 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. 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 dividend payout ratio is currently 84.48%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays lifted their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Citigroup lifted their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Needham & Company LLC lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Company Profile

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.